$259,900
Glendale, AZ 85303
MLS# 5758913
Status: Closed
1 / 3
Property Description
Great Opportunity and Rare Find: Four-plex with large 910 sq - 2 Bed, 1 Bath Units close to Historic Downtown Glendale, Arrowhead Towne Center, & Westgate. FULLY OCCUPIED with room to increase rents as leases renew. NO HOA. Solid Block Construction. Back units with enclosed private yards. Front Units have fenced yards for privacy. Agent is member of LLC. DRIVE BY ONLY.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $259,900
Sold Price: $259,900
Status: Closed
List Date: 2018-04-30
Location, Tax & Legal
Assessor's Map #: 28
Legal Description (Abbrev): LOT 41 GLEN WEST ESTATES MCR 010334
Assessor's Parcel #: 48
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Census Tract: 92705
Taxes: 1551
Legal: LOT 41 GLEN WEST ESTATES MCR 010334
Marketing Name: Glendale Fourplex
Map Code/Grid: N31
House Number: 7101
Compass: N
Street Name: 68TH
St Suffix: Drive
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85303
Zip4: 2641
Country: US
County Code: Maricopa
Subdivision: GLEN WEST ESTATES
Assessor Number: 143-28-048
Tax Year: 2017
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 8
Lot Size Dimensions: 7379
Total # of Units: 4
Elementary School District: Glendale Elementary District
High School District: Glendale Union High School District
Year Built: 1964
Zoning: R4
Legal Info
Range: 1E
Section: 1
Township: 2N
Lot Number: 41
Project Type
Four Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 1800
Annual Land Lse Exp: 0
Annual Landscape Exp: 200
Annual Legal & Acctg: 0
Annual Maint Exp: 1220
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 3973
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 8744
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 27930
Pmt & Rate Info
Cap Rate: 7.95
Down Payment: 0
Equity: 259900
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Central Air: 1
Electric: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Disposal: 1
Refrigerator: 1
Free-Standing Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
On Street: 1
>1 Space Per Unit: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Conventional: 1
1031 Exchange: 1
Existing 1st Loan
Conventional: 1
Existing 1st Loan Type
Fixed: 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
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: 4
Avg Rent: 600
Avg SqFt: 910
# 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: 2
Seller Concession $/%: %
Remarks Misc
Cross Street: Glendale Ave & 67th Ave
Directions: Turn R onto N 67th Ave, Turn L onto W Glendale Ave, Take the 2nd R onto N 68th Dr, Turn L onto W Glenn Dr, Take the 1st R onto N 68th Dr. 4 plex will be on
the Right/corner property.
Geo Lat: 33.539541
Geo Lon: -112.206052
Status Change Info
Off Market Date: 2018-05-02
Under Contract Date: 2018-05-01
Close of Escrow Date: 2018-05-31
Sold Price: $259,900
Income Expenses
Gross Annual Sch Inc: 29400
Net Operating Income: 20656
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Appliances Included: Free-Standing Range; Refrigerator; Disposal
Cooling: Electric; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: On Street; >1 Space Per Unit
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Existing 1st Loan: Conventional
Existing 1st Loan Type: Fixed
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: Conventional; 1031 Exchange
Environmental: None
Listing Office: AZ Brokerage Holdings, LLC
Last Updated: April - 23 - 2026
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