Property Description: INQUIRE for Lease SPECIALS

Welcome home to Urban Connected Apartments, a luxurious, conveniently located community near Highway 202 and 143 in Phoenix, AZ. Designed with elegance, beauty, and modern comfort, this community offers expansive one-, two, and three-bedroom apartment homes with renovated interiors, stainless steel appliances, and private fenced-in yards.

Situated just 7 miles (approximately 15 minutes) from downtown Phoenix, this centralized location provides easy access to top shopping, dining, and entertainment venues, along with walking distance to public transit.

With a maximum of 8+ units available for lease, this is a fantastic investment opportunity with high monthly profits and attractive rental rates.

Features

Inside the Unit:

• Flat-Rate Utility Package (Utilities billed separately)
• Newly Renovated Interiors
• Stainless Steel Appliances
• Fully Equipped Kitchens
• Elegant Quartz Countertops
• Modern Tile Flooring
• Upgraded Fixtures & Finishes
• Private Fenced-In Yards
• Large Floor Plan Layouts

Community Amenities

• Sparkling Pool & Sundeck
• Fully Equipped Fitness Center
• Laundry Center
• Controlled Access/Gated Community
• Clubhouse
• Shaded BBQ Area & Community Garden
• Walking Distance to Public Transit
• Easy Freeway Access
• Designated Dog Park & Fire Pit Area

Earnings Highlights

Three-bedroom, Two-Bathroom Units (1,100 sqft)

• Annual Revenue: $57,900 per unit
• Rent Ranges: $1,787.50 – $2,080
• Monthly Profit Ranges: $2,575 – $2,738

Two-Bedroom, One-Bathroom Units

• Annual Revenue: $41,300 per unit
• Rent Ranges: $1,397.92 – $1,507.92
• Monthly Profit Ranges: $1,675 – $1,785+

One-Bedroom Units Available

• Contact for details

Pet Policy

• Maximum of 2 pets allowed
• One-time Fee: $300
• Pet Rent: $35/month per pet
• Max weight limit: 40 lbs (breed restrictions apply)

Rental Terms & Fees

• Max Number of Units for Lease: 8+
• Lease Length Options: 1 Year+
• Application Fee: $50
• Admin Fee: $150
• Security Deposit: $650 per unit
• Utilities: Billed separately by the building (not included in rent)
• Preferred Employer Discounts Available for:
  
  • Active Military
  • Current Students
  • Educators
  • Law Enforcement
  • Hospital Employees

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