5 PROPERTY LEASED-FEE PORTFOLIO --, Scottsdale, AZ 85254
5 PROPERTY LEASED-FEE PORTFOLIO --, Scottsdale, AZ 85254
5 PROPERTY LEASED-FEE PORTFOLIO --, Scottsdale, AZ 85254
5 PROPERTY LEASED-FEE PORTFOLIO --, Scottsdale, AZ 85254
5 PROPERTY LEASED-FEE PORTFOLIO --, Scottsdale, AZ 85254
5 PROPERTY LEASED-FEE PORTFOLIO --, Scottsdale, AZ 85254
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$ 1,100,000
Est. payment | /mo

0.82 Acres Lot


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$ 1,100,000
Est. payment | /mo
Save

0.82 Acres Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 7051097

Year Built 1957

Lot Size 0.819 Acres

Acres 0.82

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

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.

Location

State AZ

County Maricopa

Area Maricopa

Zoning R-3, R-2, RM-3

Interior

Heating See Remarks

Cooling See Remarks

Flooring Other

Exterior

Parking Features See Remarks

Fence See Remarks

Roof Type See Remarks

Private Pool No

Building

Dwelling Type Other (See Remarks)

Sewer See Remarks

Water See Remarks

New Construction No

Others

Senior Community No

Tax ID 215-36-102

Disclosures Other (See Remarks)

Arizona Regional MLS (ARMLS)
Listed by R.O.I. Properties • Aaron Gutierrez

Nearby Locations

Andrew Monaghan

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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5 PROPERTY LEASED-FEE PORTFOLIO --