5915 W Palmaire Avenue

    Glendale, AZ 85301
    • $224,900
    • STATUS: Active
    • ON SITE: 103 days
    • MLS #: 5958852
    UPDATED: 72 min ago
    $224,900
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1935
    County:
    Area:

    Description

    Located directly across the street from Historic Downtown Glendale with shops, restaurants, and transportation. These units have capital improvements that include new roofs, fresh paint, new dual pane, energy efficient windows, new HVAC, and heat pumps. This property consists of a front duplex, and small 2 bedroom house with a carport in the rear. Rents currently total $2,275 per month. Unit 1 is a 2 bedroom on a month to month lease at $900, and Unit 2 is a 1 bedroom on a 1 year lease at $850. Unit 3 is a 2 bedroom home that is on a month to month lease at $525. There is still room for a value add as well by renovating Unit 3, increasing rents, and/or sub-metering the electric. DO NOT DISTURB TENANTS.

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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 The Kenny Klaus Team | Keller Williams Integrity First. Data last updated 2019-11-12T13:11:51.99.
    www.klausteam.com/homes/97449240

    5915 W Palmaire Avenue Glendale, AZ 85301

    • Price: $224,900
    • Status: Active
    • Updated: 72 min ago
    • MLS #: 5958852
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1935
    Built
    County:
    Maricopa
    Area:
    Glendale
    Elementary School:
    Glendale Landmark Middle School
    Middle School:
    Glendale Landmark Middle School
    High School:
    Glendale High School
    School District:
    040 - Glendale Elementary District
    Property Description
    Located directly across the street from Historic Downtown Glendale with shops, restaurants, and transportation. These units have capital improvements that include new roofs, fresh paint, new dual pane, energy efficient windows, new HVAC, and heat pumps. This property consists of a front duplex, and small 2 bedroom house with a carport in the rear. Rents currently total $2,275 per month. Unit 1 is a 2 bedroom on a month to month lease at $900, and Unit 2 is a 1 bedroom on a 1 year lease at $850. Unit 3 is a 2 bedroom home that is on a month to month lease at $525. There is still room for a value add as well by renovating Unit 3, increasing rents, and/or sub-metering the electric. DO NOT DISTURB TENANTS.
    Exterior Features

    Construction Frame - Wood Construction Finish Stucco Covered Parking Spaces 0.00 Exterior Amenities Partially Fenced Lot Size Dimensions 90 X 170 Parking <1 Space Per Unit Roads Asphalt/Blacktop Roofing Comp Shingle Total Parking Spaces 3.00

    Interior Features

    1 Bedroom Unit Avg Sq Ft 549 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 700 2 Bedroom Units Baths 2 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/RangeRefrigeratorWasher/Dryer Cooling Central A/CElectric RefrigeratdIndividual2 Or More UnitsHeat Pump Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors CarpetCeramic Tile Heating 2 Or More UnitsGasHeat PumpIndividualCentralCeiling Fan(S) Interior Amenities Fire/Smoke Alarm(S)

    Property Features

    1 Bedroom Unit Avg Rent 850.00 1 Bedroom Units 1 2 Bedroom Unit Avg Rent 712.50 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 27300.00 Annual Elec Exp 4000.00 Annual Gas Exp 900.00 Annual Ins Exp 400.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 0.00 Annual Mgmt Exp 0.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 400.00 Annual Wtr Swr Exp 1000.00 Community Amenities No Pool Cross Street 59th Avenue And Glendale Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric ApsMaster Meter Gas Master MeterSw Gas Gross Annual Sch Inc 27300.00 Hoa YN No Net Operating Income 19967.00 New Financing 1031 Exchange Operating Exp 7333.00 Other Income 0.00 Other Type House + Rental Units Owner Pays WaterSewerElectricGasTrash Project Type Tri-Plex Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Provided By OwnerProjected Proforma Special Owner/Agent Status Update Multiple Offers Recd Tax Municipality Glendale Taxes 633.00 Tenant Pays Cable Tv Totl Mnth Rntal Inc 2275.00 Vacancy Allowance 0.00 Water Master Meter Zoning C-2

    Listing courtesy of Grayson & Grayson.


    © 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 The Kenny Klaus Team | Keller Williams Integrity First. Data last updated 2019-11-12T13:11:51.99.
     
    The Kenny Klaus Team | Keller Williams Integrity First
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