$990,000
Glendale, AZ 85301
MLS# 6320940
Status: Closed
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Property Description
Rare west valley investment opportunity. 100% leased neighborhood market with stable tenants including a convenience market and pizza restaurant with long term commitments. Recent roof, plumbing and interior upgrades made. Minimum landlord responsibility. Easy to remotely manage.
Details
Maps
Contract Info
Current Price: $990,000
Sold Price: $990,000
Status: Closed
List Date: 2021-11-13
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: N32
House Number: 6425
Compass: N
Street Name: 47TH
St Suffix: Avenue
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85301
Zip4: 4706
Country: USA
County Code: Maricopa
Legal Description (Abbrev): TRACT A WEST PLAZA 16 MCR 010221
Subdivision: WEST PLAZA 16
Assessor's Map #: 30
Assessor's Parcel #: 166
Add'l Parcels: No
Assessor Number: 146-30-166
Census Tract: 93002
Legal: TRACT A WEST PLAZA 16 MCR 010221
Tax Municipality: Glendale
Taxes: 10036
Tax Year: 2021
General Property Description
Ttl Apx SqFt Bldg: 6862
# of Buildings: 1
Year Built: 1980
Uncvrd Parking Spcs: 27
Zoning: C-1
Remarks & Misc
Cross Street: 47th Ave & Maryland Ave
Directions: From 43rd Ave & Glendale. West on Glendale to 47th Ave. South on 47th Ave. Property is on the southeast corner of 47th & Maryland.
Geo Lat: 33.53089
Geo Lon: -112.159677
Status Change Info
Status Change Date: 2022-02-24
Off Market Date: 2022-02-06
Under Contract Date: 2022-02-05
Close of Escrow Date: 2022-02-22
Sold Price: $990,000
Legal Info
Township: 2N
Range: 2E
Section: 9
Lot Number: -
Income & Expenses
Owner Association: No
Annual Other Expense: 4644
Operating Exp: 14680
Gross Annual Sch Inc: 73200
Adjusted Gross Inc: 73200
Net Operating Income: 58520
Pmt & Rate Info
Cap Rate: 5.74
Equity: 1019000
Sold Info
Loan Type: Cash
Loan Years: 2
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial
Current Use: Restaurant; Retail
Stories: 1 Story
Construction: Block
Roofing: Rolled
Floors: Concrete; Ceramic Tile
Ceiling Height: 8.1 Feet to 10 Feet
Cooling: Central A/C
Loading Facilities: None
Interior: Finished
Exterior: Corner Lot; Dual Street Ftg
Fencing: None
Parking: Public Parking; Paved Parking
Electric: SRP
Gas: SW Gas
Water: City Franchise
Sewer: Sewer - Public
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Treat as Free&Clear
Reports/Disclosures: None
Environmental: None
Listing Office: Century 21 Arizona Foothills
Last Updated: October - 06 - 2022
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