5437 W ORANGEWOOD Avenue, Glendale, AZ 85301
$1,546,247
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$1,546,247
Last Modified:
1/26/2025
Description
IN HEART OF GLENDALE, CLOSE TO HISTORIC AREA, ACROSS FROM PARK, UTILITIES PAID BY TENANTS ALL INDIVIDUALLY METERED FOR ELECTRIC,***SELLER PAYS WATER AND SEWER****TOTAL OF 24 UNITS PLUS LAUNDRY BLD. SEE ADDENDUM 1 IN DOCUMENTS. ****DO NOT DISTURB TENANTS****DRIVE BY ONLY*****
More Information MLS# 5902420
Contract Info
Ownership: Fee Simple
Current Price: $1,546,247
Sold Price: $1,546,247
Status: Closed
List Date: 2019-03-28
Location, Tax & Legal
Assessor's Map #: 18
Assessor's Parcel #: 79
Add'l Parcels: No
Tax Municipality: Glendale
Taxes: 218
Legal: COOK & WHITE
Marketing Name: 24 UNITS
Map Code/Grid: N32
House Number: 5437
Compass: W
Street Name: ORANGEWOOD
St Suffix: Avenue
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85301
Zip4: 1426
County Code: Maricopa
Subdivision: COOK & WHITE ADD
Assessor Number: 147-18-079
Tax Year: 2017
General Property Description
# of Buildings: 6
Uncvrd Parking Spcs: 0
Lot Size Dimensions: 6647
Total # of Units: 24
Elementary School District: Glendale Elementary District
High School District: Glendale Union High School District
Year Built: 1950
Zoning: R-2
Project Type
13 - 24 Units: 1
Construction
Block: 1
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Built-Up: 1
Floors
Concrete: 1
Ceramic Tile: 1
Carpet: 1
Sale Includes
Building(s) Only: 1
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 11973
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 1025
Annual Maint Exp: 17000
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 11400
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 41616
Other Income: 0
Vacancy Allowance: 5
Adjusted Gross Inc: 572000
Pmt & Rate Info
Cap Rate: 4
Down Payment: 320000
Equity: 1600000
Down Payment %: 20
Monthly Payments: 6000
Total Owed: 0
Assessment Balance: 0
Lockbox Type
None: 1
Community Features
No Pool: 1
Other: 1
See Remarks: 1
Heating
Heat Pump: 1
Natural Gas: 1
Cooling
Electric: 1
Exterior Amenities
Cable TV Available: 1
Interior Features
Unfurnished: 1
Mini Blinds: 1
Tenant Pays
Electricity: 1
Appliances Included
Built-In Range: 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
On Street: 1
1 Space/Unit: 1
Paved: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
New Financing
Conventional: 1
1031 Exchange: 1
Special
Accept Backups (CLO): 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
Seller Prop Disc Stm: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Other (See Remarks): 1
Contact Info
List Agent Home Phn: 623-572-9373
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 14
Avg Rent: 500
Avg SqFt: 600
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 9
Avg Rent: 550
Avg SqFt: 700
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 600
Avg SqFt: 800
# Baths: 1
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Loan Years: 30
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: 55 AVE & ORANGEWOOD
Directions: SOUTH ON 55 AVE TO ORANGEWOOD, EAST TO PROPERTY
***DO NOT DISTURB TENANTS******
Geo Lat: 33.545512
Geo Lon: -112.176724
Status Change Info
Off Market Date: 2019-05-22
Under Contract Date: 2019-03-28
Close of Escrow Date: 2019-06-25
Sold Price: $1,546,247
Legal Info
Lot Number: 3/4
Income Expenses
Gross Annual Sch Inc: 143000
Net Operating Income: 64000
Property Features
Project Type: 13 - 24 Units
Construction: Block; Wood Frame
Const - Finish: Painted; Stucco
Roofing: Composition; Built-Up
Floors: Concrete; Ceramic Tile; Carpet
Sale Includes: Building(s) Only; Land & Building
Community Features: No Pool; Other; See Remarks
Exterior Amenities: Cable TV Available
Interior Features: Unfurnished; Mini Blinds
Appliances Included: Built-In Range; Free-Standing Range
Heating: Natural Gas; Heat Pump
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: On Street; 1 Space/Unit; Paved
Road Surface Type: Asphalt
Owner Pays: Water
Tenant Pays: Electricity
Source of Fincl Data: Owner
Special: Accept Backups (CLO)
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: Other (See Remarks)
New Financing: Conventional; 1031 Exchange
Environmental: None
Listing Office:
West USA Realty
Last Updated: January - 26 - 2025
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