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2420 W Glenrosa Avenue
Phoenix, Arizona AZ 85015
Price: $4,000,000
Listing ID 6405167
Status Active
Year Built 1968

Property Description:

For additional information about this property located in Phoenix, Arizona, please fill out the Request More Information form.

Primary Features

County: Maricopa
Property Sub Type: 13 - 24 Units
Property Type: Multifamily Residential
Year Built: 1968
Zoning: R-3

Interior Features

1 Bedroom Units: 3
1 Bedroom Units: Average SqFt: 480
1 Bedroom Units: Number of Baths: 3
2 Bedroom Units: 12
2 Bedroom Units: Average SqFt: 736
2 Bedroom Units: Number of Baths: 12
4 Bedrooms Units: 1
4 Bedrooms Units: Average SqFt: 1236
4 Bedrooms Units: Number of Baths: 1
Appliances Included: BI Oven/Range
Cooling: Window/Wall Unit
Floors: Concrete
Heating: Wall Furnace
Total Units: 16

External Features

Construction: Block
Exterior Amenities: Partially Fenced
Exterior Finish: Painted
Lot Size Dimensions: 43529
Parking: >1 Space Per Unit
Roads/Streets: Asphalt
Roofing: Comp Shingle
Total Parking Spaces: 21

Location Information

Country: USA
High School District Number: 210 - Phoenix Union High School District
Lot Number: 6
Map Code/Grid: P33
School District: 068 - Alhambra Elementary District


Community Amenities: No Pool
Electric: SRP
Entry Timestamp: 2022-05-24T14:27:05+00:00
Gas: SW Gas
Marketing Name: The Capri
Owner Association: No
Sewer: Sewer - Public
Vacancy Allowance: 0.05
Water: Master Meter

Financial Details

1 Bedroom Units: Average Rent: 1145
2 Bedroom Units: Average Rent: 1295
4 Bedrooms Units: Average Rent: 1695
Adjusted Gross Income: 252240.2
Annual Electric Expense: 11886
Annual Insurance Expense: 5769
Annual Landscape Expense: 5810
Annual Legal and Accounting: 3200
Annual Maintenance Expense: 8000
Annual Management Expense: 9643
Annual Other Expense: 3200
Annual Replacement Reserves: 4800
Contingency Type: No
Financial Data Source: Projected Proforma, Provided by Owner
Gross Annual Scheduled Income: 255960
Net Operating Income: 192048
New Financing: 1031 Exchange, Conventional, No Carry
Operating Expense: 56586
Other Income: 9556
Owner Pays: Landscaping, Sewer, Trash Collection, Water
Sale Includes: Land & Building
Tax Municipality: Maricopa - COUNTY
Taxes: 4278
Tenant Pays: Electric

Zoning Info

© 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than Arizona Elite Properties are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Elite Properties shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing courtesy of Marcus & Millichap. Listing data last updated Sunday, August 7th, 2022 03:21:30 PM.

Contact - Listing ID 6405167

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Michael Bohlman

2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800

Data services provided by IDX Broker