The Investment Potential of 85008 in Phoenix, AZ!
We often get asked where we would buy an investment property in the valley — 85008 comes to mind immediately.
This area has become near and dear to our hearts, and we’re excited to let you in on our reasoning. From the vibrant community to the hidden gems, there are so many reasons why we believe this is a fantastic place to invest. So, grab a cup of coffee, get comfy, and join us as we dive into the many facets that make 85008 a great investment opportunity.
85008 borders Arcadia and South Scottsdale:
Arcadia is a picturesque neighborhood known for its lush landscapes, historic charm, and stunning views of Camelback Mountain. This highly sought-after area boasts a mix of luxury homes, trendy eateries, and boutique shopping, creating a perfect blend of modern convenience and classic elegance. With its strong sense of community and top-rated schools, Arcadia offers an ideal living experience for families and professionals alike.
South Scottsdale is a vibrant neighborhood, perfect for those who love a lively community with a unique blend of modern living and historic charm. Living here means enjoying eclectic shops, diverse dining options, and easy access to the bustling Old Town Scottsdale.
Both areas are already highly established, luxury neighborhoods with high price tags. Whereas, 85008 still has a lot of room for growth and improvement leading us to our next point.
Tons of room for improvement and growth:
85008 is a neighborhood originally built in the 1950s. While there have been some homes updated and modernized, a good portion of the area is still untouched and looking to get revitalized. 85008 has been experiencing an influx of younger families and professionals moving to the neighborhood which often results in an increased demand for housing. This can lead to rising property values and rental rates!
Home pricing is a lot lower than surrounding areas:
Because the majority of 85008 is older, the average home price is a lot lower than surrounding areas like Arcadia and South Scottsdale. Investing in this area now, when it is more affordable, will bring a higher return of investment in the future.
““The wise young man or wage earner of today invests his money in real estate.””
Alright, clearly we’re totally smitten with 85008. It’s got this amazing vibe, that has true potential. Between Arcadia’s luxury charm and South Scottsdale’s lively energy, 85008 is like the cool kid who hasn’t quite figured out their full potential yet. And that’s exactly why we think it’s such a goldmine for investors.
We’re talking about a neighborhood on the brink of something special. With young families moving in and prices still relatively low compared to the neighbors, the stars are aligning for some serious growth. So if you’re looking to make a smart investment and be part of something exciting, 85008 is definitely worth checking out.
