92 N Palm St - Exquisite Luxury Short-Term Rental Property 4,458 SF Specialty Building Offered at $2,195,000 at a 5.20% Cap Rate in Gilbert, AZ 85234





INVESTMENT HIGHLIGHTS
- Located in downtown Gilbert, a vibrant community with rich history and modern amenities.
- Enjoy Arizona sun and cool desert evenings by the inviting pool, spa, and cozy fire pits.
- Chef's Dream Kitchens: Top-of-the-line stainless steel appliances and gleaming countertops.
- Two exquisitely designed units offering comfort and sophistication.
- Over-the-top furnishings and lavish ambiance in every detail.
- Open-Concept Living: Thoughtfully designed living spaces for a spectacular stay experience.
EXECUTIVE SUMMARY
This is a Duplex but has consistently been used for larger or combined groups. There is a gate in the backyard that can be used to separate this. When we say downtown Gilbert AZ-walk to the downtown and enjoy.
Escape to the ultimate urban oasis in downtown
Gilbert! Discover this exquisite short-term
rental property boasting two luxurious units, each
designed to provide the perfect blend of comfort and
sophistication. Nestled in the heart of Gilbert, a
charming town known for its vibrant community and
rich history, our rental property offers a unique
opportunity to immerse yourself in the local
culture. Tenants can relax and unwind in style as
they soak up the Arizona sun by the inviting pool and
spa area, complete with cozy fire pits for those cool
desert evenings. The meticulously curated interiors
will exceed your expectations. Each unit features
over-the-top furnishings, creating a lavish ambiance.
The kitchens are a chef's dream, equipped with top-
of-the-line stainless steel appliances to inspire culinary
adventures. From the gleaming countertops to the
open-concept living spaces, every detail has been
thoughtfully considered to ensure the tenant's stay is
nothing short of spectacular. Gilbert itself is a hidden
gem, blending a small-town charm with modern
amenities. Stroll through the charming Heritage District,
filled with local boutiques, restaurants, and art galleries.
The vibrant nightlife and community events that Gilbert
has to offer, ensuring an unforgettable experience
during your tenant's stay. Whether exploring Gilbert's
enchanting surroundings or simply basking in the
comfort of these exceptional rental units, the tenant's
stay will be a memorable one. Buyer to verify all facts
and figures
### Discover Gilbert, AZ: Where Nature Meets Opportunity
Nestled in the heart of Arizona's East Valley, Gilbert stands as a testament to harmonious living between nature and progress. This thriving community seamlessly blends modern amenities with natural beauty, making it an ideal place to live, work, and play.
#### Embracing Nature: The Gilbert Wetlands
Gilbert is home to the renowned Gilbert Riparian Preserve at Water Ranch, a 110-acre oasis that serves as a sanctuary for diverse wildlife and a hub for outdoor enthusiasts. With over 4.5 miles of trails winding through lush wetlands and habitats, residents can escape into nature right in their backyard.
#### Flourishing Employment Opportunities
Beyond its natural allure, Gilbert boasts a robust economic foundation supported by a diverse range of industries. The town hosts a burgeoning tech sector, healthcare facilities, and a strong retail presence, offering abundant job opportunities and a stable economic environment.
#### Vibrant Recreation Scene
Gilbert takes recreation seriously, offering something for everyone. From family-friendly parks and community centers to championship golf courses and equestrian trails, there's no shortage of activities to enjoy year-round. Sports enthusiasts can cheer on local teams or participate in various leagues and tournaments throughout the year.
#### Demographics: A Community of Diversity
Gilbert is not just a place to live; it's a community that celebrates diversity and inclusivity. With a population that spans generations and backgrounds, Gilbert prides itself on fostering a welcoming environment where neighbors become friends and families thrive.
### Your Gateway to Gilbert
Whether you're drawn to its natural beauty, seeking new career opportunities, or looking to immerse yourself in a vibrant community, Gilbert offers a lifestyle that caters to all. Discover why Gilbert, AZ, is more than just a destination—it's a place to call home.
