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11444 N 21st Dr - Portfolio 44 Single-Family Homes in Phoenix

1,505 SF Specialty Building Offered at $14,000,000 at a 6% Cap Rate in Phoenix, AZ 85029

Investment Highlights

  • Portfolio of 44 single-family dwellings in the Phoenix area has an excellent rental history
  • The owner has held all 44 properties for over 13 years
  • Managed by Phoenix RE Agency who holds a complete rental record of all properties going back 8 years
  • There has been strong rental growth in Phoenix over the past several years, and that is likely to continue

Executive Summary

Portfolio of 44 single-family dwellings in the Phoenix area has an excellent rental history

Property Facts

Price $14,000,000
Price Per SF $9,302
Sale Type Investment
Cap Rate 6%
Sale Conditions Bulk/Portfolio Sale
Property Type Specialty
Property Subtype Residential Income
Building Class B
Lot Size 0.13 AC
Building Size 1,505 SF
No. Stories 1
Year Built/Renovated 1942/2007
Opportunity Zone Yes

Amenities

  • Property Manager on Site
  • Smoke Detector

zoning

Zoning Code R (Residential)
R (Residential)
  • Listing ID: 32707317

  • Date on Market: 8/6/2024

  • Last Updated:

  • Address: 11444 N 21st Dr, Phoenix, AZ 85029

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