7102 N 45TH Avenue Glendale, AZ 85301

Glen Court Apartments was built in the early 1960's and offers a nice bite-sized value-add opportunity for an investor. The property consists of 8 units with 8 one bedroom units, one 2 bedroom unit and a 4 bedroom / 2 bath unit. All of the units except two of them have washer/dryer hookups. Two of the units have been fully remodeled, leaving the remainder of the units for an investor to put their own touch on and create additional value. The property sits on a large 25,573 sf lot (.59 acres) lot allowing for a ton of open space and parking. An investor could easily create private yard space for some of the units or some nice common area amenities. A basic remodel on the remaining 6 units would definitely allow for a push in rents while still remaining a very affordable price point. The property is individually metered for electricity and gas. This is a great value-add opportunity in a good location in the center of town.
Glen Court Apartments is an 8 unit apartment community located on the border of Glendale and Phoenix. The property is located on a quiet street next door to a beautiful new charter school that was just built in 2019 (Academy of Math and Science). Ther property is well located, being a little over three miles to Grand Canyon University to the south as well as approximately 6 miles east of Glendale's Westgate center featuring State Farm Stadium (home of the Arizona Cardinals), Gila River Arena (home of the Phoenix Coyotes hockey team), Cabelas, and many other popular retail and restaurant destinations. It is a little over 2 miles to the nearest freeway entrance giving easy access to all parts of the Phoenix metro area. Glendale continues to have some of the strongest rent growth in Arizona being centrally located while still remaining a very affordable option for renters.