Find the newest multi-family home listings in Arizona, today! If you’re looking for a desirable place to relocate with some of the best weather you can find, look no further than Arizona. Residents of the state will tell you how wonderful of a place it is. Arizona is home to a thriving economy, booming tech sector, stable real estate market, and high quality of life for outdoor enthusiasts. With sunshine almost all year round, you’ll never have to worry about bad weather holding you back. Regardless of what city you choose, there’s a lifestyle for everyone. Cities like Scottsdale, Tempe, Mesa, Phoenix, Chandler, and Goodyear all have a lot to offer, and so do the surrounding areas. For more information on real estate for sale in Arizona, schedule a showing, call us today or send us an email.
Gearing up to buy or sell a multi-family home soon in Arizona? Call Patrick O'Sullivan at (602) 842-5050. Your Arizona realty team is here to help navigate the Arizona real estate market.
With the current position of the Arizona economy being as exciting as it is, the housing market is on the same level. Multi-family homes are a popular housing choice because of the investment opportunities they afford buyers. While you can find multi-family properties across the state, there will be more options in the bigger cities.
A multi-family property is a style of property with many units in the same building. Under the umbrella of the multi-family home types, duplexes, triplexes, fourplexes, apartment buildings, and condo buildings are all included. Many multi-family homes look like townhomes or row homes.
Multi-family homes are not among the most sought-after property styles in the state, but that doesn’t mean they are in short supply. You’ll find a variety of multi-family homes in almost all of the major cities and surrounding areas. Prices for multi-family properties in Arizona range from $79,000 to $11 million. You can find properties that need a good face-lift, vacant lots ready for a brand new build, and established buildings looking for a new owner. Buying a vacant lot has less of an investment upfront, but it also allows you the freedom to build something you love and offer potential tenants a brand new home. Whatever you’re in the market for, you can find it in Arizona.
Arizona has so much to offer that there aren’t many bad options when it comes to finding your new multi-family property. The most prolific markets for duplexes, triplexes, and fourplexes include Phoenix, Scottsdale, Tempe, and Chandler. There are options in surrounding communities and smaller towns as well.
Multi-family homes are an attractive investment for those looking to get into the real estate investing game. If you’ve got a sizable amount of money, you could potentially invest in a large apartment or condo building. Even though investment firms or corporations typically run those, they are available for anyone to purchase. Most individual buyers opt for a smaller multi-family property, like a duplex, triplex, or fourplex. These are an excellent option for both first-time investors and seasoned pros. Suppose you can purchase a multi-family property in pristine condition for a reasonable price. In that case, it can be a lucrative deal. There are plenty of reasons why people decide to purchase multi-family homes. Some of those include living in one unit and renting out the others to family or tenants. You can also choose to have the entire property as rentals.
Multi-family property ownership is a fantastic way to build equity and get a taste of real estate investing. Especially if you’re spending a little extra money than you would if you were purchasing a single-family home, you can offset a lot of your mortgage costs with rental income from your other units. When determining how you will finance your new multi-family property, you’ll need to know how many units the property has.
Most lenders will consider a duplex, triplex, and fourplexes as residential property, and the mortgage rules will be typical. Some multi-family properties will be considered commercial, so the process will be a bit different. Suppose you’re purchasing a multi-family property and plan to live in one of the units. In that case, you will be eligible for an owner-occupant mortgage.
If you’re buying it solely as a rental property, you’ll need a conventional mortgage. The difference between these is significant regarding requirements, down payments, and credit scores. Most conventional mortgages will require a 20% downpayment and stricter requirements because rental properties are higher-risk transactions. You can also use the future.
Discussing your situation with a professional before is key to understanding what you might be looking for in terms of a mortgage.
The third option for financing includes a Veterans Affairs Loan. If you’re a current or former member of the US military, you can apply for a VA loan. There’s no down payment required, and the relaxed requirements make it an excellent option for those who qualify. It’s a fantastic option for those who want to get into real estate investing, and you must live in one of the units to be approved.
There are plenty of reasons why our clients choose to sell or buy their Arizona homes with us, but one of the top ones is that the process is stress-free and seamless. GetMultiFamily.com leverages our network of professionals to sell your home or help you find your dream home in less time and with zero hassle. Our expertise in all kinds of multi-family homes helps us maintain the top spot as a leader in the industry. We always recommend the team at The Cap Core Real Estate Group. This impressive group of professionals is led by Patrick O’Sullivan, who is the former head of real estate at U-Haul. Patrick’s experience and award-winning history have helped him develop a team of individuals who are poised to create and foster an incredible customer experience with any real estate transaction. You won’t be disappointed working with this incredible team to find your next multi-family property in Arizona.
EXCELLENT INVESTMENT OPPORTUNITY 4 RENTALS Close To AN ACRE! Property Consists of Two Parcels, 100-35-26D and 100-35-26F (1034 N. Main Dr.). These Two Parcels Include 4 R...
The Pricoli on 25th is of wood frame construction and was originally built in 1935. In 2023 the property has undergone extensive interior and exterior renovations. The co...
TENANT OCCUPIED - DO NOT DISTURB TENANTS. Excellent opportunity to get this Property with over 15,000 Sq Ft of High Density Residential in Central Downtown Phoenix, Close...
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Income producing duplex in central phoenix! Want to have your living expenses covered by your tenant? Or looking for your next rental property? Centrally located, two 1 b...
Rare investment opportunity to own 3 duplexes and 2 single-family homes near Downtown Mesa. All single-story slump block construction, individually metered for electricit...
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Remarkable investment opportunity in Scottsdale's most sought-after multifamily community! This versatile fourplex property features 2 bed 1 bath(2 Units), 1 bed, 1 offic...
Introducing an unparalleled opportunity to invest in a prime commercial real estate property located at the heart of vibrant Phoenix, Arizona. 120 W McDowell Rd offers an...
PRICED TO SELL! HERE'S A TRIPLEX THAT OFFERS AN EXCELENT OPPORTUNITY TO BUY SOME OF THE LOWEST PRICED REAL ESTATE INVESTMENT PROPERTY OUT THERE. BIG MONEY HAS BEEN PUT IN...
Your opportunity to own a stable income property. Kitchens have been remodeled. One Unit is 3 bed/1 bath, other unit is 2 bed/1 bath. Dual Pane windows. Tile in all the...
Palmaire is a Mid-Century Modern complex along the Camelback Corridor with spectacular landscaping. This 1960's complex has a total of 18 units spread out to perfection, ...
2206 N 26th St is of block construction and was originally built in 1955, the property was extensively renovated in 2022. It consists of (2) 2 Bed / 1 Bath units. The int...
Multi Family Zoned Lot Opportunity! WOW, this is a rare opportunity to own a beautiful turn-of-the-century home with modern upgrades in Garfield Historic district. This g...
This portfolio comprises four homes: two houses with 3bed/1bath, one house with 4bed/2bath, and another house with 4bed/1bath. What makes this portfolio appealing is the ...
INCREIDIBLE INVESTMENT OPPORTUNITY!!!!Located close to the Heart of Downtown, the value resides in the land and it's Potential!!!Zoned R2 Minimum Extremely desirable loca...
Own a piece of history! ''The McClintock House'', listed on the National Register of Historic Places, was originally owned & lived in by historian, journalist & soldier, ...
Seven at Fillmore is a seven unit apartment complex built in the early 1900s to late 1999. Has been updated been updated and remodeled in recent years. The property just ...
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