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Updated almost 6 years ago on . Most recent reply

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Matthew Jenks
  • Rental Property Investor
  • Phoenix, AZ
1
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Best Phoenix area to buy multi family homes

Matthew Jenks
  • Rental Property Investor
  • Phoenix, AZ
Posted

I’m curious if anyone had experience with the best cities around the Phoenix area to focus on for multi family home purchases?

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Wes Blackwell
  • Real Estate Agent
  • Phoenix, AZ
1,099
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Wes Blackwell
  • Real Estate Agent
  • Phoenix, AZ
Replied

@Matthew Jenks

Most of the Phoenix Metro's multifamily is going to be located in the central Phoenix area, with a decent amount also available in Glendale, Mesa and Tempe. 

The other suburbs like Chandler, Gilbert, Surprise, Peoria, etc. are all mostly single family homes, so you won't find as much opportunity there.

While the cities do differ from one another to some degree, we're all a part of the same metro so you can probably use analysis for the Phoenix metro in general analyze the area. 

Housing is needed everywhere, so probably the best thing to question is the local violent crime rate for the property you are considering. Every city has good and bad areas when it comes to crime, and so no matter where you look you'll probably want to avoid the area where three people were murdered last week. Search the local crime maps for that info.

Is there a particular area of town you're wondering about or looking in?

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