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Investor Cash Flow or Residential Retail Resale Opportunity.
$14,995,000 [ALL or PART].
The Investment SFR 141 Portfolio homes are located throughout the Valley including Chandler, Mesa, Phoenix and Goodyear, AZ. The 141 home portfolio is being sold as ALL or PART and are being sold in bulk. The homes include two, three, four and five bedroom fee simple homes averaging 1,224 SF. Homes range in size from 650 SF to 2,286 SF. The homes are individually metered for utilities; tenant pays electric, water, sewer, & trash. There are no home pools.
Investment SFR 141 Portfolio bulk SFR offering of one hundred forty-one homes provides an investor with a high occupancy, fee simple single-family home bulk package with no HOA fee’s. The average current average monthly rent is approximately $789 per month, or $0.64 PSF; slightly below submarket average of $938, or $0.77 PSF. In most cases, the regional submarket rents have not yet reached their pre-recession highs. At $789 per month, current rents are still about 17% below the sub-market average; however, demand significantly increased following the recession and rent growth was grown. Asking rents are predicted to reach their prerecession highs again in 2016 as demand for rental units continues to climb. With absorption forecast to hold steady through 2019, average rent growth is projected to be among the strongest in the metro area. An ‘Advanced SFR SCRUB Report’ is available.
Investment SFR 141 Portfolio package provides an investor with steady in place income and the opportunity to sell individual homes as the residential market continues to pick up in near term.
Investment SFR 141 Portfolio interior and floor plan vary through the portfolio. Some homes have carports and/or garages. Some homes are equipped with a full master bath with double sinks, large walk-in closets, additional bedroom(s), dining room, breakfast bar off the kitchen. Most homes are equipped with refrigerator, microwave, oven, dishwasher, and washer/dryer (hookups only). Exterior is varied and includes painted stucco, siding with wood frame construction with comp shingle or concrete tile roofs.
Jeff Cline & Michael Finch
SVN I RealStar Advisors