Multifamily Investment Opportunity
Price
$679,999
Off-Market Investment Opportunity in Glendale
Address:Â 5911 W Lamar Rd, Glendale AZ 85301
Offer Deadline:Â Submit all offers directly to investments@promiselandrealtyllc.com.
Property Overview:
Fully occupied 6plex in Glendale.
Consists of a 4plex and 2 additional units on each side.
3 separate parcels included in the purchase.
Tenancy Details:
Month-to-month tenants in place with significant value-add potential.
Property Details:
Price:Â $679,999
Deposit:Â $10,000
Property Type:Â Multifamily
Square Footage:Â 2,001 sqft
Lot Sqft:Â 6,642 sqft
Year Built:Â 1940
Bedrooms:Â 6 studio units
Bathrooms:Â 6
Garage:Â None
Utilities:Â Individually metered for electrical, master metered for water.
Current Rents:
$950.00
$935.00
$975.00
$975.00
$915.00
$995.00
Tenancy Payment Method:Â All tenants pay via cash app.
Financial Summary:
Gross Monthly Rent:Â $5,745
Annual Rent:Â $68,940
Gross Cap Rate:Â 10.2%
Additional Information:
Roof has been recently serviced.
A/C units are in good working condition.
Net Cap Calculation:Â Current net cap based on a 35% expense ratio (subject to buyer's expenses).
Don't miss out on this lucrative investment opportunity in Glendale! Contact us for more information or to submit your offer.
Property Information: https://drive.google.com/file/d/1T9-6FJ6hkX7FuFDjqvlQFuvdtAKSxDxa/view?usp=sharing
Property Map
"AMERICA'S #1 SOURCE FOR OFF MARKET PROPERTIES"
PROMISE LAND REALTY, LLC
All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. Realtors add your fee on top.