5229 N 59TH Drive, Glendale, AZ 85301
$611,500
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$611,500
Last Modified:
7/14/2020
Description
Amazing deal on a cash cow 8 plex in Glendale* Block construction* Copper plumbing* Deeded as 2 - 4 plexes allowing for residential financing* Consisting of 6 -1 bedrooms and 2 - 2 bedroom units* Total lot size is .45 acre* 6 units have been renovated* 2 units have fire damage (approved plans to repair will convey), 1 minor damage and 1 major damage* On sight laundry* Please drive by only. DO NOT DISTURB TENANTS!! All info to be verified by buyer prior to close.
More Information MLS# 6059344
Contract Info
Ownership: Fee Simple
Current Price: $611,500
Sold Price: $611,500
Status: Closed
List Date: 2020-03-31
Location, Tax & Legal
Assessor's Map #: 28
Legal Description (Abbrev): GRAND-AIRE VILLAGE
Assessor's Parcel #: 6
Add'l Parcels: Yes
Tax Municipality: Glendale
Census Tract: 93106
Taxes: 1322
Legal: GRAND-AIRE VILLAGE
Marketing Name: Cash flow 8 plex
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
County Code: Maricopa
Subdivision: GRAND-AIRE VILLAGE
Assessor Number: 144-28-006
Tax Year: 2019
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 8
Lot Size Dimensions: 9522
Total # of Units: 8
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
Year Built: 1964
Zoning: R-4
Legal Info
Range: 2E
Section: 18
Township: 2N
Lot Number: 2
Project Type
Four Plex: 1
5 - 12 Units: 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: 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: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 1322
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Pmt & Rate Info
Down Payment: 0
Equity: 669000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Electric: 1
Exterior Amenities
Landscape Water System: 1
Separate Storage: 1
Security Light(s): 1
Tenant Pays
Electricity: 1
Appliances Included
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
>1 Space Per Unit: 1
Paved: 1
Assigned: 1
Electric
APS: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Conventional: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Other (See Remarks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Other (See Remarks): 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 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
# 1 Bedroom Units: 6
Avg Rent: 725
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 799
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Other
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: Bethany Home & 59th Ave
Directions: South on 59th ave* West on Oregon* South on 59th drive, property on East side of 59th Drive
Geo Lat: 33.513852
Geo Lon: -112.187632
Status Change Info
Off Market Date: 2020-07-09
Under Contract Date: 2020-07-07
Close of Escrow Date: 2020-07-14
Sold Price: $611,500
Property Features
Project Type: Four Plex; 5 - 12 Units
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Landscape Water System; Separate Storage; Security Light(s)
Appliances Included: Free-Standing Range; Refrigerator
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: Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
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: Conventional
Environmental: None
Listing Office:
Realty ONE Group
Last Updated: July - 14 - 2020
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