6637 N 58TH Drive

    Glendale, AZ 85301
    • $749,000
    • STATUS: Active
    • ON SITE: 19 days
    • MLS #: 5877257
    UPDATED: 28 min ago
    $749,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1945
    County:
    Area:

    School Information

    Description

    8.4% projected proforma from this solid C class ten-plex that was just refreshed with new paint in and out, stucco, new doors, light fixtures, some plumbing fixtures, ceiling replaced and roof repairs made, two new gas water heaters and rerun electrical throughout! 8 new tenants with guaranteed rents, two leases that will finish out this year and can be increased at that point (June and Oct). This property has individually metered electric, although the landlord pays all utilities (except 2 existing leases) with the almost all government guaranteed rents! Security cameras convey with the property. DRIVE BY ONLY- DO NOT DISTURB TENANTS No sign and No interior showing until we have an accepted purchase contract. Buyer to measure and verify any facts or figures.

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    © 2019 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 Yost Realty Group at RE/MAX Casa Grande. Data last updated 2019-02-22T07:11:39.29.
    www.yosthomes.com/homes/91517236

    6637 N 58TH Drive Glendale, AZ 85301

    • Price: $749,000
    • Status: Active
    • Updated: 28 min ago
    • MLS #: 5877257
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1945
    Built
    Neighborhood:
    Glendale Blks 42-46
    County:
    Maricopa
    Area:
    Glendale
    Elementary School:
    Glendale American School
    Middle School:
    Glendale Landmark Middle School
    High School:
    Glendale High School
    School District:
    040 - Glendale Elementary District
    Property Description
    8.4% projected proforma from this solid C class ten-plex that was just refreshed with new paint in and out, stucco, new doors, light fixtures, some plumbing fixtures, ceiling replaced and roof repairs made, two new gas water heaters and rerun electrical throughout! 8 new tenants with guaranteed rents, two leases that will finish out this year and can be increased at that point (June and Oct). This property has individually metered electric, although the landlord pays all utilities (except 2 existing leases) with the almost all government guaranteed rents! Security cameras convey with the property. DRIVE BY ONLY- DO NOT DISTURB TENANTS No sign and No interior showing until we have an accepted purchase contract. Buyer to measure and verify any facts or figures.
    Exterior Features

    Construction BlockFrame - Wood Construction Finish PaintedStucco Covered Parking Spaces 0.00 Exterior Amenities Desert LandscapingSecurity Light(S)Patio/BalconyCable Tv AvailableFenced Lot Size Dimensions 100 X 140 Parking Free>1 Space Per UnitStreet ParkingPaved Parking Roads Asphalt/BlacktopPrivate Street Roofing Comp Shingle Total Parking Spaces 14.00

    Interior Features

    1 Bedroom Unit Avg Sq Ft 500 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 700 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 F/S Oven/RangeRefrigerator Cooling Central A/CIndividualElectric Refrigeratd Efficiency Unit Avg Sq Ft 350 Efficiency Unit Baths 1 Floors Ceramic Tile Heating ElectricIndividualGas Interior Amenities UnfurnishedMini BlindsFire/Smoke Alarm(S)

    Property Features

    1 Bedroom Unit Avg Rent 862.25 1 Bedroom Units 7 2 Bedroom Unit Avg Rent 1106.94 2 Bedroom Units 2 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 104491.31 Annual Elec Exp 14400.00 Annual Gas Exp 1000.00 Annual Ins Exp 1500.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 1000.00 Annual Mgmt Exp 0.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 1000.00 Annual Trash Exp 3200.00 Annual Wtr Swr Exp 5000.00 Community Amenities No Pool Cross Street 59th Ave. & Glendale Ave. Efficiency Unit Avg Rent 727.28 Efficiency Units 1 Electric Aps Gas Sw Gas Gross Annual Sch Inc 107723.00 Hoa YN No Net Operating Income 68281.00 New Financing ConventionalSeller May Carry Operating Exp 30824.00 Other Income 0.00 Owner Pays WaterLandscapingTrashGasElectricSewer Project Type 5 - 12 Units Sale Includes Land & BuildingPersonal Property Sewer Sewer - Public Source Of Financial Data Provided By OwnerProjected Proforma Tax Municipality Glendale Taxes 3724.00 Tenant Pays Cable Tv Totl Mnth Rntal Inc 8977.00 Vacancy Allowance 0.03 Water City Franchise Zoning M1

    Listing courtesy of Tru Realty, Llc.
    © 2019 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 Yost Realty Group at RE/MAX Casa Grande. Data last updated 2019-02-22T07:11:39.29.
     
    Yost Realty Group at RE/MAX Casa Grande
    317 E. Cottonwood Lane, Suite C
    Casa Grande AZ, 85122