6830 N 59TH Drive, Glendale, AZ 85301
$174,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$174,000
Last Modified:
2/14/2023
Description
Fantastic investment opportunity to own a 4 plex in central Glendale with convenient access to shopping, entertainment and jobs. There are (2) units 2 bedrooms and 1 bathroom with a full kitchen and living room. There are (2) units 1 bedrooms and 1 bathroom with a full kitchen and living room.They also include covered parking at the rear of building and a fenced gate. Additional income from on site storage units. Please do not disturb the Tenants.
More Information MLS# 5261885
Contract Info
Current Price: $174,000
Sold Price: $174,000
Status: Closed
List Date: 2015-04-07
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: N32
House Number: 6830
Compass: N
Street Name: 59TH
St Suffix: Drive
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85301
Zip4: 3207
Country: USA
County Code: Maricopa
Legal Description (Abbrev): ORCHARD ADD AMD PLAT OF BLKS 1,2,3 & 4
Subdivision: ORCHARD ADD BLK 20-21-22, & 38-39-40 AMD
Assessor's Map #: 10
Assessor's Parcel #: 31
Add'l Parcels: No
Assessor Number: 144-10-031
Legal: ORCHARD ADD AMD PLAT OF BLKS 1,2,3 & 4
Census Tract: 92801
Tax Municipality: Maricopa - COUNTY
Taxes: 1180
Tax Year: 2014
Marketing Name: Positive Income
General Property Description
Lot Size Dimensions: 8,960 sqf
Year Built: 1988
Uncvrd Parking Spcs: 5
Total # of Units: 4
# of Buildings: 2
Zoning: MULTI-FAMILY, M
Elementary School: Glendale American School
Jr. High School: Glendale High School
High School: Glendale High School
Elementary School District: Glendale Elementary District
Remarks & Misc
Cross Street: 59th Ave and Glendale
Directions: West on Glendale, South on 59th Dr, Second complex on right.
Geo Lat: 33.537967
Geo Lon: -112.188091
Status Change Info
Status Change Date: 2015-05-28
Off Market Date: 2015-05-28
Under Contract Date: 2015-04-28
Close of Escrow Date: 2015-05-27
Sold Price: $174,000
Legal Info
Township: 2N
Range: 2E
Section: 7
Block: 21
Lot Number: 4
Income & Expenses
Annual Elec Exp: 360
Annual Ins Exp: 1324
Annual Landscape Exp: 1500
Annual Maint Exp: 450
Annual Wtr/Swr Exp: 1915.92
Owner Association: No
Operating Exp: 6729.92
Vacancy Allowance: 0.05
Net Operating Income: 16057.3
Pmt & Rate Info
Cap Rate: 9.23
Equity: 174000
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 445
Avg SqFt: 565
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 510
Avg SqFt: 650
# Baths: 2
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession to Buyer: 2
Seller Concession $/%: %
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Rolled
Floors: Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Amenities: No Pool
Exterior Amenities: Fenced; Separate Storage; Security Guard
Interior Amenities: Unfurnished; Mini Blinds
Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Microwave
Cooling: Electric
Water: Individual Meter
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: None
Parking: Carport; <1 Space Per Unit; Add'l Parking Avail
Roads/Streets: Concrete
Owner Pays: Landscaping
Tenant Pays: Electric; Cable TV
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: FHA; Conventional
Reports/Disclosures: None
Environmental: None
Listing Office: Platinum Realty Network
Last Updated: February - 14 - 2023
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