Rare portfolio package of 5 turn-key high-rise residential condos, currently operating as a short-term rentals. Package-offering includes 3 condo's and 2 penthouses in The Embassy high-rise, 805 N 4th Ave, PH2, PH4, 504, 302, and 204 for a combined price of $2,195,000. Considering the unit rental history(s), if professionally managed as short-term rental homes, the expected yearly gross rental income is $325,000. Monthly HOA fee includes all utilities, including electricity, gas, internet, water/sewer, community amenities, security, and parking. The building is a residential structure; however, allows short-term rentals, Airbnb's, and VBRO's. Prime location, in the desirable, vibrant downtown Phoenix neighborhood of Roosevelt Row! All 5 units come furnished. Turn-key investment. Close to everything: First Friday, restaurants, bars, museums, galleries, music venues, parks, sporting events, concerts, movies, two metro stations, and more! Building amenities include On-site security, 24-hour access to the community fitness center, lounge & billiard room, signature sky-deck community pool overlooking downtown Phoenix.
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Listing information last updated on October 19th, 2021 at 7:48pm MST.