Located near the heart of Downtown Glendale, this 10-unit apartment community boasts large 2BD/2BA units with interior stackable washer/dryers and fireplaces. It sits on 0.37 acres in the Glendale sub-market. Recent improvements include new carpet throughout, fresh interior paint, new blinds and master shower repairs. Located west of the I-17 freeway and near the US-60, this property is in a well-established sub-market, close to shopping and schools with plenty of transportation options. For the Investor: This property is projected to generate total rents of $85,200 less 8% vacancy of $6,816 per year, equals $78,384 adjusted gross income. Then after projected expenses of $26,677 the net operating income is $$51,707 per year based on pro forma. This is a 6.80% CAP Rate.
Bruce Kipling of Coldwell Banker Premier Realty is licensed in the Province of British Columbia. This featured listing is courtesy of Gerchick Real Estate of Phoenix Arizona, and is authorized through a reciprocal referral partnership agreement with a licensed realtor in the State of Arizona.
Please note that unless otherwise indicated, all prices are shown in US dollars!
Listing information last updated on May 22, 2013 at 03:47 PM (UTC)
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