101045 . 6 Home SFR Phoenix, AZ

09-16-2022
09-16-2022

101045 . 6 Home SFR Phoenix, AZ, Phenix, AZ 85382

Visit www.SFRhub.com and search for portfolio 101045 for more information. 

Contact:
TOM JOHNSTON
Director of Brokerage Services
SVN | SFRhub Advisors
T: 602.825.1780
C: 602.403.3695
tom.johnston@svn.com
License #: BR507919000

TIM ORSCHELN
Senior Investment Portfolio Advisor
SVN | SFRhub Advisors
T: 480-291-4330
tim.orscheln@svn.com
License #: SA691647000

SVN | SFRhub Advisors is pleased to present to qualified investors this 6-home SFR portfolio scattered about Phoenix MSA. The asset mix includes one two-bedroom, three three-bedroom, and two four-bedroom homes. All the homes were built between 1962-2008, with an average vintage of 1994. This portfolio has an average dwelling size of 1,169 Sq Ft and a 6,389 Sq Ft average lot size, and the average asking price per home is $550k. The seller purchased the homes one at a time over the last decade. Upon acquisition, the seller deployed the necessary capital to improve the homes. Improvements include kitchen and bath remodels, new roofs and repairs, new water heaters, new HVAC units where needed, as well as cosmetic alterations during tenant turns. The homes received updates between 2019- 2022. The homes are 100% occupied with fully vetted tenants. Many of the tenants have been in place for more than two years if not longer. Phoenix is a landlord’s market with soaring demand and vacancy rates as low as 3.8% (the lowest in 20 years). Renting in Phoenix is becoming the go-to option for residents, with 36% of households being renter-occupied. Real estate investors have noticed the blossoming opportunity, buying up more homes in Phoenix than in any other city in the country. Real estate investors and landlords aren’t too late to capitalize on this opportunity — the timing is still golden. In addition, The city fields teams in all four major professional sports leagues: The NFL’s Arizona Cardinals, NBA’s Phoenix Suns, MLB’s Arizona Diamondbacks, and NHL’s Arizona Coyotes.
 

Property Description

All homes are single-family detached 
Asset mix consists of one 2 bedroom, three 3 bedroom and 2 4-bedroom homes 
6 homes scattered in Peoria, Glendale & Sun City • Portfolio is self-managed 
Average home size of 1,658 square feet and an average vintage of 1994 
All homes were remodeled between 2019 – 2022
The average asking price is $550,000 
100% leased to fully vetted tenants • Minimal deferred maintenance 
Significant CapEx deployed throughout the portfolio 
Projected Year 1 stabilized Net Cap Rate of 3.26% 
Projected Year 1 stabilized NOI of $107,446
All SVN® Offices Independently Owned & Operated
Local Broker License Information: www.SFRhub.com/realstatelicensing

Key Property Information

Listing Status
Available
Price
$ 3,300,000
No. of Units
5
Cap Rate
3.23%
Year Built
1994
Building Size
9,948.99 Sq ft
Lot Size
38,333.00 sq ft
Opportunity Zone
No
Buy Side Fee
49.98%
Price per unit
$ 660,000
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