6743 W Myrtle Ave Glendale, AZ 85303

Listing details for 6743 W Myrtle Ave, Glendale, AZ 85303 : SELLER MAY CARRY. This is an excellent opportunity to purchase a building with (4) 2BD/1BA units. Unit #3 has upwards of $60K in renovation costs including new flooring, tile, A/C Unit, Paint, Kitchen Cabinets. 2 more units have new floors and paint and need basic cosmetic work, last unit needs work. Missing 3 A/C Units. The Building is being sold As-Is. Situated 3 miles east of the Glendale sport stadiums and less than a mile from the US-60. This property has desert landscaping making it easy to maintain. For the Investor: this property will bring in total rents of $21,600 less 10% vacancy of -$2,160 per year so $19,440 adjusted gross income. Then after projected expenses of $8,882 the amount an investor would pocket is $10,558 per year based on pro forma. This is a 8.12% CAP Rate