---
*Explore Gilbert today and find your perfect blend of nature, opportunity, and community. For more information on living and investing in Gilbert, contact us now.*
Escape to the ultimate urban oasis in downtown
Gilbert! Discover this exquisite short-term
rental property boasting two luxurious units, each
designed to provide the perfect blend of comfort and
sophistication. Nestled in the heart of Gilbert, a
charming town known for its vibrant community and
rich history, our rental property offers a unique
opportunity to immerse yourself in the local
culture. Tenants can relax and unwind in style as
they soak up the Arizona sun by the inviting pool and
spa area, complete with cozy fire pits for those cool
desert evenings. The meticulously curated interiors
will exceed your expectations. Each unit features
over-the-top furnishings, creating a lavish ambiance.
The kitchens are a chef's dream, equipped with top-
of-the-line stainless steel appliances to inspire culinary
adventures. From the gleaming countertops to the
open-concept living spaces, every detail has been
thoughtfully considered to ensure the tenant's stay is
nothing short of spectacular. Gilbert itself is a hidden
gem, blending a small-town charm with modern
amenities. Stroll through the charming Heritage District,
filled with local boutiques, restaurants, and art galleries.
The vibrant nightlife and community events that Gilbert
has to offer, ensuring an unforgettable experience
during your tenant's stay. Whether exploring Gilbert's
enchanting surroundings or simply basking in the
comfort of these exceptional rental units, the tenant's
stay will be a memorable one. Buyer to verify all facts
and figures
### Discover Gilbert, AZ: Where Nature Meets Opportunity
Nestled in the heart of Arizona's East Valley, Gilbert stands as a testament to harmonious living between nature and progress. This thriving community seamlessly blends modern amenities with natural beauty, making it an ideal place to live, work, and play.
#### Embracing Nature: The Gilbert Wetlands
Gilbert is home to the renowned Gilbert Riparian Preserve at Water Ranch, a 110-acre oasis that serves as a sanctuary for diverse wildlife and a hub for outdoor enthusiasts. With over 4.5 miles of trails winding through lush wetlands and habitats, residents can escape into nature right in their backyard.
#### Flourishing Employment Opportunities
Beyond its natural allure, Gilbert boasts a robust economic foundation supported by a diverse range of industries. The town hosts a burgeoning tech sector, healthcare facilities, and a strong retail presence, offering abundant job opportunities and a stable economic environment.
#### Vibrant Recreation Scene
Gilbert takes recreation seriously, offering something for everyone. From family-friendly parks and community centers to championship golf courses and equestrian trails, there's no shortage of activities to enjoy year-round. Sports enthusiasts can cheer on local teams or participate in various leagues and tournaments throughout the year.
#### Demographics: A Community of Diversity
Gilbert is not just a place to live; it's a community that celebrates diversity and inclusivity. With a population that spans generations and backgrounds, Gilbert prides itself on fostering a welcoming environment where neighbors become friends and families thrive.
### Your Gateway to Gilbert
Whether you're drawn to its natural beauty, seeking new career opportunities, or looking to immerse yourself in a vibrant community, Gilbert offers a lifestyle that caters to all. Discover why Gilbert, AZ, is more than just a destination—it's a place to call home.
---
*Explore Gilbert today and find your perfect blend of nature, opportunity, and community. For more information on living and investing in Gilbert, contact us now.*
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
---|---|---|
Gross Rental Income |
$99,999
![]() |
$9.99
![]() |
Other Income |
$99,999
![]() |
$9.99
![]() |
Vacancy Loss |
$99,999
![]() |
$9.99
![]() |
Effective Gross Income |
$99,999
![]() |
$9.99
![]() |
Taxes |
$99,999
![]() |
$9.99
![]() |
Operating Expenses |
$99,999
![]() |
$9.99
![]() |
Total Expenses |
$99,999
![]() |
$9.99
![]() |
Net Operating Income |
$99,999
![]() |
$9.99
![]() |
PROPERTY FACTS
Price | $2,195,000 |
Price Per SF | $492.37 |
Sale Type | Investment |
Cap Rate | 5.20% |
Property Type | Specialty |
Lot Size | 0.15 AC |
Building Size | 4,458 SF |
No. Stories | 2 |
Year Built/Renovated | 1972/2023 |
Parking Ratio | 0.9/1,000 SF |
AMENITIES
- Air Conditioning
- Smoke Detector
1 of 1
Walk Score®
Very Walkable (70)
Bike Score®
Very Bikeable (74)
ZONING
Zoning Code | SF-7 (Single Family-7) |