5938 W ROSE Lane, Glendale, AZ 85301

$630,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $630,000 Last Modified: 3/11/2025

Overview

Description

Great Value Add Opportunity available in Glendale! Block constructed 4-plex. All units are 2-bed/1 bath with semi-private patio and cathedral ceilings in the Living Room and Kitchen. Each unit is individually metered for electricity and gas. Laundry room on each building for potential extra income. ALL UNITS ARE FULLY OCCUPIED. The property is located in the heart of Glendale and only 4.5 miles from Westgate. Close to shopping, dining, and entertainment. Two adjacent and identical fourplexes are also available for sale. The following three listings must be sold together: MLS #6776036, MLS #6776037, & MLS #6776038.

Listing Details MLS# 6776037

Location, Tax & Legal

House Number
5938
Compass
W
Street Name
ROSE
St Suffix
Lane
City/Town Code
Glendale
State/Province
AZ
Zip Code
85301
Zip4
4454
Country
US
County Code
Maricopa
Subdivision
ORCHARD ADD BLK 6 LOT 5-10
Assessor Number
144-18-042-E
Tax Year
2024
Assessor's Map #
18
Legal Description (Abbrev)
ORCHARD ADD PT LOT 8 BLK 10 DAF E 136.67F W 251.25F OF FOL DESC PROP N 100F OF S 237.10F EX E 200F &
Assessor's Parcel #
42
Assessor Parcel Ltr
E
Add'l Parcels
No
Tax Municipality
Glendale
Census Tract
92802
Taxes
1530
Legal
ORCHARD ADD PT LOT 8 BLK 10 DAF E 136.67F W 251.25F OF FOL DESC PROP N 100F OF S 237.10F EX E 200F &
Marketing Name
Rose Lane Apartments

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
137x75
Year Built
1974
Uncvrd Parking Spcs
8
Total # of Units
4
# of Buildings
Yes
Zoning
MULTI
Elementary School District
Glendale Elementary District
High School District
Glendale Union High School District

Remarks Misc

Cross Street
59TH AVE AND BETHANY HOME

Status Change Info

Off Market Date
2025-03-05
Under Contract Date
2025-02-02
Close of Escrow Date
2025-03-11

Legal Info

Township
2N
Range
2E
Section
7
Lot Number
8

More Information

Income Expenses

Gross Annual Sch Inc
61108.32
Net Operating Income
53918.32

Showing Notification Methods

Showing Service
No Showing Service Used

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
1273.09
Avg SqFt
750
# Baths
Yes

Sold Info

Loan Type
Other
Loan Years
30
Payment Type
Other
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Project Type

Four Plex
Yes

Other Type

Other (See Remarks)
Yes

Construction

Block
Yes
Slump Block
Yes

Const - Finish

Painted
Yes

Roofing

Rolled
Yes

Floors

Ceramic Tile
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
0
Annual Ins Exp
2410
Annual Landscape Exp
400
Annual Maint Exp
1200
Annual Wtr/Swr Exp
1650
Owner Association
No
Annual Ownr Asoc Fee
0
Annual Other Expense
0
Operating Exp
7190
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
61108.32
Total Monthly Rental Income
5092.36

Pmt & Rate Info

Cap Rate
7.76
Down Payment
0
Equity
695000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Lockbox Type

None
Yes

Community Features

Other
Yes

Heating

Electric
Yes
Individual
Yes
Central
Yes

Cooling

Central Air
Yes
Electric
Yes
Individual
Yes

Exterior Amenities

Desert Landscaping
Yes
Sidewalk(s)
Yes
Patio/Balcony
Yes

Tenant Pays

Gas
Yes
Electricity
Yes

Appliances Included

Refrigerator
Yes
Free-Standing Range
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes
See Remarks
Yes

Sewer

Sewer - Public
Yes

Parking Features

>1 Space Per Unit
Yes
Paved
Yes
Add'l Parking Avail
Yes

Electric

APS
Yes
Individual Meter
Yes

Gas

SW Gas
Yes
Individual Meter
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

Cash
Yes
Conventional
Yes
FHA
Yes
1031 Exchange
Yes

Special

Owner/Agent
Yes

Reports/Disclosures

None
Yes

Environmental

None
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: Four Plex Other Type: Other (See Remarks) Construction: Block; Slump Block Const - Finish: Painted Roofing: Rolled Floors: Ceramic Tile; Carpet Sale Includes: Land & Building Community Features: Other Exterior Amenities: Desert Landscaping; Sidewalk(s); Patio/Balcony Appliances Included: Free-Standing Range; Refrigerator Heating: Individual; Central Cooling: Electric; Individual; Central Air Water Source: City Franchise; See Remarks Sewer: Sewer - Public Electric: APS; Individual Meter Gas: SW Gas; Individual Meter Parking Features: >1 Space Per Unit; Add'l Parking Avail; Paved Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Gas Source of Fincl Data: Owner Special: Owner/Agent Lockbox Type: None New Financing: Cash; FHA; Conventional; 1031 Exchange Environmental: None
IDX
Listing Office: HomeSmart
Last Updated: March - 11 - 2025
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