7155 N 66TH Drive, OFC, Glendale, AZ 85301
$750,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$750,000
Last Modified:
9/04/2024
Description
The property was built in 1984 and has an on-site parking lot. This 4-plex features all 2-Bed / 1-Bath units. The upgraded units offer new flooring, interior paint, kitchen cabinets, countertops, bathroom vanities, and bathroom finishes. Opportunity in finishing upgrades to the two vacant units and stabilizing the property with full occupancy at market rents. Drive by only until accepted PSA.
More Information MLS# 6752435
Contract Info
Current Price: $750,000
List Price: $750,000
Status: Active
List Date: 2024-09-03
Ownership: Fee Simple
Location, Tax & Legal
House Number: 7155
Compass: N
Street Name: 66TH
St Suffix: Drive
Unit #: OFC
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85301
Zip4: 2384
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 18 PECAN RIDGE ONE LOT 1-18 TR A MCR 025121
Subdivision: PECAN RIDGE ONE LOT 1-18 TR A
Assessor's Map #: 29
Assessor's Parcel #: 36
Add'l Parcels: No
Assessor Number: 143-29-036
Legal: LOT 18 PECAN RIDGE ONE LOT 1-18 TR A MCR 025121
Census Tract: 92600
Tax Municipality: Glendale
Taxes: 1382
Tax Year: 2023
Marketing Name: 66Th Drive Apartments
General Property Description
Lot Size Dimensions: 97.38x64.25x109.41x56.45
Year Built: 1984
Uncvrd Parking Spcs: 8
Total # of Units: 4
# of Buildings: 1
Zoning: R-3
Elementary School District: Glendale Elementary District
High School District: Glendale Union High School District
Remarks & Misc
Geo Lat: 33.541779
Geo Lon: -112.201358
Status Change Info
Status Change Date: 2024-09-04
Legal Info
Township: 2N
Range: 2E
Section: 6
Lot Number: 18
Income & Expenses
Owner Association: No
Operating Exp: 1382
Gross Annual Sch Inc: 67200
Other Income: 2400
Vacancy Allowance: 0.05
Adjusted Gross Inc: 66120
Net Operating Income: 50321
Pmt & Rate Info
Cap Rate: 6.71
Equity: 750000
Showing Notification Methods
Showing Service: Aligned Showings
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1350
Avg SqFt: 750
# Baths: 1
Property Features
Project Type: Four Plex
Construction: Frame - Metal
Const - Finish: Stucco
Roofing: Comp Shingle
Floors: Vinyl; Wood
Sale Includes: Building(s) Only
Community Amenities: No Pool
Appliances Included: F/S Oven/Range; Refrigerator; Disposal; Microwave
Heating: Central
Cooling: Central A/C
Water: City Franchise
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: SW Gas
Parking: >1 Space Per Unit
Roads/Streets: Gravel; Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electric
Source of Fincl Data: Projected Proforma
Lockbox Type: None
New Financing: Cash; VA; Conventional
Reports/Disclosures: None
Environmental: None
Listing Office: ABI Multifamily
Last Updated: September - 04 - 2024
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