5233 W MYRTLE Avenue, Glendale, AZ 85301 (MLS# 4782184)

5233 W MYRTLE Avenue, Glendale, AZ 85301

$900,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $900,000 Last Modified: 10/07/2024

Overview

Description

Myrtle Manor is an 18 unit apartment community located in the heart of Glendale. The complex is located on two parcels and includes three buildings with tile roofs, a central courtyard with swimming pool and a large paved parking area for tenants. All apartments are large (960 SqFt) with two bedrooms and two baths all-on-one level. The apartments feature fireplaces, ceiling fans, kitchen appliances including dishwashers and garbage disposals, separate storage space and interior washer/dyer hook-ups. All second floor units have vaulted ceilings and skylights. The owner is continuing with a major rennovation intended to modernize the property, reduce long-term costs and improve curb appeal. The most recent upgrade is: 12 NEW AIR CONDITIONERS!!! For more info contact listing agent.

Listing Details MLS# 4782184

Location, Tax & Legal

Map Code/Grid: N32
House Number: 5233
Compass: W
Street Name: MYRTLE
St Suffix: Avenue
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85301
Zip4: 2038
Country: US
County Code: Maricopa
Assessor Number: 147-16-019
Tax Year: 2012
Assessor's Map #: 16
Legal Description (Abbrev): PARK PLACE BLKS 2,5,6
Assessor's Parcel #: 19
Add'l Parcels: Yes
Tax Municipality: Glendale
Census Tract: 92500
Taxes: 7064.66
Legal: PARK PLACE PT LOTS 7 & 8 N 230.47' EX W 130' LOT 8 & EX E 11
Marketing Name: Myrtle Manor

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 137 X 229
Year Built: 1987
Uncvrd Parking Spcs: 30
Total # of Units: 18
# of Buildings: 3
Zoning: Multi
Elementary School District: Glendale Elementary District
High School District: Glendale Union High School District
Elementary School: Melvin E Sine School
Jr. High School: Glendale American School
High School: Apollo High School

Remarks Misc

Cross Street: 51ST AVE/GLENDALE AVE
Directions: 51st Ave north from GLENDALE Ave. Turn left (west) on Myrtle. Proceed to property on left (south) side of street.

Status Change Info

Off Market Date: 2013-05-23
Under Contract Date: 2013-05-22
Close of Escrow Date: 2013-07-26

Legal Info

Township: 2N
Range: 2E
Section: 5
Lot Number: 7

More Information

Income Expenses

Gross Annual Sch Inc: 129600
Net Operating Income: 86551

2 Bedroom Units

# 2 Bedroom Units: 18
Avg Rent: 600
Avg SqFt: 960
# Baths: 2

Sold Info

Loan Type: Conventional
Loan Years: 20
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Project Type

13 - 24 Units: Yes

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Tile: Yes

Floors

Concrete: Yes
Vinyl: Yes
Ceramic Tile: Yes
Carpet: Yes

Sale Includes

Land & Building: Yes
Personal Property: Yes
Pool Equipment: Yes

Income & Expenses

Annual Elec Exp: 6224.8
Annual Gas Exp: 0
Annual Ins Exp: 4653
Annual Land Lse Exp: 0
Annual Landscape Exp: 2800
Annual Legal & Acctg: 0
Annual Maint Exp: 11627.48
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 10804.29
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 2400
Operating Exp: 45574.23
Other Income: 1051.63
Vacancy Allowance: 0.35
Adjusted Gross Inc: 84923.56

Pmt & Rate Info

Cap Rate: 9.11
Down Payment: 0
Equity: 949599
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0

Community Features

Pool: Yes
Barbecue: Yes

Heating

Electric: Yes
Individual: Yes

Cooling

Ceiling Fan(s): Yes
Electric: Yes
Individual: Yes

Exterior Amenities

Landscape Water System: Yes
Curb(s) & Gutter(s): Yes
Cable TV Available: Yes
Sidewalk(s): Yes
Patio/Balcony: Yes
Separate Storage: Yes

Interior Features

Unfurnished: Yes
Fire/Smoke Alarm(s): Yes
Mini Blinds: Yes

Tenant Pays

Electricity: Yes
Cable TV: Yes

Appliances Included

Dishwasher: Yes
Disposal: Yes
Refrigerator: Yes
Free-Standing Range: Yes
Washer/Dryer: Yes
W/D Hookup: Yes
Other: Yes

Road Access Type

Dedicated Street: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes
Sewer-In & Connected: Yes

Parking Features

Free: Yes
>1 Space Per Unit: Yes
Paved: Yes

Electric

APS: Yes
Individual Meter: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes
Landscaping: Yes
Pool Maintenance: Yes

New Financing

Conventional: Yes

Special

Incorporated Area: 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

Seller Prop Disc Stm: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

None: Yes

Existing Othr Ln Trm

Not Applicable: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: 13 - 24 Units Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Tile Floors: Concrete; Vinyl; Ceramic Tile; Carpet Sale Includes: Land & Building; Personal Property; Pool Equipment Community Features: Pool; Barbecue Exterior Amenities: Landscape Water System; Curb(s) & Gutter(s); Cable TV Available; Sidewalk(s); Patio/Balcony; Separate Storage Interior Features: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Washer/Dryer; W/D Hookup; Other Heating: Individual Cooling: Ceiling Fan(s); Electric; Individual Water Source: City Franchise Sewer: Sewer - Public; Sewer-In & Connected Electric: APS; Individual Meter Gas: None Parking Features: >1 Space Per Unit; Free; Paved Road Access Type: Dedicated Street Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping; Pool Maintenance Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Special: Incorporated Area 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: Conventional Environmental: None

Listing Office: Better Homes & Gardens Real Estate SJ Fowler

Last Updated: October - 07 - 2024