Properties
Glendale, AZ 85301 5911 W LAMAR Road # 2
$699,000
Presented By: Open House Realty; 623-299-4954
Home Details
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.
Presented By: Open House Realty; 623-299-4954
Interior Features for 5911 W LAMAR Road # 2
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
Electric On Property Y/NNo
FlooringCeramic Tile
Heating Y/NYes
Street SuffixRoad
General for 5911 W LAMAR Road # 2
Additional Parcels Y/NYes
Attached Garage No
Buyer Agent Compensation2.00
Buyer Agent Compensation Type%
Cap Rate8.92
Carport Y/NNo
CityGlendale
Community FeaturesNo Pool
Construction MaterialsPainted, Stucco, Block
CoolingWall/Window Unit(s)
CountyMaricopa
Current FinancingNot Applicable
Days on Market64
DirectionsOne block South of Glendale Ave, turn right o Lamar Rd. Property is on the left.
DisclosuresNone
ElectricAPS, Individual Meter
Electric Expense0.0
Elementary School DistrictGlendale Elementary District
Fuel Expense0.0
Garage Y/NNo
Gross Income69120.0
HeatingElectric
High School DistrictGlendale Union High School District
Insurance Expense2349.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet0.0
MaintenanceExpense500.0
MobileHomeRemainsYNNo
Net Operating Income62377.59
New FinancingTrue
New_sp_Financing_co_Conventional5True
Occupancy TypeTenant
Open Parking Spaces6.0
Operating Expense6742.41
OwnerPaysWater, Landscaping
OwnershipFee Simple
Percent OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofRolled/Hot Mop
Senior CommunityN
SewerPublic Sewer
Standard StatusActive
StatusActive
Street NameLAMAR
Subdivision NameORCHARD ADD BLK 20-21-22, & 38-39-40 AMD
Tax Annual Amount594.0
Tax Lot2
Tax Year2023
Tenant PaysElectricity, Cable TV
Total Units6
Township2N
Trash Expense0.0
Unit Number2
View Y/NNo
Water Sewer Expense2999.41
Year Built1940
ZoningC2
Exterior for 5911 W LAMAR Road # 2
Covered Spaces0.0
Crops Included Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions2250
Lot Size Acres0.0
Lot Size Area0.0
Number of Buildings3
Open Parking Y/NNo
Parking Features1 Space/Unit
Road Surface TypeAsphalt
SpaNo
Total Parking6.0
Water SourceCity Franchise
Additional Details
Price History
