31 Home BFR Investment Portfolio Phoenix, AZ

Listing was updated at: 11/06/2019
Property Overview
Price/Rent PSF $ 7,595,000.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available 62,566
Date Available 11/06/2019
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Floors 2
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Description

Location
Village at Meridian Hills new build development is a 31-lot single family residential subdivision on 5.69 acres located along the south side of Carson Road between 13th Street and 13th Place in Phoenix, Arizona.

Sale
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This Build For Rent (BFR) investment opportunity consists of 31 fee simple lots to be built as Single Family Residential Rental properties. The rental subdivision is located in Phoenix, AZ, which is an expanding submarket in South Phoenix. These quality new build homes for rental investment features an opportunity for Buyers to work with Builders to determine floor plans that optimize return for investment portfolios.

Phoenix is continuing to see strong and consistent job growth numbers and is expecting continued household formation in the rental communities. Build For Rent (BFR) properties offer almost no capital expenditures for several years after occupancy. The Developer/Builder here has over 30 years of National Home Building experience and is well known for quality & efficiency. Currently, there are several different floor plans being offered to range in size from 1,580/sf - 2,136/sf and rental rates range from $1,500 to $1,835 per month for these beautiful homes (Design, size, and number of homes are subject to change).

Pre-lease the homes for closing at Certificate of Occupancy, creating an immediate cash flow and return on your investment from day one! Village at Meridian Hills new build development is a 31-lot single-family residential subdivision on 5.69 acres located along the south side of Carson Road between 13th Street and 13th Place in Phoenix, Arizona.

Location