Laurie Lane is a fully renovated, turnkey, 8-unit, single-story community in the heart of Glendale, AZ—one of the fastest-growing cities in the region. Fueled by a booming economy, expanding infrastructure, and an influx of new businesses and residents, Glendale is undergoing unprecedented growth.
Extensively upgraded in 2023, Laurie Lane offers a “like new” asset featuring two fourplexes on separate parcels. The unit mix consists of six one-bedroom and two two-bedroom apartments, averaging 698 square feet.
The property showcases a lush, expansive courtyard between the two buildings, while each unit boasts a private enclosed outdoor space. Newly renovated interiors include stainless steel appliances, subway tile backsplashes, resurfaced countertops, new cabinetry, stackable washers and dryers, hardwood flooring, new blinds, crown molding, and upgraded hardware, fixtures, and paint.
Currently 100% occupied, Laurie Lane is achieving an average in-place rent of $1,468. With strong cash flow and minimal maintenance requirements, this asset presents an exceptional investment opportunity.