3623 E GLENROSA Avenue, Phoenix, AZ 85018

$740,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $740,000 List Date: 5/19/2019 Last Modified: 8/05/2026

Overview

Description

This is an excellent opportunity to own in the highly desirable Arcadia area. Opportunity for long or short term rental income. This quad consists of two 1BR/1BA units and two 2BR/1BA units. All four units have dual entry and covered parking. Newer copper plumbing throughout. Units 1-3 have been upgraded with granite countertops, Nest thermostats and recessed lighting all in the last three years. Unit 4 was updated prior to current ownership. Property has been meticulously maintained. Please do not disturb tenants. Drive by only.

Listing Details MLS# 5928270

Location, Tax & Legal

Map Code/Grid
P35
House Number
3623
Compass
E
Street Name
GLENROSA
St Suffix
Avenue
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85018
Zip4
4066
Country
US
County Code
Maricopa
Subdivision
CAMELBACK HORIZONS
Assessor Number
170-31-028
Tax Year
2018
Assessor's Map #
31
Legal Description (Abbrev)
LOT 7 CAMELBACK HORIZONS MCR 007832
Assessor's Parcel #
28
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
108302
Taxes
3086.22
Legal
LOT 7 CAMELBACK HORIZONS MCR 007832
Marketing Name
Glenrosa Apartments

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
11340
Year Built
1959
Total # of Units
4
# of Buildings
Yes
Zoning
R-3
Elementary School District
Creighton Elementary District
High School District
Scottsdale Unified District
Elementary School
Monte Vista Elementary School
Jr. High School
Biltmore Preparatory Academy
High School
Arcadia High School
Uncvrd Parking Spcs
0

Remarks Misc

Cross Street
36th Street & Indian School Rd

Status Change Info

Off Market Date
2019-08-12
Under Contract Date
2019-07-08
Close of Escrow Date
2019-09-03

Legal Info

Township
2N
Range
3E
Section
24
Lot Number
7

More Information

1 Bedroom Units

# 1 Bedroom Units
2
Avg Rent
995
Avg SqFt
700
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
2
Avg Rent
1053
Avg SqFt
807
# Baths
Yes

Income Expenses

Gross Annual Sch Inc
61200
Net Operating Income
43683

Sold Info

Loan Type
Conventional
Loan Years
30
Payment Type
Fixed
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession to Buyer
8568.26
Seller Concession $/%
$
Buyer Concession to Seller
0

Project Type

Four Plex
Yes

Efficiency Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Construction

Block
Yes

Const - Finish

Painted
Yes

Roofing

Composition
Yes

Floors

Ceramic Tile
Yes

Sale Includes

Land & Building
Yes
Personal Property
Yes
Laundry Equipment
Yes

Income & Expenses

Annual Elec Exp
732
Annual Gas Exp
0
Annual Ins Exp
5400
Annual Land Lse Exp
0
Annual Landscape Exp
600
Annual Legal & Acctg
0
Annual Maint Exp
2900
Annual Mgmt Exp
3700
Annual Trash Exp
1900
Annual Wtr/Swr Exp
0
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
500
Operating Exp
18818.22
Other Income
1275
Vacancy Allowance
0.05
Adjusted Gross Inc
59351.25
Total Monthly Rental Income
5100

Pmt & Rate Info

Cap Rate
5.46
Down Payment
0
Equity
800000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Showing Notification Methods

Text
Yes

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Natural Gas
Yes

Cooling

Heat Pump
Yes

Exterior Amenities

Desert Landscaping
Yes

Tenant Pays

Gas
Yes
Electricity
Yes
Cable TV
Yes

Appliances Included

Refrigerator
Yes
Built-In Range
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Carport
Yes
1 Space/Unit
Yes

Electric

SRP
Yes

Gas

SW Gas
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

VA
Yes
Conventional
Yes
FHA
Yes
1031 Exchange
Yes

Existing 1st Loan

VA
Yes
Private
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Existing 2nd Loan

Private
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Private
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

None
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Property Features

Project Type: Four Plex Construction: Block Const - Finish: Painted Roofing: Composition Floors: Ceramic Tile Sale Includes: Land & Building; Personal Property; Laundry Equipment Community Features: No Pool Exterior Amenities: Desert Landscaping Appliances Included: Built-In Range; Refrigerator Heating: Natural Gas Cooling: Heat Pump Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: SW Gas Parking Features: Carport; 1 Space/Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Gas; Cable TV Source of Fincl Data: Owner Showing Notification Methods: Text Lockbox Type: None Existing 1st Loan: VA; Private Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Private Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Private Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: VA; FHA; Conventional; 1031 Exchange Environmental: None
IDX
Listing Office: Joseph A Morgan
Last Updated: August - 05 - 2026
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