Post on 10-Oct-2020
6633-6637 N 58th Drive Glendale AZ … Presented By:tru COMMERCIAL
6637 N 58th Dr, Glendale, AZ 85301
10.2% Cap Rate on this great 10 plex in a solid C class area. Property was just purchased,remodeled/refreshed and Hom Inc. program tenants with almost all guarantee rents now occupying theproperty. Home Inc. direct deposits into your account and makes this a great cash flowing long termhold. Property improvements include: new stucco exterior with window popouts, two-tone exterior paint,new interior paint, two new gas water heaters, new electrical wiring to all units, some new kitchens, newfixtures, some new lighting, new plumbing as needed, some new appliances, replaced ceilings, and roofrepaired. Ceramic tile flooring make for easy turnover. Program means extremely low vacancy, as theyalways have another tenant waiting if there's a turn. Case manager deals with the tenants. Lease it toHom Inc., not the tenant. All units have passed Hom Inc. inspection for occupancy. Each unit has HVACheating and cooling. Landlord pays all utilities. Security cameras convey. Space to add washer/dryer ifyou wanted to increase income. Proforma is projected, as the owner has no prior history of ownership.
Price: $700,000
Almost All Guaranteed Rents
Fully Occupied
Low Maintenance Tenants
View the full listing here: https://www.loopnet.com/Listing/6637-N-58th-Dr-Glendale-AZ/15056666/
Price: $700,000
No. Units: 10
Property Type: Multifamily
Property Sub-type: Apartments
Apartment Style: Low Rise
Building Class: C
Sale Type: Investment
Cap Rate: 10.23%
Lot Size: 0.32 AC
Building Size: 7,050 SF
Gross Rent Multiplier: 1.38
No. Beds: 10
No. Stories: 1
Year Built: 1945
Parking Ratio: 1.99/1,000 SF
Property Details
6633-6637 N 58th Drive Glendale AZ 10 Plex6637 N 58th Dr, Glendale, AZ 85301
Unit/Room Mix Information
Description No. Units Avg. Rent/Mo Sq. Ft0+1 10 $60.58 350
1+1 10 $71.83 700
2+1 10 $90.75 900
6633-6637 N 58th Drive Glendale AZ 10 Plex6637 N 58th Dr, Glendale, AZ 85301
Location
6633-6637 N 58th Drive Glendale AZ 10 Plex6637 N 58th Dr, Glendale, AZ 85301
aerial print 6633 N 58th Drive 10 unit-small-001-22-Exterior-666x445-72dpi
Property Photos
6633-6637 N 58th Drive Glendale AZ 10 Plex6637 N 58th Dr, Glendale, AZ 85301
big kitchen unit 10 6633 N 58th Drive 10 unit-small-014-12-Studio Kitchen-666x445-72dpi
Property Photos
6633-6637 N 58th Drive Glendale AZ 10 Plex6637 N 58th Dr, Glendale, AZ 85301
6633 N 58th Drive 10 unit-small-015-19-Studio Kitchen-666x444-72dpi 6633 N 58th Drive 10 unit-small-016-1-Studio Bathroom-334x500-72dpi
Property Photos
6633-6637 N 58th Drive Glendale AZ 10 Plex6637 N 58th Dr, Glendale, AZ 85301
6633 N 58th Drive 10 unit-small-012-10-Bedroom-666x445-72dpi 6633 N 58th Drive 10 unit-small-013-17-Studio Patio-666x445-72dpi
Property Photos
6633-6637 N 58th Drive Glendale AZ 10 Plex6637 N 58th Dr, Glendale, AZ 85301
6633 N 58th Drive 10 unit-small-008-9-Living Room-666x444-72dpi 6633 N 58th Drive 10 unit-small-017-14-Studio Bedroom-666x445-72dpi
Property Photos
6633-6637 N 58th Drive Glendale AZ 10 Plex6637 N 58th Dr, Glendale, AZ 85301
Other print aerial overhead
Property Photos
6633-6637 N 58th Drive Glendale AZ 10 Plex6637 N 58th Dr, Glendale, AZ 85301
10plex Glendale bathroom unit 10
Property Photos
6633-6637 N 58th Drive Glendale AZ 10 Plex6637 N 58th Dr, Glendale, AZ 85301
Heather Binderheather@truCRE.com(480) 327-6700
tru COMMERCIAL335 W McDowell RdPhoenix, AZ 85003-3121
6633-6637 N 58th Drive Glendale AZ 10 Plex6637 N 58th Dr, Glendale, AZ 85301