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6617 N 59TH Avenue, Glendale, AZ 85301 (MLS# 6606684)

6617 N 59TH Avenue, Glendale, AZ 85301

Property Type: Multiple Dwellings Status: Pending
Current Price: $1,350,000 Last Modified: 9/27/2023


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
6617 N 59TH Avenue, Glendale, AZ 85301- MLS# 6606684
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