$1,300,000
Glendale, AZ 85302
MLS# 6693678
1 / 17
Property Description
Beautifully updated apartments with a modern look and feel in a serene setting. Immediate cash flow with this complex that your tenants will love. There are 8 units total, split into 4 units at 6043 W Laurie and 4 at 6049 W Laurie. The two must be purchased together. Every unit has been completely remodeled and has new plumbing, electrical, fixtures, cabinets, counters, doors, and windows. Great opportunity in a great location! **List price reflects each 4-unit building individually.**
Details
Maps
Contract Info
Current Price: $1,300,000
List Price: $1,300,000
Status: Active
List Date: 2024-04-18
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 6043
Compass: W
Street Name: Laurie
St Suffix: Lane
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85302
Country: USA
County Code: Maricopa
Assessor's Map #: 14
Assessor's Parcel #: 16
Assessor Parcel Ltr: A
Add'l Parcels: Yes
Assessor Number: 143-14-016-A
Legal: LOT 16 GLENDALE ESTATES MCR 006624
Tax Municipality: Glendale
Taxes: 1380
Tax Year: 2023
Marketing Name: Laurie Lane Apartments
General Property Description
Lot Size Dimensions: 135x147
Year Built: 1958
Total # of Units: 4
# of Buildings: 1
Zoning: R-4
Elementary School District: Glendale Elementary District
High School District: Glendale Union High School District
Remarks & Misc
Cross Street: W. Northern Ave & N. 61st Ave
Directions: North on 61st Avenue to property on SE corner of Laurie Lane and 61st Avenue
Geo Lat: 33.558152
Geo Lon: -112.190113
Status Change Info
Status Change Date: 2024-04-18
Legal Info
Lot Number: 16 & 17
Income & Expenses
Owner Association: No
Operating Exp: 1380
Gross Annual Sch Inc: 150600
Other Income: 5534
Vacancy Allowance: 0.05
Adjusted Gross Inc: 148327.3
Net Operating Income: 122192
Pmt & Rate Info
Cap Rate: 9.4
Down Payment %: 100
Equity: 1300000
Showing Notification Methods
Showing Service: No Showing Service Used
1 Bedroom Units
# 1 Bedroom Units: 6
Avg Rent: 1500
Avg SqFt: 675
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1675
Avg SqFt: 765
# Baths: 1
Property Features
Project Type: Four Plex; 5 - 12 Units
Construction: Block; Other (See Remarks)
Const - Finish: Painted; Other (See Remarks)
Roofing: Comp Shingle; Other (See Remarks)
Floors: Other
Sale Includes: Land & Building
Community Amenities: Other
Exterior Amenities: Landscape Wtr System; Green Landscaping; Desert Landscaping; Fenced; Partially Fenced
Appliances Included: BI Oven/Range; Refrigerator; Dishwasher; Washer/Dryer; W/D Hookup
Heating: Other
Cooling: Ceiling Fan(s); Individual; Central A/C; See Remarks
Water: City Franchise; See Remarks
Sewer: Sewer - Public; Other (See Remarks)
Electric: Other (See Remarks)
Gas: Other (See Remarks)
Parking: Other (See Remarks)
Roads/Streets: Asphalt; Sidewalk(s)
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electric; Other (See Remarks)
Source of Fincl Data: Projected Proforma
Lockbox Type: Mech-box / Combo
New Financing: Cash; Conventional; 1031 Exchange
Reports/Disclosures: None
Environmental: None
Listing Office: West USA Realty
Last Updated: May - 02 - 2024
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