Glendale (AZ) Fourplex - Seller Carry Financing Available
Glendale, AZ Fourplex
Marketing description
. 7143 N 66th Drive consists of three 2-bed/1-bath units and one 1-bed/1-bath unit. All tenants are month to month. Strong value-add opportunity for investors to renovate and increase rents, or for an owner-occupant to move in and lease the remaining units. Several comparable sales on the same street have closed between $665,000 and $730,000. The property offers a projected annual income of approximately $60,000 ($5,000 per month).
Investment highlights
Desirable Unit Mix
Comprised of three 2-bedroom/1-bath units and one 1-bedroom/1-bath unit, appealing to a broad tenant base and supporting strong rental demand.
Value-Add Opportunity
Significant upside through interior/exterior renovations and operational improvements, allowing investors to increase rents and overall asset value.
Month-to-Month Tenancy
All tenants are on month-to-month leases, providing immediate flexibility to implement rent increases, renovations, or repositioning strategies.
Strong Rental Upside
Pro forma income projected at approximately $60,000 annually ($5,000/month), with potential for further growth post-renovation.
Compelling Comparable Sales
Recent sales on the same street ranging from $665,000 to $730,000 support strong valuation metrics and upside potential.
Owner-Occupant Potential
Ideal for a house-hack strategy—live in one unit while leasing the others to offset mortgage payments and build equity.
High-Demand Rental Location
Well-positioned asset in a proven rental corridor with consistent tenant demand and strong fundamentals.
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