Skip To Content

2421 W Glenrosa Avenue

Phoenix, AZ 85015
  • $1,160,000
  • STATUS: Active
  • ON SITE: 41 Days
  • MLS #: 6453559
Price Reduced
UPDATED: 27 min ago
$1,160,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1952
County:
Area:

School Ratings & Info

Description

100% occupied. Remodeled 5plex with great rents and land to build 4 more units on 1/2 ACRE R3 LOT!! Rare to find this size lot in the middle of the city. Townhome like apartments with large PRIVATE YARDS & in unit Washer/Dryers & dishwashers!! Excellent gross monthly cashflow $7,739, $92,868 yearly. 7.2% Gross Cap Rate, Tenant paid utilities on RUBS!! $170 per unit per month. New HVAC's, new interiors with wood tile floor, New showers, stainless appliances, White Quartz countertops and ceiling fans. Overhead is low. Unit mix of 3, 2 bed x1 bath, 2, 1 bed x 1 bath. This area is hot and transitioning with proximity to GCU and I-17 freeway access. New sewer main currently being installed on property. Cashflow while you build the other units. Hurry this one will not last with solid cashflow!

Monthly Payment Calculator



Arizona Regional MLS logo© 2022 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 The Garcia Group | eXp Realty. Data last updated 2022-10-03T11:20:46.317.
www.beckygarcia.com/homes/132372595
Print Image

2421 W Glenrosa Avenue Phoenix, AZ 85015

  • Price: $1,160,000
  • Status: Active
  • On Site: 41 Days
  • Updated: 27 min ago
  • MLS #: 6453559
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1952
Built
Neighborhood:
Fruitland Acres
County:
Maricopa
Area:
Phoenix
School District:
068 - Alhambra Elementary District
Property Description
100% occupied. Remodeled 5plex with great rents and land to build 4 more units on 1/2 ACRE R3 LOT!! Rare to find this size lot in the middle of the city. Townhome like apartments with large PRIVATE YARDS & in unit Washer/Dryers & dishwashers!! Excellent gross monthly cashflow $7,739, $92,868 yearly. 7.2% Gross Cap Rate, Tenant paid utilities on RUBS!! $170 per unit per month. New HVAC's, new interiors with wood tile floor, New showers, stainless appliances, White Quartz countertops and ceiling fans. Overhead is low. Unit mix of 3, 2 bed x1 bath, 2, 1 bed x 1 bath. This area is hot and transitioning with proximity to GCU and I-17 freeway access. New sewer main currently being installed on property. Cashflow while you build the other units. Hurry this one will not last with solid cashflow!
Exterior Features

Construction Frame - Wood Construction Finish PaintedStucco Covered Parking Spaces 3.00 Exterior Amenities Desert LandscapingFenced Lot Size Dimensions 300 X 90 Parking Garage Roads Concrete Roofing Comp Shingle

Interior Features

1 Bedroom Unit Avg Sq Ft 655 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 655 2 Bedroom Units Baths 1 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 DishwasherDisposalF/S Oven/RangeMicrowaveRefrigeratorWasher/Dryer Cooling Ceiling Fan(S)Electric Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Ceramic Tile Heating Electric Interior Amenities DrapesFire/Smoke Alarm(S)

Property Features

1 Bedroom Unit Avg Rent 1502.00 1 Bedroom Units 2 2 Bedroom Unit Avg Rent 1554.00 2 Bedroom Units 3 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 92868.00 Annual Ownr Asoc Fee 0.00 Community Amenities No Pool Cross Street Indian School Rd & 23rd Ave Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Aps Gas None Gross Annual Sch Inc 92268.00 Hoa YN No Net Operating Income 92868.00 New Financing 1031 ExchangeConventionalNo Carry Operating Exp 1928.00 Other Income 600.00 Owner Pays ElectricLandscapingSewerTrash CollectionWater Project Type 5 - 12 Units Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Projected ProformaProvided By Owner Tax Municipality Phoenix Taxes 1928.00 Tenant Pays Cable Tv Vacancy Allowance 0.00 Water City Franchise Zoning R3

Arizona Regional MLS logo Listing provided by Gentry Real Estate: [IDXCONTACTINFORMATION] .


Arizona Regional MLS logo© 2022 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 The Garcia Group | eXp Realty. Data last updated 2022-10-03T11:20:46.317.
 
https://bt-photos.global.ssl.fastly.net/armls/1280_boomver_3_6453559-2.jpg https://bt-photos.global.ssl.fastly.net/armls/1280_boomver_3_6453559-2.jpg https://bt-photos.global.ssl.fastly.net/armls/1280_boomver_3_6453559-2.jpg
Logo
The Garcia Group | eXp Realty
16165 N 83 Ave # 200
Peoria AZ, 85382