1 WK'ULYH*OHQGDOH$=...1 WK'ULYH*OHQGDOH$= ... Parking Ratio : 1.99/1,000 SF Property Details 6633-6637 N 58th Drive Glendale AZ 10 Plex 6637 N 58th Dr, Glendale, AZ 85301. Unit/Room

6633-6637 N 58th Drive Glendale AZ … Presented By:tru COMMERCIAL

6637 N 58th Dr, Glendale, AZ 85301

10.2% Cap Rate on this great 10 plex in a solid C class area. Property was just purchased,remodeled/refreshed and Hom Inc. program tenants with almost all guarantee rents now occupying theproperty. Home Inc. direct deposits into your account and makes this a great cash flowing long termhold. Property improvements include: new stucco exterior with window popouts, two-tone exterior paint,new interior paint, two new gas water heaters, new electrical wiring to all units, some new kitchens, newfixtures, some new lighting, new plumbing as needed, some new appliances, replaced ceilings, and roofrepaired. Ceramic tile flooring make for easy turnover. Program means extremely low vacancy, as theyalways have another tenant waiting if there's a turn. Case manager deals with the tenants. Lease it toHom Inc., not the tenant. All units have passed Hom Inc. inspection for occupancy. Each unit has HVACheating and cooling. Landlord pays all utilities. Security cameras convey. Space to add washer/dryer ifyou wanted to increase income. Proforma is projected, as the owner has no prior history of ownership.

Price: $700,000

Almost All Guaranteed Rents

Fully Occupied

Low Maintenance Tenants

View the full listing here: https://www.loopnet.com/Listing/6637-N-58th-Dr-Glendale-AZ/15056666/

Price: $700,000

No. Units: 10

Property Type: Multifamily

Property Sub-type: Apartments

Apartment Style: Low Rise

Building Class: C

Sale Type: Investment

Cap Rate: 10.23%

Lot Size: 0.32 AC

Building Size: 7,050 SF

Gross Rent Multiplier: 1.38

No. Beds: 10

No. Stories: 1

Year Built: 1945

Parking Ratio: 1.99/1,000 SF

Property Details

6633-6637 N 58th Drive Glendale AZ 10 Plex6637 N 58th Dr, Glendale, AZ 85301

Unit/Room Mix Information

Description No. Units Avg. Rent/Mo Sq. Ft0+1 10 $60.58 350

1+1 10 $71.83 700

2+1 10 $90.75 900

6633-6637 N 58th Drive Glendale AZ 10 Plex6637 N 58th Dr, Glendale, AZ 85301

Location

6633-6637 N 58th Drive Glendale AZ 10 Plex6637 N 58th Dr, Glendale, AZ 85301

aerial print 6633 N 58th Drive 10 unit-small-001-22-Exterior-666x445-72dpi

Property Photos

6633-6637 N 58th Drive Glendale AZ 10 Plex6637 N 58th Dr, Glendale, AZ 85301

big kitchen unit 10 6633 N 58th Drive 10 unit-small-014-12-Studio Kitchen-666x445-72dpi

Property Photos

6633-6637 N 58th Drive Glendale AZ 10 Plex6637 N 58th Dr, Glendale, AZ 85301

6633 N 58th Drive 10 unit-small-015-19-Studio Kitchen-666x444-72dpi 6633 N 58th Drive 10 unit-small-016-1-Studio Bathroom-334x500-72dpi

Property Photos

6633-6637 N 58th Drive Glendale AZ 10 Plex6637 N 58th Dr, Glendale, AZ 85301

6633 N 58th Drive 10 unit-small-012-10-Bedroom-666x445-72dpi 6633 N 58th Drive 10 unit-small-013-17-Studio Patio-666x445-72dpi

Property Photos

6633-6637 N 58th Drive Glendale AZ 10 Plex6637 N 58th Dr, Glendale, AZ 85301

6633 N 58th Drive 10 unit-small-008-9-Living Room-666x444-72dpi 6633 N 58th Drive 10 unit-small-017-14-Studio Bedroom-666x445-72dpi

Property Photos

6633-6637 N 58th Drive Glendale AZ 10 Plex6637 N 58th Dr, Glendale, AZ 85301

Other print aerial overhead

Property Photos

6633-6637 N 58th Drive Glendale AZ 10 Plex6637 N 58th Dr, Glendale, AZ 85301

10plex Glendale bathroom unit 10

Property Photos

6633-6637 N 58th Drive Glendale AZ 10 Plex6637 N 58th Dr, Glendale, AZ 85301

Heather Binderheather@truCRE.com(480) 327-6700

tru COMMERCIAL335 W McDowell RdPhoenix, AZ 85003-3121

6633-6637 N 58th Drive Glendale AZ 10 Plex6637 N 58th Dr, Glendale, AZ 85301