$645,000
Glendale, AZ 85303
MLS# 5998414
Status: Closed
1 / 16
Property Description
Amazing opportunity to own in the heart of Glendale. This is a side by side portfolio sale. This property includes address 6743 & 6737 W Palmaire Ave two 4 plexs fenced in for added privacy. Value add on this property to raise rents and add up grades to get even more cash flow. Each 4 plex contains two 2 bedrooms and and two one bedrooms each. Central air conditioning and leased laundry equipment. Bring your offer's now seller is motivated to sell. 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: $645,000
Sold Price: $645,000
Status: Closed
List Date: 2019-10-30
Location, Tax & Legal
Assessor's Map #: 28
Legal Description (Abbrev): TANG GARDENS
Assessor's Parcel #: 101
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Census Tract: 92705
Taxes: 2326
Legal: LOT 26 TANG GARDENS MCR 010205
LOT 25 TANG GARDENS MCR 010205
Marketing Name: TANG GARDENS
Map Code/Grid: N31
House Number: 6737- 6743
Compass: W
Street Name: PALMAIRE
St Suffix: Avenue
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85303
Zip4: 2629
Country: US
County Code: Maricopa
Subdivision: Tang Gardens
Assessor Number: 143-28-101
Tax Year: 2019
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 8
Lot Size Dimensions: 7431
Total # of Units: 8
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: 1976
Zoning: Res
Legal Info
Range: 1E
Section: 1
Township: 2N
Lot Number: 25
Project Type
5 - 12 Units: 1
Other Type
Packaged Offering: 1
Other (See Remarks): 1
Construction
Block: 1
Wood Frame: 1
Const - Finish
Painted: 1
Roofing
Built-Up: 1
Other: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 1000
Annual Gas Exp: 0
Annual Ins Exp: 1500
Annual Land Lse Exp: 0
Annual Landscape Exp: 500
Annual Legal & Acctg: 0
Annual Maint Exp: 4000
Annual Mgmt Exp: 2500
Annual Trash Exp: 1500
Annual Wtr/Swr Exp: 3500
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 2184
Operating Exp: 19010
Other Income: 1000
Vacancy Allowance: 0.05
Adjusted Gross Inc: 64790
Total Monthly Rental Income: 5600
Pmt & Rate Info
Cap Rate: 7.23
Down Payment: 0
Equity: 650000
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
Electric: 1
Individual: 1
Cooling
Central Air: 1
Exterior Amenities
Desert Landscaping: 1
Fenced: 1
Partially Fenced: 1
Separate Storage: 1
Security Light(s): 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Vertical Blinds: 1
Tenant Pays
Electricity: 1
Appliances Included
Refrigerator: 1
Free-Standing 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
Paved: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
VA: 1
Conventional: 1
FHA: 1
Existing 1st Loan
Conventional: 1
Other (See Rmks): 1
Existing 1st Loan Type
Fixed: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Other (See Remarks): 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
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: 4
Avg Rent: 600
Avg SqFt: 650
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 800
Avg SqFt: 750
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: 67th Ave & Myrtle Ave
Directions: south to Palmaire, east
Geo Lat: 33.54077
Geo Lon: -112.204707
Status Change Info
Off Market Date: 2020-02-11
Under Contract Date: 2020-01-03
Close of Escrow Date: 2020-02-14
Sold Price: $645,000
Income Expenses
Gross Annual Sch Inc: 67200
Net Operating Income: 47014
Property Features
Project Type: 5 - 12 Units
Other Type: Packaged Offering; Other (See Remarks)
Construction: Block; Wood Frame
Const - Finish: Painted
Roofing: Built-Up; Other
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Fenced; Partially Fenced; Separate Storage; Security Light(s)
Interior Features: Unfurnished; Fire/Smoke Alarm(s); Vertical Blinds
Appliances Included: Free-Standing Range; Refrigerator
Heating: Individual
Cooling: Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: Paved
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Projected Proforma
Showing Notification Methods: Text
Lockbox Type: None
Existing 1st Loan: Conventional; Other (See Rmks)
Existing 1st Loan Type: Fixed
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
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
Environmental: None
Listing Office: Grace CRE
Last Updated: May - 04 - 2026
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