As a result of our huge activity in AZ in the last 2 years, many of you are still asking about investments in that specific area.
So while we work on our upcoming inventory in Indianapolis (stay tuned!) we are still looking into AZ properties, in the areas sorrounding Phoenix.
Florence, AZ is a quiet little town 60 miles SE of Phoenix. Main employer used to be a big prison, Pinal County's offices and the Pinal School District but in the last few years some retirement communities have sprung around and this year a brand new Medical Center with 300 employees has opened. As a result, Florence is GROWING.
There's 2 houses being offered for sale in Florence, built in 2005 and 2006 in golf communities for just under $100K!
This is where the medical staff will be renting!
Rents:
$900 for the 4bedrooms/2bath, 1540sqf
$1000 for the 4 bedrooms/3 bath, 2200sqf.
Estimated monthly expenses (including property taxes, insurance, HOA and property management: $250.
Estimated monthly cash flow: $650-$750.
More about the new State of the Art Medical Center:
http://www.fhanthem.com/
Contact me for additional information on these properties.
Yours,
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