5-Unit HOT Remodeled Ranch

2421 W Glenrosa Ave. Phoenix AZ 85015
  • $1,350,000
  • $270,000
  • / Unit

5-Unit HOT Remodeled Ranch

2421 W Glenrosa Ave. Phoenix AZ 85015
Yearly Income $89,195
Yearly Expenses $31,643
Current Rents $76,922
Pro Forma Rents $84,840
  • 8
  • Bedrooms
  • 5
  • Bathrooms
  • -
  • Sq Ft
  • 1952
  • Year Built
  • 100%
  • Occupancy
  • 8
  • Parking
  • 1
  • Stories
  • None
  • Heating System
  • Central Air
  • Cooling System
  • In Unit, Free
  • Laundry
  • 8
  • Bedrooms
  • 5
  • Bathrooms
  • -
  • Sq Ft
  • 1952
  • Year Built
  • 100%
  • Occupancy
  • 8
  • Parking
  • 1
  • Stories
  • None
  • Heating System
  • None
  • Cooling System
  • In Unit, Free
  • Laundry

About the property

Welcome to a prime investment opportunity in the heart of Phoenix. This well-maintained property offers not only existing income potential but also valuable land for future development, making it an ideal addition to your investment portfolio.

One of the most attractive aspects of this investment is the substantial vacant land adjoining the existing units. With approximately 25,000 Sqft, this land presents an incredible opportunity for future expansion and development. Situated on a 0.57 Acre Lot, In an Arizona Opportunity Zone. Zoned R-3 For Multifamily. Exterior upgrades feature a cosmetic remodel, New HVACs, Main Sewer, Windows, Doors, & Installation of Covered Parking. Interior upgrades feature New wood-tile flooring, white quartz countertops, New cabinetry, stainless steel appliances, and remodeled bathrooms. The possibilities for growth are virtually limitless. Whether you choose to improve this lot or not, this property offers the flexibility to meet your investment goals.

This investment property with land for more units represents an excellent opportunity for investors looking to diversify their portfolio and capitalize on the growing demand for housing and multifamily spaces in this thriving community. Don’t miss your chance to secure a valuable asset with both immediate income potential and the promise of future growth. Contact us today to schedule a viewing and discuss this exciting investment opportunity in more detail.

About the neighbourhood

  • Phoenix features a variety of housing options, boasting a mix of architectural styles, from mid-century modern to more contemporary designs. Its central location offers a mix of urban living, educational, opportunities, shopping, dining, and recreational options. Its central location and diverse community make it an appealing place to live for a wide range of residents.

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Walkscore

Nearby

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Contact Information

Treyton Standifer

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Property Pricing

Based on Citypoint’s communication with the seller, the price point listed is a price that the seller should be willing to transact at. Any terms for, or against, the seller can help/hurt this price level.

Many sellers have loan balances that need to be paid off at closing. If the seller’s net proceeds after commissions, taxes, closing fees, rent credits, security deposit credits, etc fall below their current loan balance the price will most likely be denied by the seller.

Bid prices are subject to final seller confirmation. Seller confirmation is subject to a final buyer and seller signed contract.

Multiple bids from multiple parties may exist.

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