7834 E Glenrosa Avenue, Scottsdale, AZ 85251

$849,000
List Price
$849,000
Status
ACTIVE
Days on Market
14
MLS#
6196106
City
Scottsdale
Lot Size
4
Year Built
1972

Property Description

You will not find a better location! Do not miss out on this rare find. Highly desirable location walking distance to Old Town Scottsdale. This 4 plex is income producing with upside potential. The units are 2 bedroom/1 bath units with off street covered parking. Value add opportunity average monthly rent $730 per month proforma $950-1,100. Proforma cap rate 4.8%. Long term tenants, rents current, month to month. These units have been maintained by the owner, no deferred maintenance. On-site laundry facility. Great property, desert landscape and no HOA. Strong rental area, low to no vacancies. Amazing location freeway access, minutes to ASU and Sky Harbor Airport. Buyer or Buyer's agent to verify all facts and figures. Do not disturb the tenants.

Additional Information

Gross Annual Sch Inc
35040
Other Income
600
Adjusted Gross Inc
35640
Taxes
$1,417
Annual Ins Exp
900
Annual Maint Exp
4800
Annual Elec Exp
610
Annual Gas Exp
479
Annual Water Sewer Exp
2641
Annual Landscape Exp
560
Operating Exp
11407
Net Operating Income
$24,233
Units
4
Project Type
Four Plex
Pool
Yes
Guest House SqFt
4
Construction
Block
Roofing
Rolled
Parking
1 Space/Unit
Cooling
Heat Pump
Heating
Gas
Floors
Carpet, Ceramic Tile
Zoning
R5
Subdivision
Wentworth East
Electric
APS
Gas
City Gas
Water
City Franchise
Sewer
Sewer - Public
Tenant Pays
Cable TV
New Financing
Conventional
Elementary School
Navajo Elementary School
Middle School
Mohave Middle School
High School
Saguaro High School
School District
048 - Scottsdale Unified District

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Realty ONE Group.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.