$418,000
Glendale, AZ 85303
MLS# 6174871
Status: Closed
1 / 7
Property Description
Property is sold AS IS. No repairs will be made. CASH COW! Units rented at $700, $825, $850, $870. The $700 Unit is the only unit not renovated in the last two years due to a long term tenant. Great Opportunity and Rare Find: Four-plex with large 910 sq - 2 Bed, 1 Bath Units close to Historic Downtown Glendale, Arrowhead Towne Center, & Westgate. FULLY OCCUPIED with room to increase rents as leases renew. NO HOA. Solid Block Construction. Back units with enclosed private yards. Front Units have fenced yards for privacy. Owner/Agent. DRIVE BY ONLY.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $418,000
Sold Price: $418,000
Status: Closed
List Date: 2020-11-30
Location, Tax & Legal
Assessor's Map #: 28
Legal Description (Abbrev): LOT 41 GLEN WEST ESTATES MCR 010334
Assessor's Parcel #: 48
Add'l Parcels: No
Tax Municipality: Glendale
Census Tract: 92705
Taxes: 1596
Legal: LOT 41 GLEN WEST ESTATES MCR 010334
Marketing Name: Glendale Fourplex
Map Code/Grid: N31
House Number: 7101
Compass: N
Street Name: 68TH
St Suffix: Drive
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85303
Zip4: 2641
County Code: Maricopa
Subdivision: GLEN WEST ESTATES
Assessor Number: 143-28-048
Tax Year: 2019
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 0
Lot Size Dimensions: 7379
Total # of Units: 4
Elementary School District: Glendale Elementary District
High School District: Glendale Union High School District
Year Built: 1964
Zoning: R4
Legal Info
Range: 1E
Section: 1
Township: 2N
Lot Number: 41
Project Type
Four Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Rolled: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 600
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 400
Annual Wtr/Swr Exp: 2770
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 5366
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 38340
Total Monthly Rental Income: 3195
Pmt & Rate Info
Cap Rate: 8.2
Down Payment: 0
Equity: 385000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Text: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Central Air: 1
Exterior Amenities
Landscape Water System: 1
Tenant Pays
Electricity: 1
Appliances Included
Microwave: 1
Refrigerator: 1
Free-Standing Range: 1
W/D Hookup: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
On Street: 1
Electric
SRP: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Conventional: 1
No Carry: 1
1031 Exchange: 1
Special
Owner/Agent: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Fixed: 1
Existing 1st Loan Terms
Non Assumable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 800
Avg SqFt: 910
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Buyer - B
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: 68th DR and Glendale Ave
Directions: North on 68th Dr off of Glendale Ave
Geo Lat: 33.539533
Geo Lon: -112.206042
Status Change Info
Off Market Date: 2020-12-29
Under Contract Date: 2020-12-01
Close of Escrow Date: 2021-01-05
Sold Price: $418,000
Income Expenses
Gross Annual Sch Inc: 38340
Net Operating Income: 31560
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Rolled
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Landscape Water System
Appliances Included: Free-Standing Range; Refrigerator; Microwave; W/D Hookup
Cooling: Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking Features: On Street
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Owner
Special: Owner/Agent
Showing Notification Methods: Text
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Fixed
Existing 1st Loan Terms: Non Assumable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional; No Carry; 1031 Exchange
Environmental: None
Listing Office: Open House Realty
Last Updated: April - 23 - 2026
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.