Address
5911 W LAMAR Road # 2, Glendale, AZ
Price
$ 694,000
Property Attributes
  • MLS#6678097
  • TypeMulti-Family
  • CountyMARICOPA
  • CityGlendale
  • NeighborhoodORCHARD ADD BLK 20-21-22 - & 38-39-40 AMD
  • Zip85301
  • StyleMultiple Dwellings
  • Year Built1940
  • Taxes$ 594
  • Price$ 694,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Arizona Regional MLS (ARMLSN)
Property Description

FANTASTIC LOCATION! Cash cow with long term tenants. Located within walking distance to Historic Glendale shopping and restaurant fare. Minutes on Grand Ave puts you in downtown Phoenix. Close to all Westgate amenities and spring training venues. Studio units sustainably developed with tile counter tops, tiled showers, tiled floors, with very little to replace. Each unit features a private courtyard patio. Units separately metered for APS. Value add propositions to include adding laundry and mini split systems. Some deferred maintenance is necessary which is reflected in the price.

Price History
3/16/2024 Listed $550,000

General Features

Sewer Public Sewer
Heating Electric
Cooling Wall/Window Unit(s)
Roof Rolled/Hot Mop
Zoning C2
Construction Materials Painted,Stucco,Block
Year Built 1940
Electric APS,Individual Meter
Tenant Pays Electricity,Cable TV
Township 2N
Unit Number 2
Tax Year 2023
Percent Ownership Fee Simple
Gross Income 69120.0
OwnerPays Water,Landscaping
Community Features No Pool
County Maricopa
Net Operating Income 62377.59
Operating Expense 6742.41
Insurance Expense 2349.0
Property Type Multiple Dwellings
Attached Garage No
MaintenanceExpense 500.0
Subdivision Name ORCHARD ADD BLK 20-21-22,& 38-39-40 AMD
Garage Y/N No
Status Active
Directions One block South of Glendale Ave,turn right o Lamar Rd. Property is on the left.
City Glendale
Buyer Agent Compensation 2.00
Disclosures None
View Y/N No
High School District Glendale Union High School District
Open Parking Spaces 6.0
Total Units 6
Lot Size Square Feet 0.0
Carport Y/N No
Street Name LAMAR
Tax Annual Amount 594.0
Electric Expense 0.0
Current Financing Not Applicable
Fuel Expense 0.0
Trash Expense 0.0
Water Sewer Expense 2999.41
Lease Renewal Y/N No
Additional Parcels Y/N Yes
Lease Considered Y/N No
Rent Control Y/N No
Days on Market 71
Standard Status Active
Occupancy Type Tenant
Elementary School District Glendale Elementary District
Tax Lot 2
Cap Rate 8.92
MobileHomeRemainsYN No
Buyer Agent Compensation Type %
New_sp_Financing_co_Conventional5 True
Ownership Fee Simple
Senior Community No
New Financing True

Interior Features

Flooring Ceramic Tile
Air Conditioning Y/N Yes
Heating Y/N Yes
Street Suffix Road
Electric On Property Y/N No

Exterior Features

Parking Features 1 Space/Unit
Water Source City Franchise
Total Parking 6.0
Lot Size Area 0.0
Number of Buildings 3
Spa No
Lot Dimensions 2250
Lot Size Acres 0.0
Road Surface Type Asphalt
Covered Spaces 0.0
Crops Included Y/N No
Open Parking Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 85301

Price
AVG $5.02M
$690K
Taxes
AVG $1,468
$594
Visits
AVG 374
221
Data Provided by Inside Real Estate®
Year Built
AVG 1969
1940