5 PROPERTY LEASED-FEE PORTFOLIO --
Scottsdale, AZ 85254
About
This is a rare opportunity to acquire the leased-fee (lessor) interest in a five-property residential ground-lease portfolio across Scottsdale, Tempe, and Mesa -- three single-family homes, one triplex, and one fourplex, ten residential units in total. The owner holds the land and collects an in-place ground rent of approximately $31,707 per year that increases 17.5% every five years by contract. The leases are absolute-n: the lessees pay all property taxes, insurance, maintenance, and capital costs, leaving the owner with no operating responsibilities. Roughly 93 to 97 years remain on the 99-year terms, at the end of which the land and all improvements revert to the owner at no cost.
Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1957
Sq.Footage
11,034
Features
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Heating YN
YES
-
Heating
See Remarks
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
See Remarks
-
Parking
See Remarks
-
Pool
No
Area & Lot
-
Lot Size(acres)
0.82
-
Lot Size(square feet)
35,657
-
Property Type
Commercial Sale
Price
-
Sales Price
$1,100,000
-
Sq. Footage
11,034
-
Price/SqFt
$99
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Ownership
Fee Simple
-
Tax Lot
-
-
Water Source
See Remarks
Schedule
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Principal and Interest:
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Property taxes:
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HOA fees:
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Total interest amount:
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Location
-
County
Maricopa
-
Elementary School
-
Middle School
-
High School
Listing Courtesy of Aaron Gutierrez , R.O.I. Properties
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Tamara Berveiller
Agent / Realtor®
Call Tamara today to schedule a private showing.
Phone (520) 508-7955
Email Tamara@MandyGoldTeam.com
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