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April 7, 2017 By Mark and Dina Beauvais

Duplex For Sale Historic Downtown Glendale AZ

Fully Updated and Renovated!

9.44 to 9.7% CAP Rate!

6001 W Gardenia Ave, Glendale, AZ 85301 

 

  

(Exterior Painted Neutral Light Brown)

Location:  Next to Historic Downtown Glendale & Glendale Community College

Duplex: Two 550 square foot units share 1 wall. Each unit has: 1 bedroom, 1 bathroom, a kitchen, living room, mailbox and parking space.  Tenants share a Newer Storage Shed.

The following are BRAND NEW:  Kitchens, Bathrooms, Lighting, Paint (inside and out), Locked Gate, Flooring, Appliances, Dual Pane Windows, 2 A/C units per Apartment, Ceiling Fans, Landscape and Insulation! Must see, this will sell fast!

Tenants pay their own Electric bills. Water/Sewer/Trash bill paid to landlord, $65/mo. due on the 1st with rent, additional cash flow. (Leases say if tenants’ portion of bill exceeds $65 they must reimburse owner the difference.)

100% leased up as of September 7, 2017 with professionally screened tenants. 1 year leases expire October 2018.

1,100 Total Livable Square Feet (550sf/unit) + 100 Sq. Ft. Locked Storage Shed.  Roof: Sheet metal and wood, brand new insulation.

4,050 Square Foot Lot (.09 acres), Built in 1945

2 Parking Slabs (room to add a carport)

$655 and $670/unit/month, $17,500 Gross Annual cash flow!

Owner’s Annual Expenses:  Taxes $418, Insurance $600, Maintenance/Home Warranty  $500, City of Glendale annual estimate $948= $1,366 Total

Net Annual CASH FLOW:  $16,134 (owning real estate rentals is  a Tax Shelter, write-off depreciation for 27.5 years)

Buy with cash, private loan or conventional financing.  No owner finance, lease option, or similar.

All Photos Here

Price: $164,900

This will go fast!  Contact us today

Filed Under: 2 bath, 2 bedroom, 85301, Duplex, for sale, glendale Tagged With: 2 bathrooms, 2 bedrooms, 85301, best, cash cow, deal, district, downtown, duplex, glendale, great, handy man, handyman, historic, investor special, location, steal, storage, TLC

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Mark & Dina Beauvais Direct: 1.800.454.4595 Mobile: 480.980.0811 service@beauvaisrealestate.com Beauvais Real Estate, LLC 21001 N Tatum Blvd, Suite 1630-472 Phoenix, AZ 85050
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