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6637 N 58TH Drive

Glendale, AZ 85301
  • $1,450,000
  • STATUS: Active
  • ON SITE: 3 Days
  • MLS #: 6511859
New On Site 3 Days Ago
$1,450,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1945
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Value add opportunity for a rare 10 unit apartment building in Glendale. This property has four 2 bedroom units, five 1 bedroom units, and one studio that generate $8,455 per month gross or $101,460 per year in gross rental income. The property features an automatic gate to a large parking area, all units have tile floors, tiled showers, individual heat pumps/HVACs, all appliances, and fresh paint. This property is professionally managed with all tenants on yearly leases and security deposits on file. Tenants pay electric. A laundry facility may be added for an additional amenity.

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Arizona Regional MLS logo© 2023 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Jonny West Real Estate. | Keller Williams Realty Phoenix. Data last updated 2023-01-29T00:23:51.417.
www.purchaseaz.com/homes/136455066
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6637 N 58TH Drive Glendale, AZ 85301

  • Price: $1,450,000
  • Status: Active
  • On Site: 3 Days
  • MLS #: 6511859
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1945
Built
Neighborhood:
Glendale Blocks 42-46
County:
Maricopa
Area:
Glendale
Elementary School:
Isaac E Imes School
Middle School:
Isaac E Imes School
High School:
Glendale High School
Property Description
Value add opportunity for a rare 10 unit apartment building in Glendale. This property has four 2 bedroom units, five 1 bedroom units, and one studio that generate $8,455 per month gross or $101,460 per year in gross rental income. The property features an automatic gate to a large parking area, all units have tile floors, tiled showers, individual heat pumps/HVACs, all appliances, and fresh paint. This property is professionally managed with all tenants on yearly leases and security deposits on file. Tenants pay electric. A laundry facility may be added for an additional amenity.
Exterior Features

Construction Block Construction Finish Painted Covered Parking Spaces 0.00 Exterior Amenities FencedPatio/BalconySecurity Light(S) Lot Size Dimensions 100 X 140 Parking 1 Space/UnitPaved Parking Roads Asphalt Roofing Comp Shingle

Interior Features

1 Bedroom Unit Avg Sq Ft 500 1 Bedroom Unit Baths 5 2 Bedroom Unit Avg Sq Ft 725 2 Bedroom Units Baths 4 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included F/S Oven/RangeRefrigerator Cooling 2 Or More UnitsCentral A/CElectricHeat PumpIndividual Efficiency Unit Avg Sq Ft 330 Efficiency Unit Baths 1 Floors Ceramic Tile Heating 2 Or More UnitsCentralHeat PumpIndividualNatural Gas

Property Features

1 Bedroom Unit Avg Rent 980.00 1 Bedroom Units 5 2 Bedroom Unit Avg Rent 925.00 2 Bedroom Units 4 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 101460.00 Annual Gas Exp 1200.00 Annual Other Expense 540.00 Annual Ownr Asoc Fee 0.00 Annual Wtr Swr Exp 4800.00 Community Amenities No Pool Cross Street 59th Avenue And Glendale Avenue Efficiency Unit Avg Rent 600.00 Efficiency Units 1 Electric ApsIndividual Meter Gas Master MeterSw Gas Gross Annual Sch Inc 101460.00 Hoa YN No Net Operating Income 94920.00 New Financing 1031 ExchangeConventionalNo Carry Operating Exp 10468.00 Other Income 0.00 Owner Pays GasOtherSewerWater Project Type 5 - 12 Units Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Glendale Taxes 3928.00 Tenant Pays Cable TvElectric Totl Mnth Rntal Inc 8455.00 Vacancy Allowance 0.00 Water City FranchiseMaster Meter Zoning M1

Arizona Regional MLS logo Listing provided by Grayson & Grayson: [IDXCONTACTINFORMATION] .


Arizona Regional MLS logo© 2023 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Jonny West Real Estate. | Keller Williams Realty Phoenix. Data last updated 2023-01-29T00:23:51.417.
 
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