After recently being named the #3 city in the nation for places to rent through a study published on WalletHub.com, MODUS Companies recently announced their latest design for a 94-unit build-to-rent community of single-family homes near the intersection of Oak Street and 64th Street.
Aptly named Papago Village, given its vicinity to nearby Papago Park, the entire community will feature 94 single-level units with 1 and 2-bedroom floor plans each with private back yards, built with Zero Energy Ready Home (ZERH) standards and advanced home automation. The state-of-the-art clubhouse will feature a gym, co-working spaces and 360 views of the surrounding communities and Camelback Mountain.
“Based on current inventory and projections, we know there will be a shortage of rental options in the next 2-3 years,” said Founder of MODUS Companies Ed Gorman. “That, combined with the cost-savings we are able to provide to the renter through our sustainable technology in what is now considered one of the top three places to rent in the nation, will make this community a desirable one.”
According to WalletHub.com, Scottsdale ranked third out of 182 cities in the nation for best places to rent, which was based off of a number of factors including quality of life, affordability, availability of jobs, driving environment, recreational opportunities, and weather.
“Scottsdale, AZ, is the third-best place to rent, in large part due to the quality of life in the city,” stated Wallethub.com’s announcement of the honor. “Scottsdale ranks as the best city for both the availability of jobs and the driving environment (traffic and infrastructure quality). It also has the fourth-best weather and the sixth-best recreation options.”
“The benefits to the renters beyond the location and the home size, will also include 50-70% savings on utility bills and sustainable technology such as Energy Star appliances, solar panels and Low-E glass,” said Gorman.
With approval from the City of Scottsdale pending, MODUS Companies is hopeful to begin construction in early 2025.
