5810 N 59th Drive -, Glendale, AZ 85301
$800,000
Property Type:
Land
Lot Size (sq. ft.):
153,766
Status:
Closed
Current Price:
$800,000
List Date:
2/17/2021
Last Modified:
7/17/2021
Description
City approved zoning and design ready to go for a 33 unit modern apartment development. Developers can simply give architect the go ahead to finish construction docs and start building in just a few months. Fantastic rental area, with almost zero lease up time. Gated, all 2 BR/2 BA design with washer dryer, individually metered, and nice sized balcony's accessible from both the living room and master bedroom. There are four (4) identical 8-plex buildings, easy and efficient build out. Cash sale preferred. Open to negotiation on JV with some cash down. R-4 zoning allows for up to 70 units to be built (20 units/acre) should owner wish to do a different layout than currently designed and City of Glendale approval is obtained. Parking spaces of 2.3/unit.
More Information MLS# 6195133
Contract Information
Type: Exclusive Right To Sell
For Sale or Lease?: Sale
Current Price: $800,000
Sold Price: $800,000
Status: Closed
List Date: 2021-02-16
Location, Tax & Legal
Lot #: -
Assessor's Map #: 30
Legal Description (Abbrev): TH PT NE4 SEC 18 DAF COM NE COR S 01D 06M W 539.88F TH W 153.74F TPOB TH S 01D 06M W 120F TH W 511.5
Assessor's Parcel #: 8
Assessor Parcel Ltr: C
Add'l Parcels: Yes
Tax Municipality: Glendale
Census Tract: 93105
Taxes: 3927
Map Code/Grid: N32
House Number: 5810
Compass: N
Street Name: 59th
St Suffix: Drive
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85301
County Code: Maricopa
Assessor Number: 144-30-008-C
Tax Year: 2020
General Property Description
Apx Total Acres: 3.53
Apx Total Acres G/N: N
Price Per Acre: 225212.46
# Lots in Listing: 5
# Units Allowed: 33
Apx SqFt: 153766
Price Per SqFt: 5.17
Apx SqFt G/N: N
Lot Size Dimensions: 195 feet x 715 feet roughly
Zoning: R-4
Legal Info
Range: 2E
Section: 18
Township: 2N
Lot Number: -
Special Listing Cond
N/A: 1
Pmt & Rate Info
Equity: 795000
Total Owed: 0
Assoc/Prop Info
HOA Y/N: N
PAD Fee Y/N: N
Assessed Balance: 0
HOA 2 Y/N: N
Showing Notification Methods
No Notification Required to Show: 1
Lockbox Type
None: 1
Existing Land Use
Residential Lot: 1
Zoned Presently
Multi-Family: 1
Potential Use
Multi-Family: 1
Parcel Size
2.50 - 4.99 Acres: 1
Current Density
16 - 20 Units P/Acre: 1
Proposed Density
16 - 20 Units P/Acre: 1
Development Status
Raw Land: 1
Plans Available: 1
Plans Included: 1
Land Features
Dual Street Ftg: 1
Land Configuration
Irregular Shape: 1
Road Surface Type
Asphalt: 1
Road Responsibility
City Maintained Road: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Electric
SRP: 1
Gas
SW Gas: 1
Existing Structures
Residence: 1
Distance to Cable
On Property: 1
New Financing
Cash: 1
Conventional: 1
Owner May Carry: 1
Distance to Phone
On Property: 1
Distance to Water
On Property: 1
Existing 1st Loan
Treat as Free&Clear: 1
Distance to Electric
On Property: 1
Distance to Gas
On Property: 1
Distance to Sewer
On Property: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Sold Info
Loan Type: Cash
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: 59th Ave & Bethany Home
Directions: From 59th Ave & Bethany Home, head west, then head south on 59th Drive, property is at the end of the street.
Geo Lat: 33.522885
Geo Lon: -112.188384
Status Change Info
Off Market Date: 2021-05-11
Under Contract Date: 2021-05-04
Close of Escrow Date: 2021-07-16
Sold Price: $800,000
Property Features
Special Listing Cond: N/A
Existing Land Use: Residential Lot
Zoned Presently: Multi-Family
Potential Use: Multi-Family
Parcel Size: 2.50 - 4.99 Acres
Current Density: 16 - 20 Units P/Acre
Proposed Density: 16 - 20 Units P/Acre
Development Status: Raw Land; Plans Available; Plans Included
Land Features: Dual Street Ftg
Land Configuration: Irregular Shape
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Existing Structures: Residence
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Distance to Cable: On Property
Distance to Phone: On Property
Distance to Water: On Property
Distance to Electric: On Property
Distance to Gas: On Property
Distance to Sewer: On Property
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional; Owner May Carry
Environmental: None
Showing Notification Methods: No Notification Required to Show
Lockbox Type: None
Listing Office:
SVN/Desert Commercial Advisors
Last Updated: July - 17 - 2021
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