Jeff Bezos-Backed Arrived Homes Hits A Big Sale On Charlotte Property – Investors Earning A 34.7% Return

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Contributor, Benzinga
January 2, 2025

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Collect passive income from real estate without taking on the headaches of being a landlord. You can buy shares of rental properties with as little as $100 thanks to this investment platform backed by Jeff Bezos.

In a major success for real estate investors, The Centennial, a single-family home near Charlotte, NC, delivered a total return of 34.7% – or 11.2% annually – following its sale in August 2024. This impressive outcome highlights Arrived's expertise in leveraging market opportunities, strategic management and dividend-driven passive income.

Arrived's Q3 2024 report underscores the broader success of its investment strategy. During the quarter, investors earned over $1.54 million in dividend income, marking a 25% increase from Q2 2024. Across 354 individual properties, single-family residential investments averaged 3.7% annualized dividends, while vacation rentals provided an average return of 2.8%. These consistent results demonstrate the platform's ability to balance income and appreciation across its portfolio.


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The Byers House

Own a piece of the Byers House, a vacation rental located at the iconic home of Joyce, Jonathan, and Will Byers, featured in Stranger Things and located in Fayetteville, GA, just 20 minutes from Hartsfield Jackson International Airport. This property was used to film the exterior scenes in the actual show and influenced the design for the interior sets, which were filmed in a nearby studio.


From its October 2021 IPO through its sale in 2024, The Centennial maintained 100% occupancy. Before the IPO, Arrived secured a two-year lease, ensuring immediate income for investors. Subsequent rent increases, such as a 9% boost in the second year, further bolstered returns.

Arrived's professional management team also ensured a seamless experience for investors by handling all property upkeep and tenant needs. Repairs, like a washing machine leak in May 2022, were swiftly resolved, maintaining the property's value and tenant satisfaction. Over its holding period, The Centennial generated 14.5% in dividend returns (4.7% annually), providing steady income alongside appreciation. 

Arrived's decision to sell The Centennial after under three years demonstrates the company's knack for strategic timing. While typical hold periods range from five to seven years, Arrived capitalized on strong market conditions to secure a sale price of $351,000, resulting in 20.2% appreciation (6.5% annually). Negotiation tactics, including counteroffers and inspection adjustments, ensured maximum value.

The Future of Fractional Real Estate

The success of The Centennial reflects the strength of Arrived's investment approach: selecting high-growth markets, delivering consistent dividend income and strategically timing sales to maximize returns. As Q3 results show, this model is replicable across diverse asset classes.

With over $1.54 million paid in dividends this past quarter, Arrived allows individuals to invest in shares of rental properties for as little as $100, providing the potential for monthly rental income and long-term appreciation without the hassles of being a landlordWith over $1 million in dividends paid out last quarter and a growing selection of properties across various markets, Arrived offers an attractive alternative for investors seeking to build a diversified real estate portfolio.

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