Properties
Glendale, AZ 85301 5911 W LAMAR Road # 2
$534,000
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. Some deferred maintenance is necessary which is reflected in the price. Property is eligible for 1031 exchange. Seller carry available with half down and $640,000 purchase 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
FlooringCeramic Tile
Heating Y/NYes
General for 5911 W LAMAR Road # 2
Additional Parcels Y/NYes
Attached Garage No
Cap Rate10.1
Carport Y/NNo
CityGlendale
Community FeaturesNo Pool
Construction MaterialsStucco, Block
CoolingWindow/Wall Unit
CountyMaricopa
DirectionsOne block south of Glendale Ave, turn right on 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 Income65268.0
HeatingElectric
High School DistrictGlendale Union High School District
Insurance Expense2349.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
MaintenanceExpense1000.0
MobileHomeRemainsYNNo
Net Operating Income57975.95
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
New Financing: FHATrue
New Financing: VATrue
Number Of Units Total6
Occupancy TypeTenant
Open Parking Spaces63.0
Operating Expense8624.05
OwnerPaysWater, Landscaping
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofRolled/Hot Mop
Senior CommunityN
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameORCHARD ADD BLK 20-21-22, & 38-39-40 AMD
Tax Annual Amount648.0
Tax Lot2
Tax Year2024
Township2N
Trash Expense0.0
Unit Number2
Water Sewer Expense4327.05
Year Built1940
ZoningC-2
Exterior for 5911 W LAMAR Road # 2
Covered Spaces0.0
Crops Included Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions2250
Number of Buildings3
Parking Features1 Space/Unit
Road Surface TypeAsphalt
SpaNo
Total Parking63.0
Water SourceMaster Meter, City Franchise
Additional Details
Price History
