5 Property Leased-Fee Portfolio --, Scottsdale, AZ 85254
- $1,100,000
- 11,034
- SqFt
- List Price
- $1,100,000
- Days on Market
- 20
- Status
- ACTIVE
- MLS#
- 7051097
- City
- Scottsdale
- Living SQFT
- 11,034
- Lot Size
- 35,657
- Year Built
- 1957
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.
/u.realgeeks.media/lalasmithhomes/Logo.png){kind=logo}
Additional Information
- Acres
- 0.82
- Construction
- See Remarks
- Cooling
- See Remarks
- Fencing
- See Remarks
- Flooring
- Other
- Heating
- See Remarks
- Living Area
- 11,034
- Lot Size
- 35,657
- Parking Features
- See Remarks
- Roofing
- See Remarks
- Sewer
- See Remarks
- Water
- See Remarks
- Zoning
- R-3, R-2, RM-3
Mortgage Calculator
Listing courtesy of R.O.I. Properties.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.