$765,000
Glendale, AZ 85301
MLS# 6682650
1 / 7
Property Description
The property was built in 1987 and has on-site laundry and a parking lot. This 4-plex features (1) 1-Bed / 1-Bath unit and (3) 2-Bed / 1-Bath units. The upgraded units offer new flooring, interior paint, kitchen cabinets, countertops, bathroom vanities, and bathroom finishes. An investor could finish upgrading the property by renovating the 1-Bed / 1-Bath unit.
Details
Maps
Contract Info
Current Price: $765,000
List Price: $765,000
Status: Active
List Date: 2024-03-26
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 7126
Compass: N
Street Name: 66TH
St Suffix: Drive
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85301
Zip4: 2371
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 6 PECAN RIDGE ONE LOT 1-18 TR A MCR 025121
Subdivision: PECAN RIDGE ONE LOT 1-18 TR A
Assessor's Map #: 29
Assessor's Parcel #: 24
Add'l Parcels: No
Assessor Number: 143-29-024
Legal: LOT 6 PECAN RIDGE ONE LOT 1-18 TR A MCR 025121
Census Tract: 92600
Tax Municipality: Glendale
Taxes: 1425
Tax Year: 2023
Marketing Name: 66th Drive Apartments
General Property Description
Lot Size Dimensions: 107.93x64.26x107.93x64.26
Year Built: 1987
Uncvrd Parking Spcs: 8
Total # of Units: 4
# of Buildings: 1
Zoning: R-3
Elementary School District: Glendale Elementary District
High School District: Glendale Union High School District
Remarks & Misc
Geo Lat: 33.540891
Geo Lon: -112.201885
Status Change Info
Status Change Date: 2024-03-26
Legal Info
Township: 2N
Range: 2E
Section: 6
Lot Number: 6
Income & Expenses
Owner Association: No
Operating Exp: 1425
Gross Annual Sch Inc: 65400
Other Income: 2400
Vacancy Allowance: 0.05
Adjusted Gross Inc: 64410
Net Operating Income: 48688
Pmt & Rate Info
Cap Rate: 6.36
Equity: 765000
Showing Notification Methods
Showing Service: Aligned Showings
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 1100
Avg SqFt: 595
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 1450
Avg SqFt: 750
# Baths: 1
Property Features
Project Type: Four Plex
Construction: Frame - Wood
Const - Finish: Stucco
Roofing: Comp Shingle
Floors: Vinyl
Sale Includes: Building(s) Only
Payment Includes: Principal; Interest
Community Amenities: No Pool
Appliances Included: F/S Oven/Range; Refrigerator; Disposal
Heating: Individual
Cooling: Individual
Water: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking: >1 Space Per Unit
Roads/Streets: Gravel; Treated
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electric
Source of Fincl Data: Projected Proforma
Lockbox Type: None
New Financing: Cash; Conventional
Reports/Disclosures: None
Environmental: None
Listing Office: ABI Multifamily
Last Updated: March - 26 - 2024
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