$2,100,000
Glendale, AZ 85301
MLS# 6688872
1 / 16
Property Description
Great Value Add Property available in Glendale! This is a package deal. Fantastic Opportunity to acquire 12 units on 3 different parcels next to each other. Parcels MUST SOLD TOGETHER. Each parcel consists of a block constructed 4-plex with a unit mix of 4 spacious 2-bed/1 bath units. All units are individually metered for electricity and gas. Cathedral ceilings in Living Room and Kitchen. Units identical w/semi-private patio. Laundry room on each building for potential extra income. The property is located in the heart of Glendale and only 4.5 miles from Westgate. Close to shopping, dining, and entertainment. PRICED TO MOVE FAST! Price includes 3 parcels: APN144-18-042G, APN144-18-042E, APN144-18-042F. Seller Financing is available.
Details
Maps
Contract Info
Current Price: $2,100,000
List Price: $2,100,000
Status: Active
List Date: 2024-04-09
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 5946
Compass: W
Street Name: ROSE
St Suffix: Lane
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85301
Zip4: 4454
Country: USA
County Code: Maricopa
Legal Description (Abbrev): ORCHARD ADD PT LOT 8 BLK 10 DAF W 114.58F OF FOL DESC PROP N 100F OF S 237.10F EX E 200F & EX W 30F
Subdivision: ORCHARD ADD BLK 6 LOT 5-10
Assessor's Map #: 18
Assessor's Parcel #: 42
Assessor Parcel Ltr: G
Add'l Parcels: Yes
Assessor Number: 144-18-042-G
Legal: ORCHARD ADD PT LOT 8 BLK 10 DAF W 114.58F OF FOL DESC PROP N 100F OF S 237.10F EX E 200F & EX W 30F
Census Tract: 92802
Tax Municipality: Glendale
Taxes: 4155
Tax Year: 2023
Marketing Name: Rose Lane Apartments
General Property Description
Lot Size Dimensions: 405x75
Year Built: 1972
Uncvrd Parking Spcs: 24
Total # of Units: 12
# of Buildings: 3
Zoning: MULTI
Elementary School District: Glendale Elementary District
High School District: Glendale Union High School District
Remarks & Misc
Cross Street: 59TH AVE AND BETHANY HOME
Geo Lat: 33.528236
Geo Lon: -112.188178
Status Change Info
Status Change Date: 2024-04-09
Legal Info
Township: 2N
Range: 2E
Section: 7
Lot Number: 8
Income & Expenses
Annual Ins Exp: 7230
Annual Landscape Exp: 1200
Annual Maint Exp: 3600
Annual Wtr/Swr Exp: 4950
Owner Association: No
Operating Exp: 21135
Gross Annual Sch Inc: 176340
Vacancy Allowance: 0.05
Adjusted Gross Inc: 167523
Totl Mnth Rntal Inc: 14695
Net Operating Income: 146388
Pmt & Rate Info
Cap Rate: 6.97
Equity: 2100000
Showing Notification Methods
Showing Service: No Showing Service Used
2 Bedroom Units
# 2 Bedroom Units: 12
Avg Rent: 1225
Avg SqFt: 750
# Baths: 1
Property Features
Project Type: Four Plex; 5 - 12 Units
Other Type: Packaged Offering
Construction: Block; Slump Block
Const - Finish: Painted
Roofing: Rolled
Floors: Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Amenities: Other
Exterior Amenities: Desert Landscaping; Patio/Balcony
Appliances Included: F/S Oven/Range; Refrigerator
Heating: Individual; Central
Cooling: Electric; Individual; Central A/C
Water: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: SW Gas; Individual Meter
Parking: >1 Space Per Unit; Add'l Parking Avail; Paved Parking
Roads/Streets: Asphalt; Sidewalk(s)
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electric; Gas
Source of Fincl Data: Provided by Owner
Special: Owner/Agent
Lockbox Type: None
New Financing: Cash; Conventional; Seller May Carry; 1031 Exchange
Reports/Disclosures: None
Environmental: None
Listing Office: HomeSmart
Last Updated: April - 09 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
Broker Attribution:
fabiolafelixaz@gmail.com