100800 . 8 Home SFR Phoenix AZ

100800 . 8 Home SFR Phoenix AZ Phoenix, AZ 85008

100800 . 8 Home SFR Phoenix AZ, Phoenix, AZ, 85008
100800 . 8 Home SFR Phoenix AZ, Phoenix, AZ, 85008 100800 . 8 Home SFR Phoenix AZ, Phoenix, AZ, 85008 100800 . 8 Home SFR Phoenix AZ, Phoenix, AZ, 85008
FOR SALE
Property Type:
Other Residential
Amount:
$3,399,000
Cap Rate:
5.34%
Last Verified:
Jun 24, 2021

Visit www.SFRhub.com and search for portfolio 100800 for more information. Uptown on Yale is a new construction 8 unit attached townhome project ideally located in a transitioning Central / East Phoenix neighborhood, just south of Thomas and 28th Street, with massive potential upside in both rents and values. All homes are fee simple, granting greater optionality at future exit, whether it is selling one home at a time or a whole community. The average lot size is 1337/sf, offering spacious 3-Bed and 2.5-Bath homes all at 1,447/SF. Homes are being finished with granite countertops, whirlpool appliance packages, wood plank tile flooring, carpet in the bedrooms, and all come with two-car garages. Uptown on Yale gives an investor an excellent opportunity to acquire these homes as well as gain access to a future pipeline the Developer / Builder is currently developing in metro-Phoenix. This particular asset is poised to see significant value growth over the next few years. According to John Burns Real Estate Consulting, Phoenix home values are predicted to increase over 20% in the next few years and 14% rental rate increases are predicted in the same time frame. We have conservatively modeled this new construction opportunity at a 5.34% cap rate with stabilized year 1 rents and net operating income at $181,471. Hard to find better returns in any other stable and performing asset classes in the Phoenix market today. Local Broker License Information: http://www.sfrhub.com/realstatelicensing All SVN® Offices Independently Owned & Operated

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.