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5-PROPERTY LEASED-FEE PORTFOLIO
Tempe, AZ West Tempe

$1,100,000 USD

Multifamily For Sale  •  2,882 SF

1 Properties View all

Property Details

  • Property Type Multifamily
  • Zoning M-M
30 Transit Score
50 Walk Score

Highlights

Leased-fee (lessor) interest in five residential ground leases — own the land and the income, not the operating costs
In-place ground rent of ~$31,707/year, absolute-net, increasing 17.5% every five years by contract
~$3.26M estimated underlying fee value versus the $1,100,000 portfolio price
93–97 years remaining; land and improvements revert to the owner at lease end
100% occupied by unrelated, third-party lessees — stable, in-place income
No property tax, insurance, maintenance, or management burden on the owner

Property Flyers

Public Transportation

AirportDriveWalkDistance
Phoenix Sky Harbor International 14 min - 7.4 mi
Phoenix-Mesa Gateway 32 min - 22.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 4
Type: Surface
Included in Rent: Yes
Aaron Gutierrez 602-396-8004 ROI Properties, LLC
Aaron Gutierrez 602-396-8004 ROI Properties, LLC