9225 N 59th Avenue #213, Glendale AZ 85302
$80,000
MLS #: 4637774 Property Type: Condo/Townhome Total Finished Sqft: 1,238 Style: Two Levels Bedrooms: 2 Baths: 1.75 MAKE AN APPOINTMENTRemarks: Investors dream.... Tenant occupied townhouse in the heart of Glendale. Near Saguaro Ranch Park & Library. Currently rented at $830 per month, with lease expiring January 2013. 2 spacious bedrooms and 1.75 baths, large great room with vaulted ceilings and fireplce. 2 car garage with direct access from kitchen. View of pool and spa from private deck. This property will bring in total rents of $9,960 less 5% vacancy of -$498 per year so $9,462 adjusted gross income. Then after projected expenses of $3,460 the amount an investor would pocket is $6,002 per year based on pro forma. This is a 7.50% CAP Rate. Buyer to verify all financials, zoning, measurements, and all items of concern prior to close of escrow.
Listing Office: The Robinson Group
Details
Property Type:
Condo/Townhome
Total Finish SQFT: 1,238
Bedrooms: 2
Baths: 1.75
Basement Type:
Unspecified
Lot Size:
Unspecified
Year Built: 1983
Subdivision: Olive Glen Condominiums
Garage: Garage
Garage Spaces:
2.0
HOA Fees: N/A
Estimated Taxes: $682
Price/Sqft: $65
Features
Design Features: Vaulted Ceiling(s). 1 Fireplace,Fireplace Family Rm. Construction: Frame - Wood. Heating: Electric Heat. Cooling: Refrigeration. Flooring: Carpet,Tile.
School Information
School District: 011 - Peoria Unified District
Elementary School: Heritage
Middle School: Heritage
High School: Ignacio Conchos
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Area Information
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Be sure to compare different loan scenarios!
For example: Instead of a 30 year fixed rate at 6.25%, consider a 7/1 ARM* at 5.5%, or a 5/1 ARM* at 5.375%.ARM's are an exellent loan for someone who knows he/she will only own the home for a short period of time (Under 6 to 8 years). This option could save you THOUSANDS of dollars compared to a 30-year fixed rate. Consult with your agent for more details.
* A 7/1 ARM is a loan amortized over 30 years with a fixed rate for 7 years. After seven years, the
rate converts to an adjustable rate.
* A 5/1 ARM is a loan amortized over 30 years with a fixed rate for 5 years. After five years, the
rate converts to an adjustable rate.
Similar Properties
Bedrooms:2
Baths:2.00
Total SQFT:1,215
MLS Number:4764586
Listing Source: Arizona Region Multiple Listing Service