Multifamily Property for Sale in Glendale, Arizona

7211 N 54th Ave, Glendale, AZ 85301

Property Highlights:

  • All large 2 bed 1 bath units.
  • All units with washer driers.
  • Upstairs units have vaulted ceilings with skylights.
  • All units with fireplaces.
  • Below market rents
  • Located close to historic central Glendale.

Property Description:

Great value add investment of 10 large 2BD/2BA units all with interior laundry and fireplaces. Upstairs units have vaulted ceilings with skylights. Myrtle Manor sits on 0.37 acres located near Historic Downtown Glendale. Recent improvements include new carpet, some new appliances, new 2-tone paint, new blinds and new ceiling fans. Rents are below market … take advantage of upcoming turns to leverage strong rental market. Easy to manage.Located near the US-60, property is in a well-established sub-market, close to shopping and schools.

Key Figures

Price$748,000Cap Rate6.50%
No. Units10Occupancy100%
Building Size11,172 SFNo. Stories2
Price/Unit$74,800Year Built1985
Property TypeMultifamilyLot Size16,100 SF
Property Sub-typeGarden / Low-RiseAPN / Parcel ID147-18-118
Property Use TypeInvestmentParking Ratio1.33 / 1,000 SF
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