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8602 N 56th Drive

Glendale, AZ 85302
  • $1,000,000
  • STATUS: Active
  • ON SITE: 15 Days
  • MLS #: 6508725
UPDATED: 94 min ago
$1,000,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1972
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Turn key investment portfolio in the highly sought after city of Glendale. Offering 2 hand curated and exceptional short term rental properties that have over $250k in renovation and remodeling costs. This is a unique offering to purchase a stable portfolio of homes in the exceedingly strong and sought-after Phoenix housing market and its hottest neighborhoods, Glendale. This offering has immediate cash flow and revenue growth built in. With over 40% of households in Metropolitan Phoenix being renter-occupied, this a perfect opportunity for short or long term rental operations. The in place operations offer continued stability and favorable operational costs.In recent years, Glendale has benefited from transformational investment that has dramatically increased the residential population and generated a rich array of restaurants, retail, events and entertainment venues. The surrounding neighborhood includes Glendale Entertainment District, brand new Tesla Service Center and the NFL Cardinals State Farm Stadium. 23 new residential developments are currently under construction in the area (over 4,000 new homes) and over 100,000 residents. This is a bulk sale, the following parcel's are included - 148-19-231, 231-07-668

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Arizona Regional MLS logo© 2023 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Elite Home Advisors | Keller Williams Realty Phoenix. Data last updated 2023-02-02T00:42:37.33.
www.yournextphoenixhome.com/homes/136129037
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8602 N 56th Drive Glendale, AZ 85302

  • Price: $1,000,000
  • Status: Active
  • On Site: 15 Days
  • Updated: 94 min ago
  • MLS #: 6508725
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1972
Built
County:
Maricopa
Area:
Glendale
Elementary School:
Glendale American School
Middle School:
Glendale American School
High School:
Glendale High School
Property Description
Turn key investment portfolio in the highly sought after city of Glendale. Offering 2 hand curated and exceptional short term rental properties that have over $250k in renovation and remodeling costs. This is a unique offering to purchase a stable portfolio of homes in the exceedingly strong and sought-after Phoenix housing market and its hottest neighborhoods, Glendale. This offering has immediate cash flow and revenue growth built in. With over 40% of households in Metropolitan Phoenix being renter-occupied, this a perfect opportunity for short or long term rental operations. The in place operations offer continued stability and favorable operational costs.In recent years, Glendale has benefited from transformational investment that has dramatically increased the residential population and generated a rich array of restaurants, retail, events and entertainment venues. The surrounding neighborhood includes Glendale Entertainment District, brand new Tesla Service Center and the NFL Cardinals State Farm Stadium. 23 new residential developments are currently under construction in the area (over 4,000 new homes) and over 100,000 residents. This is a bulk sale, the following parcel's are included - 148-19-231, 231-07-668
Exterior Features

Construction Frame - Wood Construction Finish Painted Covered Parking Spaces 2.00 Lot Size Dimensions 100.59 X 27.88 X 125.80 Parking GarageOther (See Remarks)Paved Parking Roads Asphalt Roofing Comp Shingle

Interior Features

1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 0 2 Bedroom Units Baths 0 3 Bedroom Unit Avg Sq Ft 1500 3 Bedroom Unit Baths 2 4 Bedroom Unit Avg Sq Ft 1700 4 Bedroom Unit Baths 2 Appliances Included DishwasherDisposalF/S Oven/RangeMicrowaveRefrigeratorWasher/Dryer Cooling ElectricSee Remarks Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Carpet Heating ElectricSee Remarks

Property Features

1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 0.00 2 Bedroom Units 0 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 1 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 1 Adjusted Gross Inc 71000.00 Annual Other Expense 8799.00 Annual Ownr Asoc Fee 0.00 Community Amenities See Remarks Cross Street 57th Ave/ Olive Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Other (See Remarks)Srp Gas NoneOther (See Remarks) Gross Annual Sch Inc 71000.00 Hoa YN No Net Operating Income 62201.00 New Financing 1031 ExchangeConventionalCtlVa Operating Exp 10184.00 Other Income 0.00 Owner Pays See Remarks Project Type Other (See Remarks) Sale Includes Land & Building Sewer Other (See Remarks)Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Maricopa - County Taxes 1385.00 Tenant Pays Other (See Remarks) Vacancy Allowance 0.00 Water City FranchiseSee Remarks Zoning R1-6

Arizona Regional MLS logo Listing provided by North & Co: 480-843-5101 .


Arizona Regional MLS logo© 2023 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Elite Home Advisors | Keller Williams Realty Phoenix. Data last updated 2023-02-02T00:42:37.33.
 
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Elite Home Advisors | Keller Williams Realty Phoenix
4862 E Baseline Rd
Mesa AZ, 85206