There are many places to consider buying an investment property in the Phoenix Metro area. One great place to consider is the village of Ahwatukee Buying an investment property in Ahwatukee can have great rental rates and appreciation.
❓ Where is Ahwatukee?
Ahwatukee is one of the villages of the city of Phoenix. It is located west of I-10 and on the south side of the famous South Mountain. The village is in the southernmost part of the city of Phoenix. Ahwatukee is the community north of the new Loop 202 Freeway also known as the South Mountain Freeway.
If you are considering buying an investment property in Ahwatukee you may want to look at a great opportunity now to purchase in the highly desirable village of Ahwatukee.
This community is located in the highly desirable Kyrene School District. When buying real estate, you always want to consider the schools. Even if you don’t have school-age children, homes in communities with desirable schools always do better for resale. An investment property will provide you a passive income from the rents. You will also build equity over time as the property appreciates.
? Should I Buy an Investment Property in Ahwatukee?
This community is located conveniently to freeways for ease in getting around the valley. It is 15 min to Sky Harbor airport. Depending on traffic, you ca get downtown in less than 30 minutes. This upscale community has homes in all price ranges, single-family homes as well as condos and townhouses.
There is even an adult community area within Ahwatukee. Ahwatukee has plenty of shopping as well as a movie theater. The average household income in Ahwatukee is $121,291 per year.
The completion of the South Mountain Freeway has been a huge benefit to Ahwatukee. This freeway connects Ahwatukee with the west side of the valley. This freeway continues the westbound 202 freeway from the Chandler / Gilbert area around to Interstate 10 on the west side of the valley. The new South Mountain Freeway ends at 59th Ave in Laveen. Now Ahwatukee is easily accessible from the far west side of the valley.
⛰️ What is the New South Mountain Freeway Impact on Buying an Investment Property?
The completion of the South Mountain Freeway has been a huge benefit to Ahwatukee. This freeway connects Ahwatukee with the west side of the valley. This freeway continues the westbound 202 freeway from the Chandler / Gilbert area around to Interstate 10 on the west side of the valley. The new South Mountain Freeway ends at 59th Ave in Laveen. Now Ahwatukee is easily accessible from the far west side of the valley.
?️ What Types of Homes Are Available in Ahwatukee?
In Ahwatukee, you will find single-family homes, condos, and townhouses. Condos and townhouses include exterior building and grounds maintenance in the monthly HOA dues.
Also, with Phoenix being in a desert, desert landscaping abounds! This is typically made up of rock and low maintenance desert plants.
Buyers will also notice the very low Home Owner Association (HOA) fees. For Example, Moutain Park Ranch HOA fees are only $25 per month or $150.00 semiannually. This is much lower than you typically find in other communities such as Scottsdale, Chandler, Gilbert, or Tempe.
A great advantage for Mountain Park Ranch HOA are the three community pools and spas. Investors can offer their renters the advantage of community pools without the upkeep on the property!
⛰️ Should I Do Due Diligence for Renters When you Buy An Investment Property?
With most rentals, you have to conduct background and credit checks to make sure you have a tenant who is in good standing and will pay the rent. With the builder as the tenant the owner can feel confident the rent check will show up every month and on time and if repairs are needed will have the resources and desire to keep the house in great shape. At the end of the lease, a model perfect home is yours!
You may also be interested in more information about HOA Fees.
Have you thought about investing in real estate using your IRA or 401K funds? Did you know you could purchase a home, such as any of the model homes, with your retirement money (no out of pocket expense to you personally) and have the equity you gain to remain in your retirement account?
? What are the Schools for Ahwatukee?
Whether buying or renting, having highly rated schools for their children to attend is very important to parents. Ahwatukee is home to the highly-rated Kyrene School District.
The high schools in Ahwatukee are part of Tempe Union Schools. Also, the resale of homes in top school districts brings top dollars. There are Charter and Private schools in Ahwatukee as well.
This would be a self-directed IRA account. Wise investors are looking to diversify their retirement income potential. A self-directed IRA investing in real estate may be just the tool for you. To find out more about how I can help you purchase an investment property in Ahwatukee or other communities using your Retirement funds, give me a call.
You may also be interested in reading the Phoenix Market report for July 2020.
? Phoenix Homes on the Market in the last 7 days $250,000 – $350,000
Call or Text: 602-770-0643 for more Real Estate Information. scoomer@kw.com
