Listing ID6364212
Sold For$515,000
StatusClosed
Sold Date9/22/2022
CountyMaricopa
SubdivisionNEIGHBORS ADD
Year Built1953
Property TypeMultifamily Residential
Property Sub TypeFour Plex
Glendale 4 plex - Property consists of 2 separate parcels, with 2 duplexes. Located in the heart of Glendale. Only minutes from Westgate, Cardinals stadium, the Glendale Sports and Entertainment District and all the exciting new West Valley amenities. There are two 2 bedroom/1 bath units, one 1 bedroom, 1 bath unit, and one Studio unit. Current market rent should total about $5,000 for the property. These units underwent a tremendous amount of remodeling, including new electric panels, when purchased by the current owner in 2016. Recent updates include a new roof in 2019. Combined lot size 9,978 sf. Addresses include 6601, 6603, 6605 and 6607 N 59th Drive, Glendale AZ 85301. Tax parcels are 144-11-059 and 144-11-060
County
Maricopa
Property Sub Type
Four Plex
Property Type
Multifamily Residential
Sold Date
2022-09-22T00:00:00+00:00
Sold Price
$515,000
Subdivision
NEIGHBORS ADD
Year Built
1953
Zoning
R-2
1 Bedroom Units
1
1 Bedroom Units: Average SqFt
550
1 Bedroom Units: Number of Baths
1
2 Bedroom Units
2
2 Bedroom Units: Average SqFt
1030
2 Bedroom Units: Number of Baths
1
Appliances Included
F/S Oven/Range, Other (See Remarks), Refrigerator, W/D Hookup
Average SqFt
450
Baths
1
Cooling
Central A/C, Electric, Individual, See Remarks, Window/Wall Unit
Efficiency Units
1
Floors
Other
Heating
Other, See Remarks
Interior Amenities
Unfurnished
Total Units
4
Construction
Block
Exterior Amenities
Partially Fenced, Patio/Balcony
Exterior Finish
Painted
Lot Size Dimensions
9,978 sf lot
Parking
>1 Space Per Unit
Roads/Streets
Concrete
Roofing
Comp Shingle, Other (See Remarks), Rolled
Total Parking Spaces
6
Country
USA
Cross Street
59th Avenue & Glendale Avenue
High School District Number
205 - Glendale Union High School District
Lot Number
18
Map Code/Grid
N32
Range
2E
School District
040 - Glendale Elementary District
Section
7
Township
2N
Community Amenities
No Pool
Electric
APS
Entry Timestamp
2022-03-04T16:52:16+00:00
Gas
SW Gas
Marketing Name
6601 thru 6607 N 59th Dr
Owner Association
No
Sewer
Sewer - Public
Sold Info: Closing Cost Split
Normal - N
Sold Info: Loan Type
Cash
Sold Info: Payment Type
Fixed
Water
City Franchise
1 Bedroom Units: Average Rent
1000
2 Bedroom Units: Average Rent
1100
Adjusted Gross Income
48000
Annual Gas Expense
634.32
Annual Insurance Expense
1175
Annual Landscape Expense
600
Annual Management Expense
1200
Annual Other Expense
564
Annual Water/Sewer Expense
3201.76
Average Rent
900
Contingency Type
No
Financial Data Source
Projected Proforma, Provided by Owner
Gross Annual Scheduled Income
48000
Net Operating Income
39385
New Financing
Conventional, Other (See Remarks)
Operating Expense
8615.08
Owner Pays
See Remarks, Sewer, Trash Collection, Water
Payment Includes
Interest, Principal
Sale Includes
Land & Building
Tax Municipality
Glendale
Taxes
1240
Tenant Pays
Electric, Gas
Contact - Listing ID 6364212
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
Data services provided by IDX Broker
