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11 photos
Additional details
$1,100,000
Est. payment /mo
0.82 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 7051097
Year Built 1957
Lot Size 0.819 Acres
Acres 0.82
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
This is a rare opportunity to acquire the leased-fee (lessor) interest in a five-property residential ground-lease portfolio across Scottsdale, Tempe, and Mesa -- three single-family homes, one triplex, and one fourplex, ten residential units in total. The owner holds the land and collects an in-place ground rent of approximately $31,707 per year that increases 17.5% every five years by contract. The leases are absolute-n: the lessees pay all property taxes, insurance, maintenance, and capital costs, leaving the owner with no operating responsibilities. Roughly 93 to 97 years remain on the 99-year terms, at the end of which the land and all improvements revert to the owner at no cost.
Location
State AZ
County Maricopa
Area Maricopa
Zoning R-3, R-2, RM-3
Interior
Heating See Remarks
Cooling See Remarks
Flooring Other
Exterior
Parking Features See Remarks
Fence See Remarks
Roof Type See Remarks
Private Pool No
Building
Dwelling Type Other (See Remarks)
Sewer See Remarks
Water See Remarks
New Construction No
Others
Senior Community No
Tax ID 215-36-102
Disclosures Other (See Remarks)
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Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Listed by R.O.I. Properties • Aaron Gutierrez
Nearby School & Business
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Jason Serikaku
Team Lead | Realtor® | SASA659882000
Team Lead | Realtor® SASA659882000
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