Listing ID6466251
Sold For$600,000
StatusClosed
Sold Date3/28/2023
CountyMaricopa
SubdivisionGLENWOOD PLAZA AMD
Year Built1972
Property TypeMultiple Dwellings
Great Investment Opportunity to own a Fully Occupied and well cared for 4-plex. Well maintained with low turnover. Cash Cow! Stayed fully occupied through
Covid with Rents paid on time. All 2 bedroom/1 bath Units each have a washer/dryer hookups with Unit 3 having a washer/dryer that will convey with the sale. There is a separate and secure storage for each Unit and covered parking with lighting. New Roof was installed in 2020 and 4 new Trane AC roof units were installed in 2021. New HWH Unit 2 & 3. This 4-plex is fully rented and waiting for YOU! With Arizona's growth this 4-Plex is close to the Cardinal Stadium, Shopping, community events and eateries. Everything has been done to minimize maintenance costs to keep your ROI higher. Opportunity is knocking, Don't Miss it.
County
Maricopa
Property Type
Multiple Dwellings
Subdivision
GLENWOOD PLAZA AMD
Year Built
1972
Zoning
C-2
2 Bedroom Units # Baths
1
2 Bedroom Units Avg SqFt
728
Cooling
Individual, Heat Pump, Electric
Cooling
yes
Heating
Individual, Heat Pump, Electric
Heating
yes
Community Features
See Remarks
Country
US
Directions
67th Ave North one block to Pasadena. East to property.
Elementary School
Glendale Landmark Middle School
Elementary School District
Glendale Elementary District
General Property Description Elementary School
Glendale Landmark Middle School
General Property Description Elementary School District2
Glendale Elementary District
General Property Description High School District
Glendale Union High School District
General Property Description Jr High School
Glendale Landmark Middle School
High School District
Glendale Union High School District
Middle Or Junior School
Glendale Landmark Middle School
Postal City
Glendale
Township
2N
Water Source
Master Meter
Attached Garage
no
Construction Materials
Stucco, Block
Covered Spaces
4
Electric
SRP, Individual Meter
General Property Description # of Buildings
1
General Property Description Lot Size Dimensions
10,725 sf
General Property Description Total # of Units
4
General Property Description Uncvrd Parking Spcs
4
Lot Size Dimensions
10,725 sf
Number Of Buildings
1
Number Of Units Total
4
Open Parking Spaces
4
Parking Assigned
1
Parking Carport
1
Parking Features
Paved Parking, Assigned, >1 Space Per Unit, Common
Parking Total
8
Road Surface Type
Asphalt, Curb(s) & Gutter(s)
Roof
Foam
Sewer
Public Sewer
Buyer Agency Compensation
3.00
Mls Status
Closed
Public Survey Range
2E
Public Survey Section
18
2 Bedroom Units Avg Rent
635
Cap Rate
3.93
Current Financing
Non Assumable
Disclosures
Seller Prop Disc Stm
Gardener Expense
617
Gross Income
28800
Gross Scheduled Income
28800
Insurance Expense
1373
Listing Terms
Conventional
Maintenance Expense
613
Net Operating Income
24574
Operating Expense
8831
Owner Pays
Other, Trash Collection, Water, Sewer, Landscaping
Tax Annual Amount
1676
Tax Book Number
144.00
Tax Lot
8
Tax Year
2021
Tenant Pays
Electricity
Water Sewer Expense
4552
Contact - Listing ID 6466251
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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