$279,568
Glendale, AZ 85303
MLS# 6041125
Status: Closed
1 / 32
Property Description
We are pleased to announce Glen West Estates. These are very nice units with private yards. These units are all two bedroom one bath units. All units are fully rented with long term tenants below market rents at 600. All tenants are on a month to month lease. Current market rents are at 800-850. All units have covered parking and central air conditioning. You must buy 7014 n 68th Dr next for $295,000 for total of $590,000. Being currently sold as is. 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: $279,568
Sold Price: $279,568
Status: Closed
List Date: 2020-02-22
Location, Tax & Legal
Assessor's Map #: 28
Legal Description (Abbrev): LOT 5 GLEN WEST ESTATES MCR 010334
Assessor's Parcel #: 12
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Census Tract: 92705
Taxes: 1479
Legal: LOT 5 GLEN WEST ESTATES MCR 010334
Marketing Name: GLEN WEST ESTATES
Map Code/Grid: N31
House Number: 7018
Compass: N
Street Name: 68TH
St Suffix: Drive
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85303
Zip4: 2638
Country: US
County Code: Maricopa
Subdivision: GLEN WEST ESTATES
Assessor Number: 143-28-012
Tax Year: 2019
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 3
Lot Size Dimensions: 7187
Total # of Units: 3
Elementary School District: Glendale Elementary District
High School District: Glendale Union High School District
Elementary School: Desert Spirit
Jr. High School: Desert Spirit
High School: Glendale High School
Year Built: 1971
Zoning: MULTI
Legal Info
Range: 1E
Section: 1
Township: 2N
Lot Number: 5
Project Type
Tri-Plex: 1
5 - 12 Units: 1
Other (See Remarks): 1
Construction
Wood Frame: 1
Const - Finish
Stucco: 1
Roofing
Composition: 1
Floors
Other: 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: 1500
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 1479
Operating Exp: 8658
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 29070
Total Monthly Rental Income: 2550
Pmt & Rate Info
Cap Rate: 6.9
Down Payment: 0
Equity: 295000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Individual: 1
Cooling
Heat Pump: 1
Other: 1
See Remarks: 1
Exterior Amenities
Curb(s) & Gutter(s): 1
Tenant Pays
Other (See Remarks): 1
Appliances Included
Other: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Other (See Remarks): 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Other: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Other: 1
See Remarks: 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
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
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: 828
# 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: 67TH. AVE. / GLENDALE
Geo Lat: 33.539202
Geo Lon: -112.206096
Status Change Info
Off Market Date: 2020-06-04
Under Contract Date: 2020-05-13
Close of Escrow Date: 2020-06-12
Sold Price: $279,568
Income Expenses
Gross Annual Sch Inc: 30600
Net Operating Income: 20355
Property Features
Project Type: Tri-Plex; 5 - 12 Units; Other (See Remarks)
Construction: Wood Frame
Const - Finish: Stucco
Roofing: Composition
Floors: Other
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Curb(s) & Gutter(s)
Appliances Included: Other
Heating: Individual
Cooling: Heat Pump; Other; See Remarks
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: Other
Road Surface Type: Asphalt
Owner Pays: Other; See Remarks
Tenant Pays: Other (See Remarks)
Source of Fincl Data: Other (See Remarks)
Showing Notification Methods: Text; Email; 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: 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: Conventional
Environmental: None
Listing Office: Grace CRE
Last Updated: May - 04 - 2026
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