Glendale 8 Units Residential Income Property $1,700,000

Building Size: 8,211 SF
Price/Unit: $212,500
Cap Rate: 5.5%
Occupancy: 88 %
No. Stories: 2
Year Built: 1958
Lot Size: 0.20 AC

Highlights

• prime n. glendale
• large 2 beds
• low maintenance

• family oriented tenants
• corner property
• laundry equip. owned

Description

prime n. glendale location. hard to find large 2 bedroom units. well maintained. mountain view from living rooms.

Financial Summary:

• Actual
• Year 2008
  
  
• Scheduled Gross Income $132,000
  
  
• Effective Gross Income $129,000
  
  
• Operating Expenses $38,000
  
  
• Net Operating Income $91,000