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

Overview

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.

Listing Details MLS# 6195133

Location, Tax & Legal

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
Country
US
County Code
Maricopa
Assessor Number
144-30-008-C
Tax Year
2020
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

Contract Information

For Sale or Lease?
Sale
Type
Exclusive Right To Sell

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

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.

Status Change Info

Off Market Date
2021-05-11
Under Contract Date
2021-05-04
Close of Escrow Date
2021-07-16

Legal Info

Township
2N
Range
2E
Section
18
Lot Number
-

More Information

Sold Info

Loan Type
Cash
Closing Cost Split
Normal - N
Payment Type
Other
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Special Listing Cond

N/A
Yes

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
Yes

Lockbox Type

None
Yes

Existing Land Use

Residential Lot
Yes

Zoned Presently

Multi-Family
Yes

Potential Use

Multi-Family
Yes

Parcel Size

2.50 - 4.99 Acres
Yes

Current Density

16 - 20 Units P/Acre
Yes

Proposed Density

16 - 20 Units P/Acre
Yes

Development Status

Raw Land
Yes
Plans Available
Yes
Plans Included
Yes

Land Features

Dual Street Ftg
Yes

Land Configuration

Irregular Shape
Yes

Road Surface Type

Asphalt
Yes

Road Responsibility

City Maintained Road
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Electric

SRP
Yes

Gas

SW Gas
Yes

Existing Structures

Residence
Yes

Distance to Cable

On Property
Yes

New Financing

Cash
Yes
Conventional
Yes
Owner May Carry
Yes

Distance to Phone

On Property
Yes

Distance to Water

On Property
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Distance to Electric

On Property
Yes

Distance to Gas

On Property
Yes

Distance to Sewer

On Property
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

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
IDX
Listing Office: SVN/Desert Commercial Advisors
Last Updated: July - 17 - 2021
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