Browse the most current Colorado Riverfront Homes, and Condos listings for sale along Arizona's Colorado River. The post Here’s Proof Affordability Can Be Awesome: 10 Homes Under $100K appeared first on Real Estate News and Advice - realtor. 00, with the most expensive house in Phoenix, AZ, topping out at $96,000,000. We are not realtors, simply curators of old homes, sometimes serving them up with a slice of history. Oro Valley Catalina Foothills Marana Vail Sahuarita Green Valley Short Sales.
Presented by Sahuarita REALTOR® Russ Fortuno at Tierra Antigua Realty. 1 to 30 of 1,000 listings found that matched your search. Subscribe to azcentral today.Search real estate for sale in Lake Havasu City. “Metro Phoenix has a housing affordability problem that will get worse with fewer mobile homes,” said Mark Stapp, executive director of the Master of Real Estate Development program at Arizona State University's W.P. The average monthly cost to live in a Valley mobile home is about $700, compared with the average rent for a two-bedroom apartment of about $1,300.
Longtime residents relying on the affordable rents lose their homes and often must move farther away from jobs, schools and public transportation. Housing advocates are concerned about investors' buying spree of older mobile home parks because they often look for high returns on their money and raise rents.īefore the COVID-19 pandemic, investors were working to turn some of the parks closer in, particularly near light rail, into high-end housing developments. for $44 million.Ĭarlyle didn’t respond to a request for comment about its plans for the affordable housing it purchased. Since 2017, investors have spent more than half a billion dollars on mobile and manufactured home parks in the Phoenix area.Ĭarlyle, through its Delaware CPI LLC, purchased these mobile home parks in Mesa: Metro Phoenix’s most affordable housing is in high demand, not only with a growing number of renters but with some of the world’s biggest real-estate investors. The investor owns a handful of other mobile home parks in metro Phoenix as well as dozens of others across the U.S. The Carlyle Group bought more than 1,000 mobile and manufactured home lots in four parks built mostly in the 1960s and 1970s, according to public real estate records. Watch Video: Investors are spending a record amount of money on mobile-home parksĪ Washington, D.C.-based investor paid $230 million for four older Mesa mobile home parks on Monday, upping its stake in Arizona’s affordable housing market.
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