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PHOENIX - ZERO DOWN, ZERO CLOSING, DEVELOPER LEASEBACK CONDO INVESTMENT

 
Turnkey Zero Money Down Condo Investment in Phoenix - The Fastest Growing Large City In the U.S.
Incentives
  • Developer Leaseback for 2 or 3 Years
  • Zero Down or 5% Down (depending on buyer's credit)
  • Zero Closing Costs
  • 100% of Property Taxes Paid for 2 or 3 Years
  • 100% of HOA Paid for 2 or 3 Years
  • 100% of Property Management Paid for 2 or 3 Years
  • 100% of Utilities Paid when due for 2 or 3 Years
  • 100% Home Warranty Paid for any repairs and replacements

Phoenix - College Boom Town Read New York Times Article
 
Additional Incentive Details
  • Developer enters Assured Rental Master Lease with Buyer and will pay 100% of the expenses for operating, maintaining and leasing the unit during the lease term of 2 or 3 years
  • Zero Transfer Taxes
  • Zero Points
  • Zero Prepayment Penalty
  • 100% of Title & Insurance Fees Paid
  • 100% of Condo Owners Capital Reserve Paid
  • 100% of Mortgage Recording Costs, Tax Stamps & Doc Prep Paid

Your Walk-in Equity is amongst the highest in the market

Pricing
Sq Ftg Price Rent Range
Studios 810 $165,000 $825 - 945
1 Bedroom/ 1 Bath 860 - 976 $184,000 - $232,000 $925 - 1089
2 Bedroom/ 2 Bath 1180 - 1204 $266,000 - $299,000 $1100 - 1275
3 Bedroom/ 2 Bath 1480 - 1509 $352,000 - $375,000 $1585
Incentive Details
Incentive Details Click Here for Developer Leaseback & Incentives
Credit Requirements
  • Closings in 2-3 weeks, Minimum Credit Score: 680



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Additional Incentive Details

Surrounded by eye-popping natural splendor, drenched in endless sunshine and infused with an exhilarating mix of Southwestern
charm and urban vigor, Phoenix is one of a kind. For explorers at heart, Phoenix offers infinite rewards. The colorful modern skyline conceals a bevy of intriguing historic sites. When you're ready to shop, Phoenix never disappoints. You'll find a broad range of upscale wares along Camelback Corridor and more than 100 fine art galleries in captivating Scottsdale, where Thursday-night “ArtWalks” have been a tradition for 30 years.

Phoenix also has a thriving nightlife and an eclectic mix of fine dining, from sophisticated Southwestern cuisine to exotic Asian bistros. With its unique blend of urban vibe and natural beauty, it's easy to see why Phoenix is one of the fastest growing cities in the U.S.

With an average of 300 sunny days per year, Phoenix residents have ample opportunity to explore the breathtaking works of nature that surround them. The city's most prominent natural landmark is the striking contour of Camelback Mountain, which draws thousands of admirers every year. Those seeking a more quiet environment can skip Camelback in favor of a scenic valley walk.

In all, the mountain and desert preserves winding through Phoenix total tens of thousands of acres, with trails of varying difficulty for nature enthusiasts on foot, mountain bike or horseback.Minutes from downtown Phoenix lies the esteemed Camelback Corridor,
an energetic hub of upscale shopping, dining and living.

Chic shops and fine restaurants are just a short walk away, and you're only 2 miles from the Biltmore Fashion Park, long considered one of the Southwest's premiere shopping destinations. After scoping out the latest trends, unwind with a massage or a round of golf at the nearby Arizona Biltmore Resort and Spa, known worldwide as the Jewel of the Desert. The very best of Phoenix is only moments from your doorstep.

Step inside and you'll be impressed by high ceilings, oversized closets and an inviting patio or balcony. For added convenience, many units also feature private garages.

Walk into your kitchen and the “Wow!” factor goes up a notch. Every kitchen features delicious details, including:
• Cherry wood kitchen cabinets
• Contemporary kitchen islands
• Upgraded black-on-black appliances

Whether you're preparing an intimate dinner or a holiday feast, cooking is always a treat in your fabulous Citi kitchen.

LOCATION

Experience the thrill of big city life amid the burnt orange hues of the Arizona desert. Surrounded by eye-popping natural splendor, drenched in endless sunshine and infused with an exhilarating mix of Southwestern charm and urban vigor, Phoenix is one of a kind. For explorers at heart, Phoenix offers infinite rewards. The colorful modern skyline conceals a bevy of intriguing historic sites.

When you're ready to shop, Phoenix never dissapoints. You'll find a broad range of upscale wares along Camelback Corridor and more than 100 fine art galleries in captivating Scottsdale, where Thursday-night "ArtWalks' have been a tradition for 30 years. Phoenix also has a thriving nightlife and an ecletic mix of fine dining, from sophisticated Southwester cuisine to exotic Asian bistros. With its unique blend of urban vibe and natural beauty, it's easy to see why Phoenix is one of the fastest growing cities in the U.S.

