Complete info: http://5438wpalmaireave.ePropertySites.com - REHABBED, STABILIZED, CASH FLOWING - 8 Unit property in Glendale. Property consists of 8 individual 2BD/1BA houses on 3 parcels on over 1 acre. Each house has carport parking and private back yards. Long Term tenants already established. NOT A SHORT SALE. NOT AN REO. CAN CLOSE QUICKLY. New home construction nearby. Within walking distance of a wonderful park, shopping, grocery stores and schools. Completely surrounded by a strong job market meaning plenty of renters. Located a few miles north east of WestGate City Center, University of Phoenix Stadium, and has easy access to the 101 Freeway, US 60, and close to public transportation. This property will bring in total rents of $57,288 less 10% vacancy -$5,729 so $51,559 per year. Then after total expenses of $23,691 the amount the investor would pocket is $27,868 NOI per year. This is a 8.22% CAP Rate return on investment based on a cash purchase. See documents tab for additional information on Cash Flow. For quickest response, email Patrick O'Sullivan. Tenant occupied - so please DO NOT DISTURB TENANTS.
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