For more information on this property,
contact Michael Bohlman at 480-797-3800 or mbohlman@outlook.com
5505
W
PALMAIRE Avenue,
Glendale,
Arizona
AZ
85301
Sold For: $1,575,000
Listing ID 6389513
Status Closed
Year Built 2022
Property Description:
Excellent opportunity to purchase 2 4-plexes. Property being sold with additional 4 plex at 7126 N 55th Ave. (1,799,000 million each) Newly built 4 plexes on corner lot with great income potential.
Primary Features
County:
Maricopa
Property Type:
Multiple Dwellings
Subdivision:
PARK ADDN BLKS 26-28, 7-15
Year Built:
2022
Zoning:
R3
Interior
3 Bedrooms Units # Baths:
3
3 Bedrooms Units Avg SqFt:
1771
Cooling:
Electric
Cooling:
yes
Heating:
Electric
Heating:
yes
Location
Community Features:
No Pool
Country:
US
Elementary School:
Glendale Landmark Middle School
Elementary School District:
Glendale Elementary District
General Property Description Elementary School:
Glendale Landmark Middle School
General Property Description Elementary School District2:
Glendale Elementary District
General Property Description High School:
Glendale High School
General Property Description High School District:
Glendale Union High School District
General Property Description Jr High School:
Glendale Landmark Middle School
High School:
Glendale High School
High School District:
Glendale Union High School District
Middle Or Junior School:
Glendale Landmark Middle School
Postal City:
Glendale
Water Source:
City Franchise
External
Attached Garage:
no
Construction Materials:
Painted, Stucco, Frame - Wood
Covered Spaces:
4
Electric:
APS
Garage:
yes
General Property Description # of Buildings:
1
General Property Description Flood Zone:
No
General Property Description Lot Size Dimensions:
8685
General Property Description Total # of Units:
4
General Property Description Uncvrd Parking Spcs:
8
Lot Size Dimensions:
8685
Number Of Buildings:
1
Number Of Units Total:
4
Open Parking Spaces:
8
Parking Features:
1 Space/Unit
Parking Garage:
1
Parking Total:
12
Road Surface Type:
Asphalt
Roof:
Composition
Sewer:
Public Sewer
Additional
Buyer Agency Compensation:
2.00
Mls Status:
Closed
Financial
3 Bedrooms Units Avg Rent:
2500
Cap Rate:
5.6
Disclosures:
Seller Prop Disc Stm
Gross Income:
106675.2
Gross Scheduled Income:
111120
Listing Terms:
Conventional, 1031 Exchange
Net Operating Income:
100808.06
Operating Expense:
754
Owner Pays:
Trash Collection, Water, Sewer, Landscaping
Tax Annual Amount:
754
Tax Book Number:
147.00
Tax Lot:
1
Tax Year:
2021
Tenant Pays:
Electricity, Cable TV
Zoning Info
Contact - Listing ID 6389513
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
Data services provided by IDX Broker
