Project Type: 13 - 24 Units

Construction: Wood Frame

Const - Finish: Painted; Stucco; Siding

Roofing: Built-Up

Floors: Ceramic Tile; Carpet

Sale Includes: Land & Building

Community Features: Pool; Spa(s); Clubhouse; Exercise Room; Game/Rec Room; Sport Court

Exterior Amenities: Landscape Water System; Patio/Balcony

Interior Features: Furnished; Fire/Smoke Alarm(s); Fire Sprinklers

Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer

Heating: Individual; ENERGY STAR Qualified Equipment

Cooling: Ceiling Fan(s); Electric; Individual; Central Air; ENERGY STAR Qualified Equipment

Water Source: City Franchise; Individual Meter

Sewer: Sewer - Public

Electric: SRP; Individual Meter

Gas: City Gas

Parking Features: Garage; >1 Space Per Unit; Attached

Road Surface Type: Asphalt

Owner Pays: Gas; Landscaping; Pool Maintenance

Tenant Pays: Water; Sewer; Electricity; Trash Collection; Cable TV

Source of Fincl Data: Owner

Showing Notification Methods: Email

Lockbox Type: None

Existing 1st Loan: Treat as Free&Clear

Existing 1st Loan Type: Not Applicable

Existing 1st Loan Terms: Not Applicable

Existing 2nd Loan: Treat as Free&Clear

Existing 2nd Loan Type: Not Applicable

Existing 2nd Loan Terms: Not Applicable

Existing 3rd Loan: Treat as Free&Clear

Existing 3rd Loan Type: Not Applicable

Existing 3rd Loan Terms: Not Applicable

Existing Othr Ln Trm: Not Applicable

New Financing: Conventional; Other (See Remarks)

Environmental: None

The Newport features a portfolio of 17-single family detached fee-simple homes in an exclusive 38-home community located in a dynamic Tempe Town Lakes location that was built between 2015 and 2018. 16 of the 17 homes in the offering are fully furnished with designer finishes and include all living necessities for Airbnb and are on a master-lease at $3,050 per month thru 2022. The community consists of two and three-story residences that average over 1,700 square feet and include separate dens that could potentially be converted into a bedroom. Interior features include 9-foot ceilings, eat-in kitchens with Energy Star rated Kenmore stainless-steel appliances, spacious pantries, granite or quartz countertops with undermounted sinks and premium Kohler plumbing fixtures, custom cabinets, in-suite full-size washer/dryers. Units are also Cat5 Ethernet wired and include top-of-the-line lighting fixtures. Every residence has a private yard and large patio terrace. The community also features a sparkling resort-style pool and spa. Residents of The Newport can also enjoy the amenities at the North Tempe Multi-Generational Center, located directly across the street, for $25 for the year or a $1 per day. The ±30,000 square foot facility includes a fitness center, a business center/library, a gym with multiple basketball courts, community classrooms, preschool classrooms, a youth center, a teen center and a senior center.