7143 N 66th Drive, Glendale, AZ 85301
- $600,000
- 7
- BD
- 4
- BA
- List Price
- $600,000
- Status
- ACTIVE
- Days on Market
- 8
- MLS#
- 7074579
- City
- Glendale
- Bedrooms
- 7
- Bathrooms
- 4
- Year Built
- 1984
Property Description
Fully Leased Fourplex with Rental Upside! This well-maintained fourplex features three 2-bedroom/1-bath units and one oversized 1-bedroom/1-bath unit. Recent improvements include three brand-new AC units and new exterior paint. The property currently generates $49,560 in gross annual income ($4,130/month) and is fully leased, providing immediate stabilized cash flow. Two long-term tenants are currently paying below-market rents, creating an excellent opportunity for a new owner to increase rental income over time.
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Additional Information
- Taxes
- $1,545
- Net Operating Income
- $38,583
- Cap Rate
- 6.43
- Units
- 4
- Parking Features
- >1 Space Per Unit
- Construction
- Wood Frame, Painted
- Roofing
- Composition
- Cooling
- Electric, Varies by Unit
- Heating
- Electric, Varies by Unit
- Zoning
- R-3
- Subdivision
- Pecan Ridge One Lot 1-18 Tr A
- Community Features
- No Pool
- Electric
- Individual Meter
- Water
- Master Meter, City Franchise
- Tenant Pays
- Electricity
- New Financing
- VA Loan, FHA, Conventional, 1031 Exchange, No Carry, Cash
Courtesy of Compass. 480-776-1555
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