327 S Madison WAY Glendale, CA 91205

327 S. Madison Way is an 8-unit apartment asset located in the thriving City of Glendale. The property is located near The Americana shopping centers and Glendale Galleria with easy access to the 5, 134 and 2 Freeways. The subject property was built in 1983, featuring an outstanding unit mix of 100% 2-Bed / 2.5 Bath large townhome style units. The property offers each tenant a 2-car garage with direct access to the units, central air, private patios and laundry hookups. Tenants are responsible for paying the costs of gas, electric, and water. A new roof was installed in 2019, along with new decks in 2020. Two (2) of the eight (8) units were extensively renovated totaling over $80,000. Overall, the current rents are substantially below market providing an excellent opportunity for an investor to renovate the exterior, the balance of the interiors and gradually raise rents and increase cashflow.