One of metro Phoenix’s largest single-family rental developers is opening three new Arizona communities in September and expanding into Florida.
Phoenix-based NexMetro’s new Valley Avilla rental developments look like small homes with backyards. They are located in Mesa, Goodyear and Phoenix.
Once those are completed, the company will have nine single-story, unattached rental-home communities in the Valley. It has another eight of its Avilla rental home developments planned or under construction in metro Phoenix.
“There is a significant demand from consumers for a higher-quality leased-living experience that’s different than the big box, shared-wall lifestyle a typical apartment provides,” NexMetro President Josh Hartmann said.
The rental homes have one, two or three bedrooms; no shared walls; and full-size washer and dryers. The homes range from 650 to 1,300 square feet.
The communities have pools and other amenities found at more traditional apartment complexes.
Here are the locations of the three new communities:
- Avilla Lehi Crossing at Thomas and Val Vista roads in Mesa.
- Avilla Centerra Crossings at Van Buren Street and Estrella Parkway in Goodyear.
- Avilla Camelback Ranch at Camelback Road and 107th Avenue in Phoenix.
The three will have a total of 428 rental homes. Rent ranges from $1,025 to $1,175.
The developer is currently buying land in Florida for its first rental-home project in that state.
NexMetro, which launched its rental-home business in 2010 in metro Phoenix, is also building in Dallas and Denver.
From – https://www.azcentral.com/story/money/real-estate/catherine-reagor/2018/09/18/tiny-rental-home-builder-expands-metro-phoenix-florida-nexmetro-mesa-goodyear/1338110002/