Chandler Single-Family Rental
Purchased in January 2019, this 4,000+ square foot single-family rental is located in a sought-after neighborhood of the fast-growing city of Chandler, Arizona. Chandler is in the Phoenix Metropolitan Statistical Area which has consistently ranked top 5 for growth by Crescent Sky’s proprietary model in the past several years.
At purchase, the property was 15 years old and in need of light improvements and upgrades and therefore Crescent Sky was able to purchase the property at a slight discount to the market. A light renovation program commenced including painting, landscaping, replacing carpets, and repairing the pool.
Location: Chandler, AZ
Business Plan: Opportunistic investment in growth market
Investment Type: Partner Investment
Market: Suburban Phoenix, AZ
Property Type: Single Family Rental