With an average of 300 sunny days per year, Phoenix residents have ample opportunity to explore the breathtaking works of nature that surround them. The city's most prominent natural landmark is the striking contour of the Camelback Mountain, which draws thousands of admirers every year. Those seeking a more quiet environment can skip Camelback in favor of a scenic valley walk. In all, the mountain and desert preserves winding through Phoeni total tens of thousands of acres, with trails of varying difficulty for nature enthusiasts on foot, mountain bike or horseback.

 

ADDRESS: Camelback Rd  Phoenix, ARIZONA  85014
                                                                       
AREA QUALITY LEVEL:  A                                     PROPERTY QUALITY LEVEL: A-    

CONVERSION  (DATE) TO CONDOMINIUM:  4/2006

SITE:  11 Acres

BUILDING DESCRIPTION : 2 two story buildings, 19 three story buildings

APARTMENT CEILING HEIGHT:    9 feet

T0TAL NUMBER OF APTS:  360                                        

INDIVIDUAL GARAGES AVAILABLE:  250     
       
APARTMENT FEATURES: Apartments include current model appliances and washers and dryers,  patios available.    

COMMON AREA AMMENITIES: full clubhouse, 24 hour fitness center, heated swimming pool, individual garages available.

SECURITYGated community with individual electronic gates
                                                  
INDIVIDUAL APARTMENT  DESCRIPTION:

    Apt               Apt             Number         Apt              Apt                     
   Type           Model             Apts        a/c sq ft     total sq ft       
1br/1bth /         A1                  72               781              860
1br/1bth /         A2                  69                889           976
2br/1bth /         B2                  6                 1078           1151                                
2br/2bth /         B1                  66           1087-1122      1209
2br/2bth /         B3                  2                1160           1242
3br/2bth /         C1                  11               1389           1480
3br/3bth /         C2                  3                 1460           1673

TOTAL UNITS: 229

 

* Note: Information provided by Sellers representative

Phoenix Overview

As of 2007, Phoenix's population is 1,512,986 people. Since 2000, it has had a population growth of 14.53 percent. See all of our Phoenix demographic data.
The median home cost in Phoenix is $344,100. Home appreciation the last year has been -3.08 percent. Find more data on Phoenix Real Estate.
Compared to the rest of the country, Phoenix's cost of living is 4.23% Higher than the U.S. average. See our full report on Phoenix Cost of Living.
Phoenix public schools spend $4,660 per student. The average school expenditure in the U.S. is $6,058. There are about 18 students per teacher in Phoenix. Learn about Phoenix Schools and Education.
The unemployment rate in Phoenix is 3.10 percent(U.S. avg. is 4.60%). Recent job growth is Positive. Phoenix jobs have Increased by 3.32 percent. See our full report on Phoenix Economy.

Phoenix Arizona Census and demographic information

 

 

Summary - Age, Sex, Race

 

 

 

More Census Data:

 

 

 

 

Social Demographics - School, Marital, Ancestry

Economic - Employment, Income, Industry

Housing - Occupancy, Mortgage, Rent

 

Profile of General Demographic Characteristics: 2000
Geographic Area: Phoenix city
 


Subject

Number

Percent

 

Subject

Number

Percent


    Total population

1,321,045

100.0%

 

HISPANIC OR LATINO AND RACE

 

 

 

 

 

 

    Total population

1,321,045

100.0%

SEX AND AGE

 

 

 

Hispanic or Latino (of any race)

449,972

34.1%

Male

671,760

50.9%

 

  Mexican

375,096

28.4%

Female

649,285

49.1%

 

  Puerto Rican

5,089

0.4%

 

 

 

 

  Cuban

1,952

0.1%

Under 5 years

114,516

8.7%

 

  Other Hispanic or Latino

67,835

5.1%

5 to 9 years

111,367

8.4%

 

Not Hispanic or Latino

871,073

65.9%

10 to 14 years

99,471

7.5%

 

  White alone

736,844

55.8%

15 to 19 years

97,425

7.4%

 

 

 

 

20 to 24 years

103,873

7.9%

 

RELATIONSHIP

 

 

25 to 34 years

227,481

17.2%

 

    Total population

1,321,045

100.0%

35 to 44 years

211,442

16.0%

 

In households

1,298,577

98.3%

45 to 54 years

157,615

11.9%

 

  Householder

465,834

35.3%

55 to 59 years

52,623

4.0%

 

  Spouse

218,516

16.5%

60 to 64 years

38,437

2.9%

 

  Child

408,328

30.9%

65 to 74 years

58,309

4.4%

 

    Own child under 18 years

329,177

24.9%

75 to 84 years

36,879

2.8%

 

