6617 N 59TH Avenue, Glendale, AZ 85301
$1,350,000
Property Type:
Multiple Dwellings
Status:
Pending
Current Price:
$1,350,000
Last Modified:
9/27/2023
Description
Selling 2 parcels 6617 & 6621 n 59th ave. Each building has 4 units with a total of 8 units. Each unit is a 2 bedroom 1 bath approx. 800 square feet. All units are individually metered with NO house meter. Annual gross income is approx. $103,800 with room to improve. Annual expenses are Approx. $9,600. 7 new A/C units, long term tenants with all month to month leases. Seller may carry, call for details.
More Information MLS# 6606684
Contract Info
Current Price: $1,350,000
List Price: $1,350,000
Status: Pending
List Date: 2023-09-18
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 6617
Compass: N
Street Name: 59TH
St Suffix: Avenue
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85301
Zip4: 3842
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 17 BLOCK 42 GLENDALE BLOCKS 23-25 & 33-37 MCR 001010
Subdivision: GLENDALE BLOCKS 23-25 & 33-37
Assessor's Map #: 3
Assessor's Parcel #: 17
Add'l Parcels: No
Assessor Number: 146-03-017
Legal: LOT 17 BLOCK 42 GLENDALE BLOCKS 23-25 & 33-37 MCR 001010
Census Tract: 92900
Tax Municipality: Glendale
Taxes: 1728
Tax Year: 2022
Marketing Name: Glendale
General Property Description
Lot Size Dimensions: 6750
Year Built: 1972
Uncvrd Parking Spcs: 15
Total # of Units: 8
# of Buildings: 2
Zoning: C-2
Flood Zone: No
Elementary School District: Glendale Elementary District
High School District: Glendale Union High School District
Remarks & Misc
Cross Street: 59th Ave & Glendale
Directions: Glendale ave & 59th ave. South on 59th ave to property.
Geo Lat: 33.533884
Geo Lon: -112.185871
Status Change Info
Status Change Date: 2023-09-27
Off Market Date: 2023-09-27
Under Contract Date: 2023-09-26
Legal Info
Township: 2N
Range: 2E
Section: 8
Block: 42
Lot Number: 17
Income & Expenses
Annual Ins Exp: 2700
Annual Wtr/Swr Exp: 5400
Owner Association: No
Annual Other Expense: 4800
Operating Exp: 14628
Gross Annual Sch Inc: 103800
Vacancy Allowance: 0.03
Adjusted Gross Inc: 100686
Net Operating Income: 100686
Pmt & Rate Info
Cap Rate: 7.46
Equity: 1350000
2 Bedroom Units
# 2 Bedroom Units: 8
Avg Rent: 1100
Avg SqFt: 725
# Baths: 1
Property Features
Project Type: 5 - 12 Units
Other Type: Packaged Offering
Construction: Block
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building
Community Amenities: Other
Appliances Included: BI Oven/Range; Refrigerator; Disposal
Cooling: Ceiling Fan(s); Electric
Water: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking: Paved Parking
Roads/Streets: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electric
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: VA; FHA; Conventional; Seller May Carry; 1031 Exchange
Reports/Disclosures: None
Environmental: None
Listing Office: Weichert Realty, Civic Center
Last Updated: September - 27 - 2023
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