$269,568
Glendale, AZ 85301
MLS# 6041129
Status: Closed
1 / 21
Property Description
We are pleased to announce a fully rented 3 unit complex. All units have two bedroom and one baths. In front is a duplex and small house apartment in the back. Built in 1986 this is a clean property with all central air conditioning and privately fenced courtyard. Rents are way below market at 600. Current market rents are $800-850. All facts and figures are approximate buyer verify MLS information.Drive by only tenants are unaware of sale.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $269,568
Sold Price: $269,568
Status: Closed
List Date: 2020-02-24
Location, Tax & Legal
Assessor's Map #: 8
Assessor's Parcel #: 58
Add'l Parcels: No
Tax Municipality: Glendale
Taxes: 1231
Legal: Sugar Add blks 7-12&16
Marketing Name: Sugar Add Apartments
Map Code/Grid: N32
House Number: 6630
Compass: N
Street Name: 53rd
St Suffix: Drive
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85301
Country: US
County Code: Maricopa
Subdivision: Sugar Add
Assessor Number: 146-08-058
Tax Year: 2019
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 5
Lot Size Dimensions: irr
Total # of Units: 3
Elementary School District: Glendale Elementary District
High School District: Glendale Union High School District
Elementary School: Isaac E Imes School
Jr. High School: Glendale Landmark Middle School
High School: Other
Year Built: 1986
Zoning: R-3
Project Type
Tri-Plex: 1
Construction
Block: 1
Const - Finish
Stucco: 1
Roofing
Other: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 1200
Annual Land Lse Exp: 0
Annual Landscape Exp: 500
Annual Legal & Acctg: 0
Annual Maint Exp: 1500
Annual Mgmt Exp: 0
Annual Trash Exp: 1000
Annual Wtr/Swr Exp: 2500
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Operating Exp: 7931
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 29070
Total Monthly Rental Income: 2550
Pmt & Rate Info
Cap Rate: 7.17
Down Payment: 0
Equity: 295000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Text: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Natural Gas: 1
Cooling
Electric: 1
Tenant Pays
Gas: 1
Electricity: 1
Appliances Included
Other: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Paved: 1
Electric
SRP: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Trash Collection: 1
Landscaping: 1
See Remarks: 1
New Financing
Cash to Loan: 1
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
Interest Only: 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: 530
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Cash
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: 51st & Maryland
Directions: 51st & Maryland Directions: 51st Ave SOUTH OF GLENDALE to Maryland West on Maryland to 53rd Dr. North to Property.
Geo Lat: 33.534217
Geo Lon: -112.174052
Status Change Info
Off Market Date: 2020-06-04
Under Contract Date: 2020-05-13
Close of Escrow Date: 2020-06-12
Sold Price: $269,568
Legal Info
Lot Number: 5BLK9
Income Expenses
Gross Annual Sch Inc: 30600
Net Operating Income: 21139
Property Features
Project Type: Tri-Plex
Construction: Block
Const - Finish: Stucco
Roofing: Other
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Appliances Included: Other
Heating: Natural Gas
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking Features: Paved
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping; See Remarks
Tenant Pays: Electricity; Gas
Source of Fincl Data: Projected Proforma
Showing Notification Methods: Text
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: Interest Only
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: Cash to Loan; Conventional
Environmental: None
Listing Office: Grace CRE
Last Updated: May - 04 - 2026
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