2260 E Wildhorse Place, Chandler, AZ 85286

$6,277,000
List Price
$6,277,000
Status
ACTIVE
Days on Market
18
MLS#
6508683
City
Chandler
Lot Size
7
Year Built
1996

Property Description

Turn key investment portfolio in the highly sought after Southeast Valley of Phoenix which includes the neighborhoods of Chandler and Queen Creek. Offering 7 hand curated and exceptional short term rental properties that have over $1M in renovation and remodeling costs. This is a unique offering to purchase a stable portfolio of homes in the exceedingly strong and sought-after Phoenix housing market and some of its most desired neighborhoods. This offering has immediate cash flow and revenue growth built in. With over 40% of households in Metropolitan Phoenix being renter-occupied, this a perfect opportunity for short or long term rental operations. The in place operations offer continued stability and favorable operational costs. In recent years, Phoenix's Southeast Valley has benefited from transformational investment that has dramatically increased the residential population and generated a rich array of restaurants, retail, events and entertainment venues. The surrounding are is within close proximity to the Phoenix Mesa Gateway Airport which currently has 6 airlines that fly to more than 50 cities, the airport plans to add additional airlines and a new terminal in the next 5-10 years to accommodate the vast growth in the SE Valley. The airport sees more than 1.7M passengers annually. Other major employers in the area include: Apple, Facebook, Gulfstream, SkyBridge, ASU Polytechnic Campus, and Amazon. This is a bulk sale, the following parcel's are included - 303-30-199, 304-67-392, 509-02-675, 509-94-657, 304-68-470, 314-02-485, 304-88-551

Additional Information

Gross Annual Sch Inc
498700
Adjusted Gross Inc
498700
Taxes
$1,559
Annual Other Exp
124330
Operating Exp
125889
Net Operating Income
$373,369
Units
28
Project Type
5 - 12 Units, Other (See Remarks)
Construction
Block, Other (See Remarks)
Roofing
Comp Shingle, Other (See Remarks)
Parking
Other (See Remarks)
Cooling
See Remarks
Heating
See Remarks
Floors
Carpet, Other, Vinyl, Wood
Zoning
PAD
Subdivision
Pecos Aldea Unit 7
Community Amenities
See Remarks
Electric
Other (See Remarks)
Gas
Other (See Remarks)
Water
See Remarks
Sewer
Other (See Remarks)
Tenant Pays
Other (See Remarks)
New Financing
1031 Exchange, Conventional, CTL
School District
Chandler Unified District

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of North & Co.

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