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10832 N 37th St, Phoenix, Arizona, 85028
$
4825
Bedrooms
4
Utilities Included
No
Bathrooms
2
Furnished
Yes
Available to Lease on
TBD
Property Type
Single Family
SQFT
2183
Key metrics
Rent
$
4825
Monthly Estimated Profit?
$
492
Annual Estimated Profit?
$
5900
Acquisition Fee
$
3500
Security Deposit
$
TBD
Average Daily Rate
$
274
Occupancy
64
Annual Revenue
$
63800
Key Features

This beautifully renovated 4-bedroom, 2-bathroom home is ideal for corporate housing, offering flexible leasing options including explicit subleasing for Airbnb arbitrage tenants. With the option to be delivered fully furnished, this property is perfect for professionals seeking a comfortable and stylish living space. Its prime location near the PV Mall redevelopment and major freeways ensures easy access to local attractions and convenient commuting.

The property boasts a massive backyard complete with a pool and fire pit, providing a serene escape for relaxation or entertaining. The primary bedroom features a private exit to the backyard, an ensuite bathroom with dual sinks, and a spacious walk-in shower. With an oversized living room and ample storage in the laundry room, this home is designed to meet the needs of busy professionals and families alike.

Important Notes

Ownership group is open to Airbnb arbitrage tenants. No smoking property. Tenant is responsible for all utilities and pool/yard care. No HOA.

Property Features

• 4 Bedrooms / 2 Bathrooms: Spacious layout with modern amenities
• In Unit Laundry: Convenient laundry room off the kitchen
• Backyard Pool: Perfect for relaxation and entertainment
• Primary Bedroom Suite: Private exit, dual sinks, walk-in shower
• Proximity to Freeways: Easy access for commuting

STR Regulations Summary:  

Status:
STR Friendly

View Regulations Here

Phoenix, Arizona allows non-owner occupied short-term rentals (STRs) but has implemented regulations to govern their operation. As of January 15, 2024, all STR operators in Phoenix must obtain a permit from the city3. This applies to both owner-occupied and non-owner occupied properties.Key regulations for non-owner occupied STRs in Phoenix include:

  1. Registration and Permitting: Operators must register with the city and obtain a STR permit, which costs $250 for initial application and renewal3.
  2. Insurance: Maintain liability insurance coverage of at least $500,000 per property1.
  3. Display of Permit: The STR permit/license number must be displayed on all advertisements for the rental3.
  4. Neighbor Notification: Operators must inform adjacent properties of their intent to operate an STR3.
  5. Prohibited Uses: STRs cannot be used for large events like parties or weddings1.
  6. Penalties: Violations can result in fines ranging from $500 for the first offense to $3,500 for the third offense1.
  7. Taxes: STR operators must pay a combined tax rate of 12.57% for all state, county, and city taxes5.

Phoenix's regulations are considered relatively host-friendly compared to other major U.S. cities, as they do not restrict non-owner occupied STRs6. However, operators must comply with all city ordinances to avoid penalties and potential permit suspension13

Property Location