(8) 2-Bdrm. & 2.5 Townhomes in Glendale | Built in 1983

327 S. Madison is an 8-unit townhouse-style complex offered at the lowest price per foot compared to sales of similar properties in the last 12 months. Built in 1983, this well-maintained property features (8) 2-bdrm. and 2.5-bath townhouse-style units with direct access to a private 2-car garage, central A/C, in-unit laundry, and a private patio. Each bright and spacious townhome averages approx. 1,413 SF, and tenants are responsible for paying the costs of gas, electric, and water. Current ownership has invested $200,000+ in capital improvements, and have upgraded several of the units with wood laminate flooring, updated cabinetry/backsplash, stainless-steel appliances, and recessed lighting. In addition, this turnkey property features a new roof installed in 2019 and new decks in 2020.  In addition, the property presents approx. 19% rental upside compared to market rents for renovated units in the area. At the list price, the property will stabilize at a 6.20% CAP and 11.19 GRM. Property amenities include gated entry and community laundry.