$280,000
Phoenix, AZ 85015
MLS# 6057165
Status: Closed
1 / 11
Property Description
We are pleased to announce Glenrosa Apartments located near by GCU college. All units are fully leased at below market rents at 700. Market rents are 850-950. All units are two bedroom one bath units. All units have private yards. All block construction. All facts and figures are approximate buyer verify all MLS information. Drive by only tenants are unaware of the sale.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $280,000
Sold Price: $280,000
Status: Closed
List Date: 2020-03-26
Location, Tax & Legal
Assessor's Map #: 29
Legal Description (Abbrev): E2 AS MEAS ALG S LN OF FOL DESC PROP BEG AT PT 25' S & 35' W OF NE COR OF N2 NW4 SW4 SE4 TH S 89:5
Assessor's Parcel #: 7
Assessor Parcel Ltr: C
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Census Tract: 109003
Taxes: 1155
Legal: E2 AS MEAS ALG S LN OF FOL DESC PROP BEG AT PT 25' S & 35' W OF NE COR OF N2 NW4 SW4 SE4 TH S 89:56'56'' W 110.27' TH S
Marketing Name: Glenrosa Apartments
Map Code/Grid: P33
House Number: 2201
Compass: W
Street Name: GLENROSA
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85015
Zip4: 4980
Country: US
County Code: Maricopa
Assessor Number: 154-29-007-C
Tax Year: 2019
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 3
Lot Size Dimensions: 8276
Total # of Units: 3
Elementary School District: Alhambra Elementary District
High School District: Phoenix Union High School District
Year Built: 1963
Zoning: R-3
Legal Info
Range: 2E
Section: 24
Township: 2N
Project Type
Tri-Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 1300
Annual Land Lse Exp: 0
Annual Landscape Exp: 1000
Annual Legal & Acctg: 0
Annual Maint Exp: 3000
Annual Mgmt Exp: 0
Annual Trash Exp: 1000
Annual Wtr/Swr Exp: 1500
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 8955
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 29070
Total Monthly Rental Income: 2550
Pmt & Rate Info
Cap Rate: 6.71
Down Payment: 0
Equity: 300000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Central: 1
Cooling
Central Air: 1
Exterior Amenities
Fenced: 1
Cable TV Available: 1
Interior Features
Unfurnished: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Refrigerator: 1
Built-In Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
On Street: 1
1 Space/Unit: 1
Electric
APS: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Conventional: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 850
Avg SqFt: 850
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Other
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: 23rd Ave & Indian School Rd
Directions: Head north on 23rd Avenue and turn right on Glenrosa. Triplex is on the right.
Geo Lat: 33.498379
Geo Lon: -112.106407
Status Change Info
Off Market Date: 2020-07-13
Under Contract Date: 2020-06-18
Close of Escrow Date: 2020-07-13
Sold Price: $280,000
Income Expenses
Gross Annual Sch Inc: 30600
Net Operating Income: 20115
Property Features
Project Type: Tri-Plex
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Fenced; Cable TV Available
Interior Features: Unfurnished
Appliances Included: Built-In Range; Refrigerator
Heating: Central
Cooling: Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: None
Parking Features: On Street; 1 Space/Unit
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Projected Proforma
Showing Notification Methods: Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional
Environmental: None
Listing Office: Grace CRE
Last Updated: May - 04 - 2026
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