For investors seeking an IMMEDIATE INCOME generation with no additional investment required! Possible to enter with 5% DOWN! 2023 average occupancy rate 93%. Current Airbnb rating 4.85 out of 5. CAP RATE 9.64%. Meticulously RENOVATED 5-UNIT Short-Term Rental in Central Phoenix! Comes with over $5,000 in Bookings! Nestled in one of Phoenix's most DESIRABLE LOCATIONS with immediate access to HWY-51, 2 min drive to Phoenix Children's Hospital, 8 min drive to Biltmore Fashion Park, top-rated dining, and vibrant nightlife. This rental is a top choice of traveling nurses! Each unit is designed to provide guests with comfort and style, ensuring HIGH OCCUPANCY RATES. Every unit features a modern Kitchen, Bath, and separate Private Access. A well-maintained shared outdoor space with seating, hammock, fire pit and BBQ facilities creates an inviting atmosphere for relaxation. Convenient laundry facility w/washer & dryer is available for guest use.
This unique property offers flexible living options with a remodeled 2-bedroom, 1-bathroom main home, plus a detached 1-bedroom, 1-bathroom in-law suite or rental unit. Both the main house and rear unit feature private entrances and separate backyards, making it ideal for an owner-occupied home with additional rental income, or a great opportunity to rent out both units. The newly remodeled interiors are showcased in the photos, and the property is located in a highly desirable rental area.
built in 1982, is constructed from wood-frame and stucco, and has undergone extensive renovations that were completed at the beginning of 2020. This individually parceled, condo-mapped community features (8) large 2-bedroom / 2-bathroom units with a master-bathroom in each bedroom. The layouts of each unit feature vaulted ceilings, private backyards, an in-unit washer and dryer along with a private exterior storage closet for all units. The interior renovations include contemporary cabinets, stainless-steel appliances, vinyl flooring, floating bathroom vanities, and more.The exterior upgrades include a dog run, community patio grill & bar, and picnic area. The community is securely gated and boasts a unique desert landscaping to be enjoyed year round.
The median home value in Phoenix, AZ is $248,600. This is lower than the county median home value of $272,900. The national median home value is $219,700. The average price of homes sold in Phoenix, AZ is $248,600. Approximately 47.8% of Phoenix homes are owned, compared to 41.63% rented, while 10.58% are vacant. Phoenix real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Phoenix real estate agent to arrange a tour today!
Phoenix, Arizona 85016 has a population of 1,574,421. Phoenix 85016 is less family-centric than the surrounding county with 31.53% of the households containing married families with children. The county average for households married with children is 31.95%.
The median household income in Phoenix, Arizona 85016 is $52,080. The median household income for the surrounding county is $58,580 compared to the national median of $57,652. The median age of people living in Phoenix 85016 is 33.3 years.
The average high temperature in July is 104.7 degrees, with an average low temperature in January of 44.2 degrees. The average rainfall is approximately 9.5 inches per year, with 0 inches of snow per year.