3643 E GLENROSA Avenue, Phoenix, AZ 85018

$1,450,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $1,450,000 Last Modified: 4/01/2025

Overview

Description

Amazing opportunity to own a Fourplex in one of the most desired neighborhoods in Arcadia. The home was fully upgraded in 2017 including electrical, marble bathrooms, kitchen, newer AC units within the last 2 years to name a few. Owners currently run a short term rental business out of the units and is open to transfer the management duties if the new owner wants to continue. Home is fully furnished. Current gross revenue 140k/year. Home is vacant and ready to maximize full LTR potential in Arcadia which ranges from $1500+ for 1/1 units and $2000+ for 2/2. 2/2 has private patio. One of the 1/1 has an Arizona room. Main courtyard has been professionally maintained by a landscaper. NO HOA. Drive by only. Previous buyer financing fell through.

Listing Details MLS# 6335202

Location, Tax & Legal

Map Code/Grid
P35
House Number
3643
Compass
E
Street Name
GLENROSA
St Suffix
Avenue
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85018
Zip4
4069
Country
US
County Code
Maricopa
Subdivision
Camelback Horizons
Assessor Number
170-31-034
Tax Year
2021
Assessor's Map #
31
Legal Description (Abbrev)
CAMELBACK HORIZONS
Assessor's Parcel #
34
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
108300
Taxes
3190
Legal
Camelback Horizona
Marketing Name
Arcadia Lite FourPlex

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
.026
Year Built
1959
Total # of Units
4
# of Buildings
2
Zoning
R3
Elementary School District
Creighton Elementary District
High School District
Phoenix Union High School District
Elementary School
Creighton Elementary School
Jr. High School
Creighton Elementary School
High School
Camelback High School
Uncvrd Parking Spcs
0

Remarks Misc

Cross Street
36th Street & Indian School
Directions
Head north on 36th, right on glenrosa, corner lot at the end of the block.

Status Change Info

Off Market Date
2022-01-07
Under Contract Date
2022-01-06
Close of Escrow Date
2022-02-08

Legal Info

Township
2N
Range
3E
Section
24
Lot Number
13

More Information

1 Bedroom Units

# 1 Bedroom Units
3
Avg SqFt
634
# Baths
Yes
Avg Rent
0

2 Bedroom Units

# 2 Bedroom Units
Yes
Avg SqFt
900
# Baths
2
Avg Rent
0

Sold Info

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

Project Type

Four Plex
Yes

Construction

Block
Yes

Const - Finish

Painted
Yes
Brick Veneer
Yes

Roofing

Composition
Yes

Floors

Other
Yes

Sale Includes

Land & Building
Yes
Personal Property
Yes
Other (See Remarks)
Yes

Income & Expenses

Annual Elec Exp
4500
Annual Gas Exp
800
Annual Ins Exp
1800
Annual Land Lse Exp
0
Annual Landscape Exp
880
Annual Legal & Acctg
0
Annual Maint Exp
0
Annual Mgmt Exp
0
Annual Trash Exp
0
Annual Wtr/Swr Exp
1200
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
12370
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0
Total Monthly Rental Income
0

Pmt & Rate Info

Down Payment
0
Equity
1360000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Showing Notification Methods

Text
Yes
Email
Yes
Phone Call
Yes

Community Features

No Pool
Yes

Heating

Heat Pump
Yes
Electric
Yes
Natural Gas
Yes

Cooling

Central Air
Yes
Individual
Yes

Exterior Amenities

Desert Landscaping
Yes
Partially Fenced
Yes

Interior Features

Furnished
Yes
Unfurnished
Yes
Partially Furnished
Yes
Fire/Smoke Alarm(s)
Yes
Mini Blinds
Yes

Tenant Pays

Gas
Yes
Electricity
Yes

Appliances Included

Dishwasher
Yes
Disposal
Yes
Microwave
Yes
Refrigerator
Yes
Free-Standing Range
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes
Other (See Remarks)
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Carport
Yes
>1 Space Per Unit
Yes
Paved
Yes

Electric

SRP
Yes
Individual Meter
Yes

Gas

SW Gas
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

Cash to Loan
Yes
VA
Yes
Conventional
Yes
FHA
Yes
1031 Exchange
Yes

Existing 1st Loan

Conventional
Yes

Existing 1st Loan Type

Fixed
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Other (See Remarks)
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

Efficiency Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Four Plex Construction: Block Const - Finish: Painted; Brick Veneer Roofing: Composition Floors: Other Sale Includes: Land & Building; Personal Property; Other (See Remarks) Community Features: No Pool Exterior Amenities: Desert Landscaping; Partially Fenced Interior Features: Furnished; Unfurnished; Partially Furnished; Fire/Smoke Alarm(s); Mini Blinds Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave Heating: Natural Gas; Heat Pump Cooling: Individual; Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: SRP; Individual Meter Gas: SW Gas Parking Features: Carport; >1 Space Per Unit; Paved Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Gas Source of Fincl Data: Owner; Other (See Remarks) Showing Notification Methods: Text; Email; Phone Call Existing 1st Loan: Conventional Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Not Applicable Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Other (See Remarks) Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Cash to Loan; VA; FHA; Conventional; 1031 Exchange Environmental: None
IDX
Listing Office: eXp Realty
Last Updated: April - 01 - 2025
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