3643 E Glenrosa Ave - Apartments CONDO FOR SALE


Phoenix, AZ 85018
$1,500,000 USD
623-257-1579
3643 E Glenrosa Ave, Phoenix, AZ for Sale
$1,500,000 USD
Apartments CONDO - FOR SALE
1/89
null | 6.4% Cap Rate

3643 E Glenrosa Ave
Phoenix, AZ 85018


HIGHLIGHTS

  • Arcadia lite location. Private street very quiet. Has storage room that can be converted to washer/dryer revenue for guests.

OVERVIEW

Open for seller financing options that allow the ability to bridge later to a cash out refinance DSCR loan. 10% down 5% interest only, 15% down 4% interest only, 20% down 3.5% interest only. NOI is $96K/YR. This is a lease with corporate tenant doing Airbnb arbitrage. They cover all expenses. Corporate tenant is open to adjust the lease if new owner would like to do it themselves after the deal is closed. This investment is turn key revenue with tenant which manages and pays for everything. No vacancy, pays every month on time, no property mgmt required, no maintenance, no dealing with utilities, no head aches just easy cash flowing investment.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$535 USD /SF

CAP RATE

6.4%

# OF UNITS

1

CONDO SIZE

-

% LEASED

100%

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

MF-4 Plex - Seller Finance Option

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

2,970 SF

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,011 SF

ZONING

R-3, Phoenix

APN/PARCEL ID

170-31-032,170-31-034

ASK ABOUT THIS PROPERTY

Bill DubielValue Creation, LLCMore Info
623-257-1579

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Bill DubielValue Creation, LLCMore Info
623-257-1579

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.