4717 W NICOLET Avenue, Glendale, AZ 85301
$562,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$562,000
Last Modified:
1/13/2026
Description
Don't miss this fantastic opportunity to own a unique multi-unit investment property with tons of value added potential! A charming complex that features 3 rental units. The main house boasts terrific curb appeal, accompanied by a cozy guest house and a garage conversion. The property is designed for easy care, with fenced yards, a mix of covered and open patio spaces, and spacious parking. Two of the three units are currently occupied by long-term, reliable tenants, ensuring immediate rental income. The third unit has been recently upgraded and is ready to be rented. In addition to the living spaces, this property includes a large storage unit and offers a high land-to-building ratio. This means there's plenty of excess space for RV or boat parking.
More Information MLS# 6754785
Contract Info
Ownership: Fee Simple
Current Price: $562,000
Sold Price: $562,000
Status: Closed
List Date: 2024-09-05
Location, Tax & Legal
Assessor's Map #: 11
Legal Description (Abbrev): LOT 34 NICOLET PLACE MCR 005113
Assessor's Parcel #: 34
Add'l Parcels: No
Tax Municipality: Glendale
Census Tract: 92401
Taxes: 1799
Legal: LOT 34 NICOLET PLACE MCR 005113
Marketing Name: Nicolet 3-plex
House Number: 4717
Compass: W
Street Name: NICOLET
St Suffix: Avenue
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85301
Zip4: 2146
County Code: Maricopa
Subdivision: NICOLET PLACE
Assessor Number: 147-11-034
Tax Year: 2023
General Property Description
# of Buildings: 3
Uncvrd Parking Spcs: 5
Lot Size Dimensions: 154.5 x 120.86
Total # of Units: 3
Elementary School District: Glendale Elementary District
High School District: Glendale Union High School District
Elementary School: Melvin E Sine School
Jr. High School: Melvin E Sine School
High School: Apollo High School
Year Built: 1944
Zoning: R1-6
Legal Info
Range: 2E
Section: 4
Township: 2N
Lot Number: 34
Project Type
Tri-Plex: 1
Other Type
House + Rental Units: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Built-Up: 1
Floors
Vinyl: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Ins Exp: 1370
Annual Maint Exp: 4779
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Other Expense: 8000
Operating Exp: 15948
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 41066.6
Total Monthly Rental Income: 4313
Pmt & Rate Info
Cap Rate: 4.48
Equity: 600000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
Other: 1
Heating
Natural Gas: 1
Cooling
Ceiling Fan(s): 1
Electric: 1
Exterior Amenities
Fenced: 1
RV/Boat Parking: 1
Separate Storage: 1
Interior Features
Unfurnished: 1
Tenant Pays
Cable TV: 1
Appliances Included
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Accountant: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
>1 Space Per Unit: 1
RV Access/Parking: 1
Electric
SRP: 1
Master Meter: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Electric: 1
Gas: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
Conventional: 1
Special
Owner/Agent: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Contact Info
List Agent Home Phn: 602-697-0730
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 1486
Avg SqFt: 998
# Baths: 3
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Mobile Home Prk Info
# Storage Spaces: 1
Sold Info
Loan Type: Cash
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: Glendale & 47th Ave
Directions: North on 47th Ave, west on Nicolet, second property on south side, (no- sign)
Geo Lat: 33.54242
Geo Lon: -112.160781
Status Change Info
Off Market Date: 2024-09-30
Under Contract Date: 2024-09-14
Close of Escrow Date: 2024-09-30
Sold Price: $562,000
Income Expenses
Gross Annual Sch Inc: 43228
Net Operating Income: 26871
Property Features
Project Type: Tri-Plex
Other Type: House + Rental Units
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Built-Up
Floors: Vinyl
Sale Includes: Land & Building
Community Features: Other
Exterior Amenities: Fenced; RV/Boat Parking; Separate Storage
Interior Features: Unfurnished
Appliances Included: Free-Standing Range; Refrigerator; Washer/Dryer
Heating: Natural Gas
Cooling: Ceiling Fan(s); Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP; Master Meter
Gas: SW Gas
Parking Features: Carport; >1 Space Per Unit; RV Access/Parking
Road Surface Type: Asphalt
Owner Pays: Water; Electric; Gas; Trash Collection; Landscaping
Tenant Pays: Cable TV
Source of Fincl Data: Owner; Accountant
Special: Owner/Agent
Showing Notification Methods: Text; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional
Environmental: None
Listing Office:
RE/MAX Professionals
Last Updated: January - 13 - 2026
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