Photo 1 of 1
$130,000
Sold on 1/22/13
Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
|
0.00 |
0 |
$1,021 |
1980 |
On the market:
42 days
|
View full details, 15 photos, school info, and price history
SELLER MAY CARRY. This is an excellent opportunity to purchase a building with (4) 2BD/1BA units. Unit #3 has upwards of $60K in renovation costs including new flooring, tile, A/C Unit, Paint, Kitchen Cabinets. 2 more units have new floors and paint and need basic cosmetic work, last unit needs work. Missing 3 A/C Units. The Building is being sold As-Is. Situated 3 miles east of the Glendale sport stadiums and less than a mile from the US-60. This property has desert landscaping making it easy to maintain. For the Investor: this property will bring in total rents of $21,600 less 10% vacancy of -$2,160 per year so $19,440 adjusted gross income. Then after projected expenses of $8,882 the amount an investor would pocket is $10,558 per year based on pro forma. This is a 8.12% CAP Rate
Listing courtesy of Linda Gerchick & Patrick O'Sullivan, Gerchick Real Estate & Gerchick Real Estate