$765,000
Glendale, AZ 85301
MLS# 6682652
1 / 6
Property Description
The property was built in 1984 and has an on-site parking lot. This 4-plex features all 2-Bed / 1-Bath units. The upgraded units offer new flooring, interior paint, kitchen cabinets, countertops, bathroom vanities, and bathroom finishes. Opportunity in finishing upgrades to the two vacant units and stabilizing the property with full occupancy at market rents. Drive by only until accepted PSA.
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: 7155
Compass: N
Street Name: 66TH
St Suffix: Drive
Unit #: OFC
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85301
Zip4: 2384
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 18 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 #: 36
Add'l Parcels: No
Assessor Number: 143-29-036
Legal: LOT 18 PECAN RIDGE ONE LOT 1-18 TR A MCR 025121
Census Tract: 92600
Tax Municipality: Glendale
Taxes: 1382
Tax Year: 2023
Marketing Name: 66th Drive Apartments
General Property Description
Lot Size Dimensions: 97.38x64.25x109.41x56.45x14.79
Year Built: 1984
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: 33.54177
Geo Lon: -112.201349
Status Change Info
Status Change Date: 2024-03-26
Legal Info
Township: 2N
Range: 2E
Section: 6
Lot Number: 18
Income & Expenses
Owner Association: No
Operating Exp: 1382
Gross Annual Sch Inc: 69600
Other Income: 2400
Vacancy Allowance: 0.05
Adjusted Gross Inc: 68400
Net Operating Income: 52442
Pmt & Rate Info
Cap Rate: 6.86
Equity: 765000
Showing Notification Methods
Showing Service: Aligned Showings
2 Bedroom Units
# 2 Bedroom Units: 4
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
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: 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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