- Save your searches
- Get updates on listings
- Track listings
- Add notes and messages
- Personalize your dashboard
7002 N 76TH Avenue, Glendale, AZ 85303
Description
Supplements: Unit features include fully appointed kitchens with electric appliances, ceramic tile countertops and backsplashes, ceramic tile flooring, ample closet space, vertical blinds, ceiling fans, solid core front and rear entry doors, spacious private backyards with 6 foot block walls and individual storage units. Glenview Estates has been owned and operated by the same local entity for the past 10 years. Current ownership has infused substantial capital into the property including completely renovating 18 of the units with new cabinets, countertops, backsplashes, appliances and flooring and HVAC units and re-landscaping the property with attractive low water use plants and trees. Due to the hands-on ownership, Glenview Estates consistently outperforms the Glendale submarket fundamentals. The property is situated on approximately 2.1 acres and is attractively landscaped with low water use plants and palm trees. Community amenities include ten laundry facilities and exterior lighting and covered parking. Each building within the community has its own water meter and sub-meters for individual units, providing an investor the opportunity to implement a RUBS system in which residents are billed back for their water usage which will further reduce the property's already minimal expenses. As a potential exit strategy, a seasoned investor has the option of selling the tri-plexes off separately to individual investors. While the average occupancy in metro Phoenix remained unchanged over the past year, the Glendale submarket occupancy improved by 335 basis points. With the improving submarket fundamentals coupled with the Phoenix market's continual improvement and recovery, Glenview Estates is well positioned to achieve continual revenue increases.
More Information MLS# 5129695
Contract Info
Location, Tax & Legal
General Property Description
Legal Info
Project Type
Construction
Const - Finish
Roofing
Floors
Sale Includes
Income & Expenses
Pmt & Rate Info
Community Features
Heating
Cooling
Exterior Amenities
Interior Features
Tenant Pays
Appliances Included
Road Access Type
Road Surface Type
Source of Fincl Data
Water Source
Sewer
Parking Features
Electric
Gas
Owner Pays
New Financing
Existing 1st Loan
Existing 1st Loan Type
Existing 1st Loan Terms
Existing 2nd Loan
Existing 2nd Loan Type
Existing 2nd Loan Terms
Existing 3rd Loan
Existing 3rd Loan Type
Reports/Disclosures
Existing 3rd Loan Terms
Environmental
Existing Othr Ln Trm
Contact Info
Efficiency Units
1 Bedroom Units
2 Bedroom Units
3 Bedrooms Units
4 Bedrooms Units
Sold Info
Remarks Misc
Status Change Info
Income Expenses
Property Features