5930 W Keim Drive, Glendale, AZ 85301
$695,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$695,000
Last Modified:
4/20/2024
Description
This well-maintained 4-plex is a great investment opportunity! This property offers a value-add component but units are clean as-is and rented at or near market rents. The unit mix features (4) large two-bed / one-bath units, each at 900 square feet. On-site laundry and on-site parking is available for the tenants. This property is fully occupied with two tenants on month-to-month leases and two tenants on annual leases. Individually metered for electric. Advantageous opportunity for FHA, conventional, exchange, or cash buyers. Conveniently located near downtown Glendale and Grand Ave / Highway 60.
More Information MLS# 6675409
Contract Info
Ownership: Fee Simple
Current Price: $695,000
Sold Price: $695,000
Status: Closed
List Date: 2024-03-11
Location, Tax & Legal
Assessor's Map #: 19
Legal Description (Abbrev): Glenfair Garden Courts
Assessor's Parcel #: 22
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Glendale
Taxes: 1581
Legal: GLENFAIR GARDEN COURTS LOT 17 & W 58.32' LOT 16 EX W 190' OF LOT 17
Marketing Name: NA
House Number: 5930
Compass: W
Street Name: Keim
St Suffix: Drive
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85301
Zip4: 5138
County Code: Maricopa
Subdivision: Glenfair Garden Courts
Assessor Number: 144-19-022-A
Tax Year: 2023
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 5
Lot Size Dimensions: 0.28 acres/12149 sf
Total # of Units: 4
Elementary School District: Alhambra Elementary District
High School District: Phoenix Union High School District
High School: Alhambra High School
Year Built: 1962
Zoning: Multi-Family
Legal Info
Range: 2E
Section: 7
Township: 2N
Lot Number: 16,17
Project Type
Four Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Carpet: 1
Sale Includes
Land & Building: 1
Laundry Equipment: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 800
Annual Ins Exp: 1000
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 800
Annual Wtr/Swr Exp: 1200
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 5381
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 28560
Pmt & Rate Info
Down Payment: 0
Equity: 695000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Natural Gas: 1
Individual: 1
Cooling
Ceiling Fan(s): 1
Heat Pump: 1
Exterior Amenities
Desert Landscaping: 1
Partially Fenced: 1
Cable TV Available: 1
Interior Features
Unfurnished: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Refrigerator: 1
Built-In Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Other: 1
Parking Features
On Street: 1
1 Space/Unit: 1
>1 Space Per Unit: 1
Paved: 1
Add'l Parking Avail: 1
Electric
APS: 1
Individual Meter: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Gas: 1
Trash Collection: 1
New Financing
VA: 1
Conventional: 1
FHA: 1
1031 Exchange: 1
Other (See Remarks): 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
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1240
Avg SqFt: 900
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
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: BETHANY HOME & 59TH AVE
Geo Lat: 33.527459
Geo Lon: -112.187636
Status Change Info
Off Market Date: 2024-04-20
Under Contract Date: 2024-03-12
Close of Escrow Date: 2024-04-19
Sold Price: $695,000
Income Expenses
Gross Annual Sch Inc: 28560
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Vinyl; Carpet
Sale Includes: Land & Building; Laundry Equipment
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Partially Fenced; Cable TV Available
Interior Features: Unfurnished
Appliances Included: Built-In Range; Refrigerator
Heating: Natural Gas; Individual
Cooling: Ceiling Fan(s); Heat Pump
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public; Other
Electric: APS; Individual Meter
Gas: SW Gas
Parking Features: On Street; 1 Space/Unit; >1 Space Per Unit; Add'l Parking Avail; Paved
Road Surface Type: Asphalt
Owner Pays: Water; Gas; Trash Collection
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
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: VA; FHA; Conventional; 1031 Exchange; Other (See Remarks)
Environmental: None
Listing Office:
ABI Multifamily
Last Updated: April - 20 - 2024
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