Properties
Glendale, AZ 85301 5820 W CLAREMONT Street
$5,999,999
19 more
Presented By: Orion Investment Real Estate; 480-634-6934
Home Details
The Claremont Apartments are a well-located 36-unit asset at 5820 W Claremont Street, in close proximity to historic Downtown Glendale. The property consists of 6 total buildings constructed in 1975 with a unit mix of (24) large 1bed-1bath units, (12) 2bed-2bath units and an average size of 780 SF. Over 75% of the units have private yards attached and the property has a leasing office and community laundry facility on-site as well.
With 100% of units having been renovated in the past 24 months, the asset now features a unique operational value-add through strategic rent increases to market levels, implementation of RUBS, reduction of controllable operating expenses and improving management efficiencies to drive increased occupancy and income.
Presented By: Orion Investment Real Estate; 480-634-6934
Interior Features for 5820 W CLAREMONT Street
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringLaminate, Carpet, Vinyl
Heating Y/NYes
General for 5820 W CLAREMONT Street
Additional Parcels Y/NNo
Attached Garage No
Cap Rate6.58
Carport Y/NNo
CityGlendale
Community FeaturesManager Res/Office, No Pool
Construction MaterialsCement Siding, Wood Frame, Stucco, Block
CoolingCentral Air, Ceiling Fan(s)
CountyMaricopa
DisclosuresNone
ElectricAPS, Individual Meter
Elementary School DistrictGlendale Elementary District
Garage Y/NNo
Gross Income554931.0
HeatingForced Air
High School DistrictGlendale Union High School District
Lease Considered Y/NNo
Lease Renewal Y/NNo
MobileHomeRemainsYNNo
Net Operating Income395000.0
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
Number Of Units Total36
Open Parking Spaces52.0
Operating Expense14585.0
OwnerPaysTrash Collection, Water, Sewer, Landscaping
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofComposition
Security FeaturesFire Sprinklers
Senior CommunityN
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameWOODFORD ADDITION BLOCK 3 LOTS 110
Tax Annual Amount14585.0
Tax Lot8
Tax Year2025
Township2N
Year Built1975
ZoningR-4
Exterior for 5820 W CLAREMONT Street
Covered Spaces0.0
Crops Included Y/NNo
Exterior AmenitiesSidewalk(s)
Irrigation Water Rights Y/NNo
Lot Dimensions165x535
Number of Buildings6
Parking FeaturesFree, >1 Space Per Unit, On Street
Road Surface TypeAsphalt
SpaNo
Total Parking52.0
Water SourceMaster Meter, City Franchise
Additional Details
Price History
