Newly updated investment opportunity in Mesa, Arizona properly priced at $104,900.

Status: Available

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Description:

This turnkey investment property has been updated with new carpet and interior paint throughout.  Cabinets have been refurbished with dark stain, resurfaced countertops, and new black appliances just installed.  Great floor plan, large eat-in kitchen area which overlooks the covered patio and pool.  Separate living room has its own door out to patio.  Relax by the pool on a nice desert afternoon!

1134 E Glade Circle is nicely situated on a cul-de-sac lot with large palm trees.  Located in close proximity to shopping, restaurants, and major freeways.

Investor Information:

Dwelling Type: Single Family – Detached
Home Square Footage: 1,495
Lot Square Footage: 8,438
Level: Single Level
Year Built: 1979
Parking: 2 Car Garage
Beds: 3
Baths: 2
Fireplace: No
Pool: Yes (Private)
Hoa: No
Rents: 850-900*

Projected Cap Rate: 7.00 – 7.50%*

*The range given for the rental income and capitalization rate is calculated based on rental data from a licensed property management professional and is assuming a 2 month vacancy. Expenses used in this calculation are a 10% property management fee, $75/mo homeowners ins., and 2010 property tax bill.  This is strictly a projection and may vary depending on when property is acquired.  For more information on this property, please contact Clear Vision Investment Group.