5229 N 59TH Drive, Glendale, AZ 85301

$611,500
Property Type: Multiple Dwellings Status: Closed
Current Price: $611,500 Last Modified: 7/14/2020

Overview

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.

Listing Details MLS# 6059344

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
GRAND-AIRE VILLAGE
Assessor Number
144-28-006
Tax Year
2019
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

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
2
Zoning
R-4
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
Bethany Home & 59th Ave
Directions
South on 59th ave* West on Oregon* South on 59th drive, property on East side of 59th Drive

Status Change Info

Off Market Date
2020-07-09
Under Contract Date
2020-07-07
Close of Escrow Date
2020-07-14

Legal Info

Township
2N
Range
2E
Section
18
Lot Number
2

More Information

1 Bedroom Units

# 1 Bedroom Units
6
Avg Rent
725
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
2
Avg Rent
799
# Baths
Yes

Sold Info

Loan Type
Other
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
5 - 12 Units
Yes

Construction

Block
Yes

Const - Finish

Painted
Yes

Roofing

Composition
Yes

Floors

Ceramic Tile
Yes

Sale Includes

Land & Building
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
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
Yes
Email
Yes
Phone Call
Yes

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Electric
Yes

Cooling

Electric
Yes

Exterior Amenities

Landscape Water System
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

Owner
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

Conventional
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

Other (See Remarks)
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; 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
IDX
Listing Office: Realty ONE Group
Last Updated: July - 14 - 2020
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.