$620,000
Glendale, AZ 85303
MLS# 7018970
1 / 12
Property Description
This property features a highly desirable unit mix consisting entirely of 2-bedroom, 1-bath units, each just under 800 square feet. It currently generates strong cash flow, with rents below market value, offering excellent upside potential for investors. Over the past several years, the property has seen multiple upgrades, including improvements to kitchens, tile work, and other building enhancements. The property also includes a well-maintained, fenced yard for added appeal.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $620,000
List Price: $620,000
Status: Active
List Date: 2026-04-23
Location, Tax & Legal
Assessor's Map #: 28
Legal Description (Abbrev): LOT 23 TANG GARDENS MCR 010205
Assessor's Parcel #: 99
Add'l Parcels: No
Tax Municipality: Glendale
Census Tract: 92705
Taxes: 1519
Legal: LOT 23 TANG GARDENS MCR 010205
Marketing Name: Tang Gardens
House Number: 6725
Compass: W
Street Name: PALMAIRE
St Suffix: Avenue
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85303
Zip4: 2631
Country: US
County Code: Maricopa
Subdivision: TANG GARDENS
Assessor Number: 143-28-099
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 4
Lot Size Dimensions: 7449
Total # of Units: 4
Elementary School District: Glendale Elementary District
High School District: Glendale Union High School District
Elementary School: Glendale American School
High School: Glendale High School
Year Built: 1974
Zoning: M-H
Legal Info
Range: 1E
Section: 1
Township: 2N
Lot Number: 23
Project Type
Four Plex: 1
Construction
Block: 1
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Foam: 1
Floors
Tile: 1
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Operating Exp: 1519
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 57000
Pmt & Rate Info
Cap Rate: 0.65
Down Payment: 0
Equity: 620000
Down Payment %: 0
Monthly Payments: 1250
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Heat Pump: 1
Electric: 1
Cooling
Central Air: 1
Electric: 1
Exterior Amenities
Desert Landscaping: 1
Curb(s) & Gutter(s): 1
Cable TV Available: 1
Sidewalk(s): 1
Security Light(s): 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
Dedicated Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Other (See Remarks): 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Sewer-In & Connected: 1
Parking Features
Carport: 1
On Street: 1
>1 Space Per Unit: 1
Add'l Parking Avail: 1
Electric
SRP: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
No Carry: 1
Existing 1st Loan
Conventional: 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
Contact Info
List Agent Home Phn: 602-386-7885
Efficiency Units
# Efficiency Units: 4
Avg Rent: 1250
Avg SqFt: 781
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 1250
Avg SqFt: 781
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1250
Avg SqFt: 781
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 2
Avg Rent: 1250
Avg SqFt: 781
# Baths: 1
4 Bedrooms Units
# 4 Bedroom Units: 2
Avg Rent: 1250
Avg SqFt: 781
# Baths: 1
Remarks Misc
Cross Street: 67TH AVE. & GLENDALE
Directions: Indian School to Grand to Orangewood. South on 67th Avenue. Right Palmaire. About 1.5 miles to Downtown Glendale. About 4.5 miles to University of Phoenix Cardinals Stadium.
Geo Lat: 33.540771
Geo Lon: -112.204298
Income Expenses
Gross Annual Sch Inc: 60000
Net Operating Income: 4000
Property Features
Project Type: Four Plex
Construction: Block; Wood Frame
Const - Finish: Painted; Stucco
Roofing: Foam
Floors: Tile; Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Curb(s) & Gutter(s); Cable TV Available; Sidewalk(s); Security Light(s)
Interior Features: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: Free-Standing Range; Refrigerator
Heating: Heat Pump
Cooling: Electric; Central Air
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public; Sewer-In & Connected
Electric: SRP; Individual Meter
Gas: None
Parking Features: Carport; On Street; >1 Space Per Unit; Add'l Parking Avail
Road Access Type: Alley; Dedicated Street
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner; Projected Proforma; Other (See Remarks)
Showing Notification Methods: Text; Phone Call
Lockbox Type: None
Existing 1st Loan: Conventional
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: Cash; VA; FHA; Conventional; No Carry
Environmental: None
Listing Office: My Home Group Real Estate
Last Updated: April - 26 - 2026
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