$284,568
Glendale, AZ 85303
MLS# 6041124
Status: Closed
1 / 28
Property Description
We are pleased to announce two four unit complexes being sold together. Each have there own parcel and can qualify for conventional financing. Both properties each have one 2 bedroom unit and one bath and 3 ones bedroom and one bath units. Each side being sold for $325,000 each and will not be separated. Other address is 6730 W Palmaire. Total sales price of $650,000 Nice desert landscaping with private fenced on court yard. Tenants are all month to month and currently rented for 500-600. Market rents are 650-850. All facts and figures are approximate buyer verify MLS information. Drive by only tenants are unaware of the sale.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $284,568
Sold Price: $284,568
Status: Closed
List Date: 2020-02-23
Location, Tax & Legal
Assessor's Map #: 28
Legal Description (Abbrev): LOT 13 TANG GARDENS MCR 010205
Assessor's Parcel #: 89
Add'l Parcels: Yes
Tax Municipality: Glendale
Census Tract: 92705
Taxes: 2167
Legal: LOT 13 & 14 TANG GARDENS MCR 010205
Marketing Name: Tang Garden Apartments
Map Code/Grid: N31
House Number: 6724
Compass: W
Street Name: PALMAIRE
St Suffix: Avenue
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85303
Zip4: 2625
Country: US
County Code: Maricopa
Subdivision: TANG GARDENS
Assessor Number: 143-28-089
Tax Year: 2019
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 4
Lot Size Dimensions: IRR
Total # of Units: 4
Elementary School District: Glendale Elementary District
High School District: Glendale Union High School District
Elementary School: Other
Jr. High School: Other
High School: Other
Year Built: 1963
Zoning: MULTI
Legal Info
Range: 1E
Section: 1
Township: 2N
Lot Number: 13
Project Type
Four Plex: 1
5 - 12 Units: 1
Construction
Block: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Built-Up: 1
Floors
Vinyl: 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: 1000
Annual Legal & Acctg: 0
Annual Maint Exp: 3000
Annual Mgmt Exp: 0
Annual Trash Exp: 2000
Annual Wtr/Swr Exp: 1500
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 1085
Operating Exp: 11952
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 31350
Total Monthly Rental Income: 2750
Pmt & Rate Info
Cap Rate: 5.97
Down Payment: 0
Equity: 325000
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
Barbecue: 1
Heating
Individual: 1
Cooling
Electric: 1
Individual: 1
Exterior Amenities
Desert Landscaping: 1
Partially Fenced: 1
Curb(s) & Gutter(s): 1
Cable TV Available: 1
Sidewalk(s): 1
Patio/Balcony: 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Refrigerator: 1
Free-Standing Range: 1
Road Access Type
Alley: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Projected Proforma: 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1
On Street: 1
>1 Space Per Unit: 1
Paved: 1
Other: 1
Electric
SRP: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
VA: 1
Conventional: 1
FHA: 1
No Carry: 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
Seller Prop Disc Stm: 1
Sch of Personal Prop: 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
# 1 Bedroom Units: 3
Avg Rent: 650
Avg SqFt: 700
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 850
Avg SqFt: 800
# 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: W Myrtle Ave & N 59th Ave
Directions: Head west on W Myrtle Ave toward N 59th Dr 1.0 mi Turn left onto N 67th Ave 328 ft Turn right onto W Palmaire Ave Destination will be on the left
Geo Lat: 33.541261
Geo Lon: -112.204269
Status Change Info
Off Market Date: 2020-06-04
Under Contract Date: 2020-05-13
Close of Escrow Date: 2020-06-12
Sold Price: $284,568
Income Expenses
Gross Annual Sch Inc: 33000
Net Operating Income: 19398
Property Features
Project Type: Four Plex; 5 - 12 Units
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Built-Up
Floors: Vinyl
Sale Includes: Land & Building
Community Features: No Pool; Barbecue
Exterior Amenities: Desert Landscaping; Partially Fenced; Curb(s) & Gutter(s); Cable TV Available; Sidewalk(s); Patio/Balcony
Interior Features: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: Free-Standing Range; Refrigerator
Heating: Individual
Cooling: Electric; Individual
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: None
Parking Features: On Street; >1 Space Per Unit; Free; Paved; Other
Road Access Type: Alley
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Cable TV
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: 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: VA; FHA; Conventional; No Carry
Environmental: None
Listing Office: Grace CRE
Last Updated: May - 04 - 2026
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