14 Home SFR Investment Portfolio Phoenix, AZ

Highlights:

• All homes are single-family detached
• Asset mix consists of seven 3 bedroom and seven 4 bedroom
• 14 homes scattered in Peoria, Phoenix and Sun City
• Portfolio is self-managed
• Average home size of 1,853 square feet and an average vintage of 2002
• All homes were remodeled between 2013-2022
• The average asking price is $428,000
• 100% leased to fully vetted tenants
• Minimal deferred maintenance
• Significant CapEx deployed throughout the portfolio
• Projected Year 1 stabilized Net Cap Rate of 4.25%
• Projected Year 1 stabilized NOI of $91,003
• All SVN® Offices are Independently Owned & Operated
• Local Broker License Information: www.SFRhub.com/realestatelicensing

Description:

Visit www.SFRhub.com and search for portfolio 101080 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
Visit www.SFRhub.com and search for portfolio 101045 for more information. 

SVN | SFRhub Marketplace is excited to present a 14-home SFR portfolio available for qualified investors in Peoria, AZ. This portfolio comprises seven three-bedroom and seven four-bedroom homes, all built between 1996 and 2007, with an average construction year of 2002. The homes, averaging 1,853 square feet of living space and 6,690 square feet of lot size, have undergone renovations between 2013 and 2022.

The seller has carefully acquired these homes individually over the years and invested in substantial improvements, including kitchen and bathroom remodels, roof repairs, new water heaters, and HVAC unit replacements where necessary. The properties are fully occupied by vetted tenants, with many having long-term tenancy exceeding two years.

Peoria, Arizona, with a population of 190,985 and 44 distinct neighborhoods, ranks as the eighth largest city in the state. While Peoria’s real estate market is among the priciest in Arizona, it remains more affordable than the nation’s most expensive areas. The city’s workforce is diverse, encompassing both white-collar and blue-collar jobs, particularly in office support, sales, and management.

Quality of life in Peoria is enhanced by the Lake Pleasant Regional Park, a 23,000-acre haven offering activities such as boating, fishing, water skiing, kayaking, camping, and even scuba diving.

The Phoenix-Mesa-Chandler metro area, often simply referred to as the Phoenix metro, is a dynamic and rapidly growing region. As of 2024, its population stands at approximately 5,015,678, making it one of the fastest-growing metropolitan areas in the United States​. This growth is driven by a combination of economic opportunities, a favorable climate, and a relatively lower cost of living compared to other major U.S. cities.

Economically, the Phoenix metro area is a hub of diverse industries, including technology, manufacturing, healthcare, and finance. The region has seen significant investments from tech giants like Intel, which continues to expand its operations in Chandler, contributing to the area’s reputation as a burgeoning tech hub. Additionally, the healthcare sector is robust, with major players like Banner Health and the Mayo Clinic providing extensive services and employment opportunities.

The real estate market in Phoenix has been particularly vibrant. The median home value in the metro area is approximately $454,000​. Over the past five years, the region has experienced a substantial increase in home prices, rising from around $280,000 in 2019. This surge is largely attributed to the high demand and limited supply of housing, driven by the influx of new residents and businesses​.

Rental prices in the Phoenix metro have also seen significant increases. As of 2024, the year-over-year rent increase is around 25.4%. This sharp rise reflects the high demand for rental properties, particularly as many new residents seek temporary housing before purchasing homes. The total number of renter-occupied homes in the region is approximately 257,538 units, accounting for about 44% of the total housing units​.

The median household income in Phoenix is approximately $82,884​, which aligns closely with the national average. This income level, combined with the rising cost of housing, indicates a competitive but accessible market for many residents.

Overall, the Phoenix metro area continues to attract new residents and businesses, contributing to its dynamic growth and economic development. With its diverse economy, expanding real estate market, and increasing population, Phoenix is poised for continued prosperity in the coming years.