Airbnb Arbitrage Opportunity available in April! Rent this entire 4-plex located walking distance to downtown Gilbert. $1800 per month, per unit. The last Airbnb host to use the apartments has been here for 3 years and had enough success to launch a new career in independent hotel acquisitions (Me). The landlord has agreed to work with someone new under the following conditions: 3 year lease, with 3% increase per year $1800 per month, per unit (landlord is open to lower rent in the slow summer months so long as it averages out to $1800 per month.) Landlord takes care of landscaping and building maintenance. Tenant is responsible for utilities, trash, water, etc. ($250 per month for whole complex usually) Building comes with all furniture shown in the current listings as a signing bonus including all pictures, cleaning products, linens, etc. While used, replacing it new would cost $25k. This means you'll be able to launch your business with little to no money down! Current operator to provide 5 hours of free consulting. Apartments are pet friendly with small enclosed yards and have in-unit laundry. Prospective Tenant must have good credit (above 650)
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
