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WESTGATE LIVING 7010 N 80th Ave 10 Unit Apartment Building $3,500,000 ($350,000/Unit) 6.17% Cap Rate Glendale, AZ 85303
Investment Highlights
- BRAND NEW 2024 BUILD
- CASHFLOW POSITIVE
- CORNER LOT (NO HOA)
- TROPHY ASSET PROPERTY
- PRIME LOCATION (right on GLENDALE AVE.)
- 5 SEPARATE BUILDINGS
Executive Summary
OWN THIS TROPHY ASSET PROPERTY right on GLENDALE AVENUE. NEWER w/ Builder Limited Warranty. CASH FLOW POSITIVE 10 UNITS APARTMENT. CLASS A PROPERTY. Exclusive. Prime Location. Corner Lot. NO HOA. All 10 units are 2 BEDS/ 1 BATH. It is 1,026 total sq ft (Livable = 870 sq ft) & has the same beautiful layout. Next owner can increase rent. TENANT pays electric. OWNER pay water/ sewer/ trash/ recycle. Large enclosed parking area. There are play & community areas! FULL SIZE KITCHEN w/ islander, pantry & soft closed cabinets. Stainless steel appliances. Quartz countertop. Luxury Vinyl Plank throughout unit. INSIDE LAUNDRY ROOM. ENERGY-EFFICIENT. MODERN STYLE. OPEN FLOOR PLAN. CEILING FANS IN THE LIVING ROOM, BEDROOM 1 & 2. NEWER HVAC. Digital WIFI Thermostat. 5 SEPARATE BUILDINGS. 5 TOP UNITS (w/ 2 front & back COVERED BALCONIES) & 5 BOTTOM UNITS (w/ 2 front & back COVERED PATIOS). NEWER PAINT. NEWER FLOOR. NEWER EVERYTHING!
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$216,000
|
$43.20
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$216,000
|
$43.20
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $216,000 |
| Annual Per SF | $43.20 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $216,000 |
| Annual Per SF | $43.20 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $3,500,000 | Building Class | A |
| Price Per Unit | $350,000 | Lot Size | 0.57 AC |
| Sale Type | Investment | Building Size | 5,000 SF |
| Cap Rate | 6.17% | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment | Parking Ratio | 6/1,000 SF |
| Apartment Style | Townhome | ||
| Zoning | M-H | ||
| Price | $3,500,000 |
| Price Per Unit | $350,000 |
| Sale Type | Investment |
| Cap Rate | 6.17% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | A |
| Lot Size | 0.57 AC |
| Building Size | 5,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2024 |
| Parking Ratio | 6/1,000 SF |
| Zoning | M-H |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Walk-In Closets
- Yard
- Breakfast Nook
- Deck
- Dining Room
- Family Room
- Island Kitchen
- Pantry
- Patio
- Porch
- Smoke Free
- Vinyl Flooring
- Window Coverings
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 10 | $1,800 | 1,026 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 142-27-007X | Improvements Assessment | $0 (2025) |
| Land Assessment | $0 (2025) | Total Assessment | $60,173 (2025) |
Property Taxes
Parcel Number
142-27-007X
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$60,173 (2025)
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WESTGATE LIVING | 7010 N 80th Ave
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