$775,000
7834 E GLENROSA Avenue
Scottsdale, AZ 85251
MLS# 6196106
Status: Closed



7834 E GLENROSA Avenue, Scottsdale, AZ 85251
  1 / 1  
7834 E GLENROSA Avenue, Scottsdale, AZ 85251

Property Description
You will not find a better location! Do not miss out on this rare find. Highly desirable location walking distance to Old Town Scottsdale. This 4 plex is income producing with upside potential. The units are 2 bedroom/1 bath units with off street covered parking. Value add opportunity average monthly rent $730 per month proforma $950-1,100. Proforma cap rate 4.8%. Long term tenants, rents current, month to month. These units have been maintained by the owner, no deferred maintenance. On-site laundry facility. Great property, desert landscape and no HOA. Strong rental area, low to no vacancies. Amazing location freeway access, minutes to ASU and Sky Harbor Airport. Buyer or Buyer's agent to verify all facts and figures. Do not disturb the tenants.

Details
Maps
Contract Info
Current Price: $775,000
Sold Price: $775,000
Status: Closed
List Date: 2021-02-18
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: P37
House Number: 7834
Compass: E
Street Name: GLENROSA
St Suffix: Avenue
City/Town Code: Scottsdale
State/Province: AZ
Zip Code: 85251
Zip4: 4141
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 5 WENTWORTH EAST MCR 013901
Subdivision: WENTWORTH EAST
Assessor's Map #: 53
Assessor's Parcel #: 227
Add'l Parcels: No
Assessor Number: 173-53-227
Legal: LOT 5 WENTWORTH EAST MCR 013901
Census Tract: 217204
Tax Municipality: Maricopa - COUNTY
Taxes: 1417
Tax Year: 2020
Marketing Name: Income Producing 4plex
General Property Description
Lot Size Dimensions: 59.90x121.02x59.90x121.03
Year Built: 1972
Total # of Units: 4
# of Buildings: 1
Zoning: R5
Flood Zone: No
Elementary School: Navajo Elementary School
Jr. High School: Mohave Middle School
High School: Saguaro High School
Elementary School District: Scottsdale Unified District
High School District: Scottsdale Unified District
Remarks & Misc
Cross Street: 78th St and Indian School Rd
Directions: North on 78th St, East on Glenrosa St, Property on North side of the street.
Geo Lat: 33.498753
Geo Lon: -111.912144
Status Change Info
Status Change Date: 2021-03-20
Off Market Date: 2021-03-09
Under Contract Date: 2021-02-20
Close of Escrow Date: 2021-03-19
Sold Price: $775,000
Legal Info
Township: 2N
Range: 4E
Section: 23
Lot Number: 5
Income & Expenses
Annual Elec Exp: 610
Annual Gas Exp: 479
Annual Ins Exp: 900
Annual Landscape Exp: 560
Annual Maint Exp: 4800
Annual Wtr/Swr Exp: 2641
Owner Association: No
Operating Exp: 11407
Gross Annual Sch Inc: 35040
Other Income: 600
Adjusted Gross Inc: 35640
Totl Mnth Rntal Inc: 35040
Net Operating Income: 24233
Pmt & Rate Info
Cap Rate: 2.85
Equity: 849000
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 730
Avg SqFt: 690
# Baths: 1
Contact Info
List Agent Home Phn: 480-616-4433
Sold Info
Loan Type: Cash
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Rolled
Floors: Ceramic Tile; Carpet
Sale Includes: Building(s) Only
Community Amenities: Other; See Remarks
Appliances Included: F/S Oven/Range; Refrigerator; Disposal
Heating: Natural Gas
Cooling: Heat Pump
Water: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: City Gas
Parking: 1 Space/Unit
Roads/Streets: Asphalt
Owner Pays: Water; Electric; Gas; Landscaping
Tenant Pays: Cable TV
Source of Fincl Data: Provided by Owner
Showing Notification Methods: Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Conventional
Reports/Disclosures: None
Environmental: None

Listing Office: Realty ONE Group

Last Updated: December - 15 - 2021

7834 E GLENROSA Avenue, Scottsdale, AZ 85251 - MLS# 6196106
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.