Own a Slice of Arcadia’s History

$2.5M
Listing Price
$365,649
Projected Rental Income
9.49%
CAP Rate
5041 E Lafayette Blvd, Phoenix, AZ
7 Bed I 5 Bath I Sleeps 14 I 3,336 Sq Ft.
Presenting an exclusive opportunity to own a piece of Arcadia’s rich heritage, this exquisitely renovated home stands as a remarkable testament to the area’s historical legacy. Once serving as the original watchtower for Orchard Groves, this property holds the distinction of being the tallest residence in Arcadia Proper, offering an unparalled rooftop deck that beckons one to savor breathtaking views spanning from downtown to the majestic Four Peaks.
Showcasing a grand total of 6 bedrooms, a 5-stop elevator and an exclusive 444-square-foot guesthouse, this property has an impressive 9.49% CAP Rate as a short-term rental.
Investment Highlights
- 60% Occupancy Rate
- Rare Chance to Own a Luxury Historic Rental
- Newly renovated kitchen
- Amazing Rooftop Deck