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18220 N 68th St, Phoenix, Arizona 85054
$
2665
Bedrooms
2
Utilities Included
No
Bathrooms
2
Furnished
No
Available to Lease on
ASAP
Property Type
Apartment
SQFT
1070
Talk to STR Exchange
Key metrics
Rent
$
2665
Monthly Estimated Profit?
$
3285
Annual Estimated Profit?
$
39420
Acquisition Fee
$
2500
Security Deposit
$
2665
Average Daily Rate
$
270
Occupancy
75%
Annual Revenue
$
75000
Key Features

Property Description:

Luxury living at 18220 N 68th St, Phoenix, AZ 85054, featuring modern 1- and 2-bedroom apartments with high-end finishes and resort-style amenities. Located just 2 miles (approximately 5 minutes) from the Fairmont Scottsdale Princess Golf Course and major shopping and entertainment hubs, with easy access to Loop 101.

This prime location is 22 miles (approximately 25 minutes) from downtown Phoenix, providing the perfect mix of suburban tranquility and city convenience.

Investment Highlights

  • 2-Bedroom, 2-Bathroom Units: Rent: $2,665 | Annual Revenue: $75,000+ | Monthly Profit: $3,285+
  • 1-2 Bedroom Units Available
  • Up to 8 weeks free rent on select units
  • Utilities not included
  • Monthly Amenity Fee: $99
  • Carport Fee: $50/month

Apartment Features

  • Smart home package (door locks, thermostats, lights, sensors)
  • Marble-style quartz countertops & waterfall kitchen island
  • Designer matte black fixtures
  • Glass-enclosed showers with rainfall showerheads
  • LED-powered mirrors with defogging capabilities
  • Cafe series appliances & built-in wet bar
  • In-home full-size washer & dryer
  • Oversized closets & pantry (select units)
  • Personal balcony & high ceilings (select units)
  • Hardwood-style plank flooring
  • Surround sound & Bluetooth connectivity (select units)
  • Wheelchair access (select units)
  • Attached & detached garages with tandem parking are available

Community Amenities

  • Heated resort-style pool & spa-inspired hot tub
  • Sundeck with poolside cabanas
  • Sky deck with gorgeous views
  • Courtyard with fire features
  • Outdoor kitchen & gourmet BBQ grilling stations
  • Theater-style seating with multi-screen entertainment
  • Pizza oven & coffee bar
  • Resident clubhouse & business center with rentable co-work spaces
  • Dog park run & pet-washing station
  • Gated community with controlled access & key fob entry
  • 24-hour fitness center & free weights area
  • On-site management & 24-hour emergency maintenance
  • Door-to-door valet trash & recycling
  • National Green Building Standard-certified

Rental Terms & Fees

  • Lease Length: 1 Year+
  • Security Deposit: Based on application
  • Monthly Amenity Fee: $99
  • Carport Fee: $50/month
  • Pet Policy: Up to 2 pets per apartment | $50/month per pet | $350 one-time pet fee

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:

  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

Property Location

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