🏡Glendale 4-plex with a 13% cap Rate!!!🏡

[Isaac Moore]

More Pictures Here!

7956 W Glendale Ave, Glendale, AZ 85303

Property Details:
Lot: 11,362 sqft
Bedroom: 8
Bathroom: 4
Access: Appointment

Price: $209,000

-Property is a 4-Plex, All 2 Bed/1 Bath Units and they're all occupied
-Low maintenance property that sits on huge corner lot, over 11,362 sqft
-Each Units rents at least $650 for a total income of $2,625 a month. Huge 13% CAP Rate-All leases are currently month to month so you can do whatever works best for you

Some options are:
1) BUY & HOLD: Keep current tenants, renew their leases and just keep collecting at a great CAP Rate
2) FIX & FLIP: Do some improvements, raise the rent to increase the property value and re-sale it for a profit
3) RE-ZONE TO COMMERCIAL: Easily turn this building into 4 retail spaces due to its great location

Access:
Drive by ONLY! Property is occupied. Please DO NOT DISTURB TENANTS! After accepted contract, please call to schedule a time to view the property

Comps:
Active Listings: (Same ZIP Code and within 1.5 miles)

7602 W Palmaire Ave. Glendale, AZ 85303
12 Units
$958,800
$79,900 / Unit
6.25% CAP Rate

6742 W Palmaire Ave. Glendale, AZ 85303
4 Units
$225,000
$56,250 / Unit
7.95% CAP Rate

6725 W Palmaire Ave. Glendale, AZ 85303
4 Units
$212,000
$53,000 / Unit
7.95% CAP Rate

Terms:
-Open escrow with $3,000 nonrefundable earnest deposit with a cashier's check made out to our title company of choice; please contact us for more details.
-Wholesalers + Realtors Please ADD your Fee before sending out.
-Cash, Hard Money only.
-Property comes in "AS-IS" condition.
-Buyer pays all closing costs and escrow fees.

☎ Contact Andrew for more info (480) 980-9022 call/text. Hablo Español