  Other relatives

106,103

8.0%

85 years and over

11,607

0.9%

 

    Under 18 years

40,794

3.1%

 

 

 

 

  Nonrelatives

99,796

7.6%

Median age (years)

30.7

(X)

 

    Unmarried partner

34,849

2.6%

 

 

 

 

In group quarters

22,468

1.7%

18 years and over

938,610

71.1%

 

  Institutionalized population

12,948

1.0%

  Male

475,454

36.0%

 

  Noninstitutionalized population

9,520

0.7%

  Female

463,156

35.1%

 

 

 

 

21 years and over

877,536

66.4%

 

HOUSEHOLD BY TYPE

 

 

62 years and over

128,552

9.7%

 

    Total households

465,834

100.0%

65 years and over

106,795

8.1%

 

Family households (families)

307,243

66.0%

  Male

44,476

3.4%

 

    With own children under 18 years

166,357

35.7%

  Female

62,319

4.7%

 

  Married couple family

218,516

46.9%

 

 

 

 

    With own children under 18 years

113,190

24.3%

RACE

 

 

 

  Female householder, no husband present

59,949

12.9%

One race

1,277,769

96.7%

 

    With own children under 18 years

37,656

8.1%

  White

938,853

71.1%

 

Nonfamily households

158,591

34.0%

  Black or African American

67,416

5.1%

 

  Householder living alone

118,422

25.4%

  American Indian and Alaska Native

26,696

2.0%

 

    Householder 65 years and over

29,249

6.3%

  Asian

26,449

2.0%

 

 

 

 

    Asian Indian

4,481

0.3%

 

Households with individuals under 18 years

185,126

39.7%

    Chinese

5,761

0.4%

 

Households with individuals 65 years and over

78,292

16.8%

    Filipino

4,757

0.4%

 

 

 

 

    Japanese

1,728

0.1%

 

Average household size

2.79

(X)

    Korean

1,877

0.1%

 

Average family size

3.39

(X)

    Vietnamese

5,301

0.4%

 

 

 

 

    Other Asian1

2,544

0.2%

 

HOUSING OCCUPANCY

 

 

  Native Hawaiian and Other Pacific Islander

1,766

0.1%

 

    Total housing units

495,832

100.0%

    Native Hawaiian

498

0.0%

 

Occupied housing units

465,834

93.9%

    Guamanian or Chamorro

358

0.0%

 

Vacant housing units

29,998

6.1%

    Samoan

375

0.0%

 

  For seasonal, recreational, or occasional use

4,545

0.9%

    Other Pacific Islander2

535

0.0%

 

 

 

 

  Some other race

216,589

16.4%

 

Homeowner vacancy rate (percent)

1.4%

(X)

Two or more races

43,276

3.3%

 

Rental vacancy rate (percent)

7.9%

(X)

 

 

 

 

 

 

 

Race alone or in combination with one or more other races:3

 

 

 

HOUSING TENURE

 

 

White

975,418

73.8%

 

    Occupied housing units

465,834

100.0%

Black or African American

76,065

5.8%

 

Owner-occupied housing units

282,670

60.7%

American Indian and Alaska Native

35,093

2.7%

 

Renter-occupied housing units

183,164

39.3%

Asian

33,194

2.5%

 

 

 

 

Native Hawaiian and Other Pacific Islander

3,470

0.3%

 

Average household size of owner-occupied unit

2.89

(X)

Some other race

243,358

18.4%

 

Average household size of renter-occupied unit

2.63

(X)


THE TOTAL SUM OF THE “INCENTIVES” PROVIDED TO EACH BUYER, INCLUDING PAYMENT OF CLOSINGS COSTS WHERE APPLICABLE AND ALL PAYMENTS TO THE BUYER/LANDLORD UNDER THE TERMS OF THE MASTER LEASE, AS WELL AS ALL BROKERAGE COMMISSIONS PAID BY THE SELLER, ARE APPROXIMATELY THIRTY-THREE (33%) PERCENT OF THE GROSS SALES PRICE (PAID BY THE BUYER) AND ARE RECEIVED BY THE SELLER IN WHOLE OR IN PART AS A CASH DISCOUNT TO HIS PURCHASE PRICE FROM THE ORIGINAL DEVELOPER/SPONSOR
 
 
 
 
* - NOTICE: Projected financials are NOT a guarantee of future performance. All property specific information conveyed through this website is provided by third-party sources and is believed to be valid, however this company makes no claims to the accuracy of information presented herein. You are advised to refer to state mandated documents provided by the selling party for specific details related to your real estate purchase

This is not intended to be an offer to sell nor a solicitation of offers to buy real estate for any of the properties listed on this site for residents of states that are not eligible to purchase property in said locations (unless registered or exemptions are available) or in any other jurisdiction where prohibited by law

             
Phone :
800-859-9815
 
email :
sales@reinalliance.com