$266,000 5911 W Lamar Road, Unit 1 Glendale, AZ

MLS: 5749907   Type: Multi-Family   County: Maricopa   City: Glendale   Zip: 85301     Taxes: $839

Mortgage $1,249 /mo



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CASH COW WITH FANTASTIC LOCATION!! Walking distance to Historic Downtown Glendale, minutes on Grand Ave puts you in Downtown Phoenix and is close to Westgate amenities. This low vacancy property is on 3 separate parcels: 144-10-071, 074, 077. Six garden style studio units with kitchen, bath and 5 out of 6 include a private courtyard patio. Newer wall AC & heating units! Each separately metered for APS. Lot 1- Detached solid brick construction. Lot 2- Four-plex solid block construction. Lot 3- Stand alone building with a small yard. Low cost low maintenance landscaping, all units have tiled floors, tiled countertops with few replaceables. Fully occupied with 6% escalator clauses written into the leases.

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Price History

4/11/2018 Listed $279,000
5/16/2018 2% - $274,000
5/31/2018 2% - $271,000
6/27/2018 2% - $266,000

1 Bedroom Units: Avg Rent 0.00
2 Bedroom Units: Avg Rent 0.00
3 Bedrooms Units: Avg Rent 0.00
3 Bedrooms Units: Avg Sqft 0
4 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Sqft 0
Construction Block, Frame - Wood, Brick
Listing Status Active
Map Code/Grid N32
Net Income 30270.00
New Financing No Carry
Owner Pays Water, Landscaping, Sewer
Property Type F
Public Remarks CASH COW WITH FANTASTIC LOCATION!! Walking distance to Historic Downtown Glendale
School District 040 - Glendale Elementary District
Tenant Pays Electric, Cable TV
Type ER
Unit Number 1
Year Built 1960
Zoning C2 R3

Interior Features

1 Bedroom Units: # 1 Bedroom Units 0
1 Bedroom Units: # Baths 0
1 Bedroom Units: Avg Sqft 0
2 Bedroom Units: # 2 Bedroom Units 0
2 Bedroom Units: # Baths 0
2 Bedroom Units: Avg Sqft 0
3 Bedrooms Units: # 3 Bedroom Units 0
3 Bedrooms Units: # Baths 0
4 Bedrooms Units: # 4 Bedroom Units 0
4 Bedrooms Units: # Baths 0
Appliances Included BI Oven/Range, Refrigerator
Cooling Window/Wall Unit
Electric APS, Individual Meter
Floors Ceramic Tile
Gas None
Heating Electric
Interior Features Unfurnished, Fire/Smoke Alarm(s)
Total Number of Units 6.00

Exterior Features

Complex Features No Pool
Const - Finish Painted, Stucco
Covered Parking Spcs 0.00
Exterior Features Patio/Balcony
Lot Size Dimensions 6642
Parking 1 Space/Unit
Roof Rolled
Sewer Sewer - Public
Total Parking Spcs 6.00
Water City Franchise

Property Schools

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Property vs Zip Code Avg (85301)

Price 266K Avg 482K

Taxes $839 Avg $1,644

Visits 125 Avg 87

Days on Site 131 Avg 55

Walkscore® 87 Avg 53

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Listing Provided Courtesy Of: Open House Realty

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Location & Address

Stephanie Woods-Lembach
2485 N Great Western Dr, Ste B
Prescott Valley, AZ

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