TITLE:
NEWLY BUILT MULTIFAMILY - 34 UNIT RENTAL PROJECT IN GLENDALE, AZ
CONTROL:
Exclusive
VALUE:
$13,910,000
LOAN:
$6,400,000
EQUITY:
$7,510,000
TYPE:
Multi-Family
HAVE:
Newly built prime multifamily project in Glendale, AZ, near Phoenix. Situated on 2.1 acres in the heart of the city, the property consists of 17 two-story duplex buildings totaling 34 rental apartment units. Flexible terms: sell, trade or exchange.
WEBSITE URL:
ADDRESS:
6077 N. 60th Avenue, Glendale, Arizona
BENEFITS TO NEW OWNER:
Brand new apartment project, 17 duplexes, 34 total units, 3/2 and 2/2 in growing community of Glendale, AZ.
GROSS SCHEDULED INCOME:
$772,368 Projected
VACANCY LOSS:
$38,768
GROSS EFFECTIVE INCOME:
$733,600
EXPENSES:
$142,617
NOI:
$590,983
DEBT SERVICE:
$0
CASH FLOW:
$590,983
CAP RATE:
4.25%
BENEFITS SOUGHT:
Sale or trade, gain liquidity, build other small multifamily projects in San Diego, Southern CA or Phoenix.
CAN ADD:
Land - fully entitled, shovel-ready for 30 rental units in Apache Junction, AZ, development (www.CieloArizona.com). New development, construction, sales and marketing advisory services.
REMARKS:
17 two-story duplex buildings on a single APN, totaling 34 rental units. Product mix: 22 - 2BR/2BA, 12 - 3BR/2BA, 1 carport, 1 assigned parking per unit, sub-metered utilities. Completed in 2026. Flexible terms: sell, trade or exchange.
COUNSELOR:
Robert W. Dudek, MSEL
The Blu Summit Real Estate Group / KW Commercial
12750 High Bluff Dr. Ste. 300
San Diego, California, 92130
