5229 N 59TH Drive, Glendale, AZ 85301

$550,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $550,000 Last Modified: 1/28/2025

Overview

Description

Block constructed 4plex (x2). Copper plumbing, onsite laundry. Lots of upgrades have been done to interior and exterior. New roof, A/C units a couple years old, new paint etc. Interiors have been updated as tenants have moved out so all units have had upgrades in the last 2 years.Has to be bought as a package Deal 5237 N. 59th Dr (Tax Show Ave.) separate parcel (144-28-005) Twin 4plex. Please drive by only. Total of 8 units. 6/1 & 2/2. DO NOT DISTURB TENANTS!! All measurements and financial info to be verified by buyer prior to close. All facts and figuers are approximate. Buyer verify MLS information. Drive by only tenants are unaware of the sale. All tenants pay their own electric. Owner pays water. Water is approx. 50.00 p/mo p/unit.

Listing Details MLS# 5918804

Location, Tax & Legal

Map Code/Grid
N32
House Number
5229
Compass
N
Street Name
59TH
St Suffix
Drive
City/Town Code
Glendale
State/Province
AZ
Zip Code
85301
Zip4
6662
Country
US
County Code
Maricopa
Subdivision
GRANDEAIRE VILLAGE
Assessor Number
144-28-006
Tax Year
2018
Assessor's Map #
28
Legal Description (Abbrev)
LOT 2 GRANDEAIRE VILLAGE MCR 010308
Assessor's Parcel #
6
Add'l Parcels
No
Tax Municipality
Glendale
Census Tract
93106
Taxes
1272
Legal
LOT 2 GRANDEAIRE VILLAGE MCR 010308
Marketing Name
4 Plex

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
9522
Year Built
1964
Uncvrd Parking Spcs
8
Total # of Units
8
# of Buildings
Yes
Zoning
multi
Elementary School District
Glendale Elementary District
High School District
Glendale Union High School District
Elementary School
William C Jack School
Jr. High School
Challenger Middle School
High School
Independence High School

Remarks Misc

Cross Street
Camelback 59th Ave
Directions
North to Oregon East to 59th DR south to home.

Status Change Info

Off Market Date
2019-05-02
Under Contract Date
2019-05-01
Close of Escrow Date
2019-05-30

Legal Info

Township
2N
Range
2E
Section
18
Lot Number
2

More Information

1 Bedroom Units

# 1 Bedroom Units
6
Avg Rent
650
Avg SqFt
750
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
2
Avg Rent
750
Avg SqFt
750
# Baths
Yes

Contact Info

List Agent Home Phn
480-718-9881
List Agent Hme Phn 2
480718-9881
List Agent Cell Phn2
480-861-8614

Sold Info

Loan Type
Cash
Payment Type
Other
Closing Cost Split
Seller Assist - A
Buyer Concession $/%
%
Seller Concession to Buyer
3000
Seller Concession $/%
$
Buyer Concession to Seller
0

Project Type

Four Plex
Yes

Construction

Block
Yes

Const - Finish

Painted
Yes

Roofing

Composition
Yes

Floors

Ceramic Tile
Yes

Sale Includes

Land & Building
Yes
Personal Property
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
0
Annual Land Lse Exp
0
Annual Landscape Exp
0
Annual Legal & Acctg
0
Annual Maint Exp
0
Annual Mgmt Exp
0
Annual Trash Exp
0
Annual Wtr/Swr Exp
5000
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
6272
Other Income
0
Vacancy Allowance
0.05
Adjusted Gross Inc
0
Total Monthly Rental Income
5400

Pmt & Rate Info

Down Payment
0
Equity
629000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Community Features

No Pool
Yes

Heating

Electric
Yes
Individual
Yes
Central
Yes

Cooling

Electric
Yes

Exterior Amenities

Landscape Water System
Yes
Green Landscaping
Yes
Separate Storage
Yes
Security Light(s)
Yes

Tenant Pays

Electricity
Yes

Appliances Included

Refrigerator
Yes
Free-Standing Range
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Projected Proforma
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

>1 Space Per Unit
Yes
Paved
Yes
Assigned
Yes

Electric

APS
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

VA
Yes
Conventional
Yes
FHA
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Existing 2nd Loan

Treat as Free&Clear
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Treat as Free&Clear
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 Roofing: Composition Floors: Ceramic Tile Sale Includes: Land & Building; Personal Property Community Features: No Pool Exterior Amenities: Landscape Water System; Green Landscaping; Separate Storage; Security Light(s) Appliances Included: Free-Standing Range; Refrigerator Heating: Individual; Central Cooling: Electric Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Parking Features: >1 Space Per Unit; Assigned; Paved Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity Source of Fincl Data: Projected Proforma Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable 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: VA; FHA; Conventional Environmental: None
IDX
Listing Office: Better Homes & Gardens Real Estate SJ Fowler
Last Updated: January - 28 - 2025
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