4717 W Nicolet Avenue, Glendale, AZ 85301
- $562,000
- Sold Price
- $562,000
- List Price
- $600,000
- Status
- CLOSED
- Closing Date
- Sep 30, 2024
- Days on Market
- 25
- MLS#
- 6754785
- City
- Glendale
- Year Built
- 1944
Property Description
Don't miss this fantastic opportunity to own a unique multi-unit investment property with tons of value added potential! A charming complex that features 3 rental units. The main house boasts terrific curb appeal, accompanied by a cozy guest house and a garage conversion. The property is designed for easy care, with fenced yards, a mix of covered and open patio spaces, and spacious parking. Two of the three units are currently occupied by long-term, reliable tenants, ensuring immediate rental income. The third unit has been recently upgraded and is ready to be rented. In addition to the living spaces, this property includes a large storage unit and offers a high land-to-building ratio. This means there's plenty of excess space for RV or boat parking.
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Additional Information
- Taxes
- $1,799
- Net Operating Income
- $26,871
- Cap Rate
- 4.48
- Units
- 3
- Flooring
- Vinyl
- Parking Features
- RV/Boat Parking, >1 Space Per Unit, Common
- Construction
- Painted, Stucco, Frame - Wood
- Roofing
- Built-Up
- Cooling
- Electric, Ceiling Fan(s)
- Heating
- Natural Gas
- Zoning
- R1-6
- Subdivision
- Nicolet Place
- Community Features
- Other
- Electric
- SRP, Master Meter
- Water
- City Franchise
- Sewer
- Public Sewer
- Tenant Pays
- Cable TV
- New Financing
- Conventional
- Elementary School
- Melvin E Sine School
- Middle School
- Melvin E Sine School
- High School
- Apollo High School
- School District
- Glendale Union High School District
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Listing courtesy of RE/MAX Professionals. Selling Office: Non-MLS Office.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.