The property at 412 S Chevy Chase Dr in Glendale is a multi-family unit, offering a favorable rental potential given its location in a vibrant neighborhood. With an estimated rent range between $7.1K to $8.4K, the total potential monthly revenue could be quite substantial. Assuming an average rental rate, the payback period is reasonable. The property's historic charm, given its 1927 construction, may attract tenants seeking character, though the lack of modern amenities could be a drawback.
To enhance the property's rental value, consider modernizing interior features such as kitchens and bathrooms while preserving its historic elements. If selling, emphasize its location in the desirable Somerset neighborhood and potential for high rental income. Addressing any outdated systems (e.g., HVAC, plumbing) could also boost appeal and value. With strategic updates, this property could command a premium in Glendale's competitive rental market.