Great investment opportunity! The Bel Aire community represents an excellent investment opportunity due to its close proximity to the Westgate Development. 100% occupied with above average rents with long-term renters! 2 units are Section 8 renters! Bel Aire consists of 9 4-plexes that are individually parceled. Not a short sale. Can close quickly!For the Investor: This property is projected to bring in total rents of $31,920 less 5% vacancy of -$1,596 per year so $30,324 adjusted gross income. Then after projected expenses of $6,382 the amount an investor would pocket is $23,942 per year based on pro forma. This is a 8.40% CAP Rate.
Price
$285,000
Maricopa
4660054
Active
Description
Great investment opportunity! The Bel Aire community represents an excellent investment opportunity due to its close proximity to the Westgate Development. 100% occupied with above average rents with long-term renters! 2 units are Section 8 renters! Bel Aire consists of 9 4-plexes that are individually parceled. Not a short sale. Can close quickly!For the Investor: This property is projected to bring in total rents of $31,920 less 5% vacancy of -$1,596 per year so $30,324 adjusted gross income. Then after projected expenses of $6,382 the amount an investor would pocket is $23,942 per year based on pro forma. This is a 8.40% CAP Rate.
Listing Information
Property Type: Fourplex
1984
Yes
Master Meter
Sewer - Public
4 Total
Neighborhood
School Information
District: 040 - Glendale Elementary District
Horizon
Horizon
Glendale
Room Information
Interior Features
Other
Unfurnished, Breakfast Bar, Mini Blinds, Fire/Smoke Alarm(s), Vertical Blinds
Exterior / Lot Features
Paved Parking, Greater Than 1 Space Per Unit
Fenced
Green Landscaping, Security Light(s), Patio/Balcony, Cable TV Available, Desert Landscaping
Listing Price History
Glendale Real Estate
Glendale is located in Arizona.
Glendale, Arizona 85301 has a population of
226,721.
The median household income in Glendale, Arizona 85301 is
$49,990.
The median household income for the surrounding county is $52,224
compared to the national median of $50,935.
The median age of people living in Glendale 85301 is
32.6 years.
This information is gathered from public record data.
This information is gathered from public record data.
Sales History
Tax Info
Listing Provided Courtesy Of: Gerchick Real Estate
ARMLS listing information is updated daily. Information deemed reliable but not guaranteed. Copyright 2011 Arizona Regional Multiple Listing Service, Inc. All rights reserved. The ARMLS logo indicates a property listed by a real estate brokerage other than this broker.
Information is deemed reliable but is not guaranteed.
