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1220 N 44th St, Phoenix, Arizona 85008

1788

Bedrooms

Utilities Included

Bathrooms

Furnished

Available to Lease on

ASAP

Property Type

Apartment

SQFT

1100

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Key metrics

Rent

1787.5

Monthly Estimated Profit^?

2738

Annual Estimated Profit^?

32856

Acquisition Fee

2500

Security Deposit

650

Average Daily Rate

232

Occupancy

68%

Annual Revenue

57900

Key Features

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

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:

Registration and Permitting: Operators must register with the city and obtain a STR permit, which costs $250 for initial application and renewal3.
Insurance: Maintain liability insurance coverage of at least $500,000 per property1.
Display of Permit: The STR permit/license number must be displayed on all advertisements for the rental3.
Neighbor Notification: Operators must inform adjacent properties of their intent to operate an STR3.
Prohibited Uses: STRs cannot be used for large events like parties or weddings1.
Penalties: Violations can result in fines ranging from $500 for the first offense to $3,500 for the third offense1.
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 suspension1 3