7211 N 54th Ave., Glendale, AZ 85301

10 large 2BD/2BA units all with interior laundry and fireplaces. Upstairs units have vaulted ceilings with skylights. Property sits on 0.37 acres located near Historic Downtown Glendale. Recent improvements include new carpet, some new appliances, new 2-tone paint, new blinds and new ceiling fans. Located near the US-60, property is in a well-established sub-market, close to shopping and schools. This property currently 90% leased, average net rent/unit is $711.27 making Total Monthly Rental Income of $7,112 or $85,352/Year. Deduct 8% vacancy to $78,524. Then after projected expenses of $28,050 the NOI is $50,466 per year. This is a 8.1% CAP at asking. Seller is replacing shingle roof, will be done before COE. Landlord pays t/w/s, tenant pays elec, no gas.