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Deanne Olivas
Your Home Matters!
Keller Williams Realty
East Valley Luxre Group

2077 East Warner Road

Tempe, AZ 85284

(480) 452-5567
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Listing 1 out of 279
$1,400,000 UCB (Under Contract-Backups)

2420 Glenrosa Avenue
Phoenix, AZ 85015

16 units | Multi Family Home - MLS# 5944278
Property Photo
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Description

Value Add, 16 Unit Apartment Complex Located in the Opportunity Zone. Take advantage of the perfect opportunity to invest in this improving area. Garden Style apartments with block construction. All HVAC units replaced approximately 5 years ago. New architectural shingle roof installed approximately 5 years ago. Rents below market with upside income potential. Unit Mix consist of 13 large 2 bedroom 1 bathroom units and 3 - 1 bedroom 1 bathroom units 1. Apartment complex is 100% leased. Located within 1/2 Mile of Light rail station.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: UCB (Under Contract-Backups)
  • County/Area: Maricopa County
  • Zip Code: 85015
  • Year Built: 1970
  • Subdivision/Neighborhood: Fruitland Acres 9-11, 13-16
  • School District: 068 - Alhambra Elementary District
  • Elementary School: Westwood Primary School
  • Middle School: R E Simpson School
  • High School: Central High School
  • Units: 16 units
  • # of Parking Spaces: 16
  • Zoning: R-3
  • 1 Bedroom Units: # 1 Bedroom Units: 3
  • 1 Bedroom Units: # Baths: 3
  • 1 Bedroom Units: Avg Rent: 450.00
  • 1 Bedroom Units: Avg SqFt: 600
  • 2 Bedroom Units: # 2 Bedroom Units: 13
  • 2 Bedroom Units: # Baths: 13
  • 2 Bedroom Units: Avg Rent: 650.00
  • 2 Bedroom Units: Avg SqFt: 825
  • Appliances Included: F/S Oven/Range, Refrigerator
  • Const - Finish: Painted
  • Construction: Block
  • Cooling: Electric Refrigeratd
  • Electric: APS
  • Floors: Carpet, Vinyl/Composition
  • Heating: Electric
  • High School Dist #: 210 - Phoenix Union High School District
  • Lot Dimensions: IRR
  • Marketing Name: Opportunity Zone
  • Owner Pays: Water, Sewer, Trash, Landscaping
  • Parking: Free, 1 Space/Unit, Paved Parking
  • Property Description: 13 - 24 Units
  • Roads/Streets: Asphalt/Blacktop
  • Roofing: Comp Shingle
  • Sale Includes: Land & Building
  • Sewer: Sewer - Public
  • Tenant Pays: Electric, Cable TV
  • UCB or CCBS: UCB (Under Contract-Backups)
  • Water: City Franchise
Courtesy of LRA Real Estate Group, LLC

Deanne Olivas   |   480-452-5567   |  Contact Me
2077 East Warner Road   |   Tempe, AZ 85284
Copyright © 2017. Deanne Olivas, All Rights Reserved

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