5938 W ROSE Lane, Glendale, AZ 85301
$630,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$630,000
Last Modified:
3/11/2025
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.
More Information MLS# 6776037
Contract Info
Ownership: Fee Simple
Current Price: $630,000
Sold Price: $630,000
Status: Closed
List Date: 2024-10-25
Location, Tax & Legal
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
House Number: 5938
Compass: W
Street Name: ROSE
St Suffix: Lane
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85301
Zip4: 4454
County Code: Maricopa
Subdivision: ORCHARD ADD BLK 6 LOT 5-10
Assessor Number: 144-18-042-E
Tax Year: 2024
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 8
Lot Size Dimensions: 137x75
Total # of Units: 4
Elementary School District: Glendale Elementary District
High School District: Glendale Union High School District
Year Built: 1974
Zoning: MULTI
Legal Info
Range: 2E
Section: 7
Township: 2N
Lot Number: 8
Project Type
Four Plex: 1
Other Type
Other (See Remarks): 1
Construction
Block: 1
Slump Block: 1
Const - Finish
Painted: 1
Roofing
Rolled: 1
Floors
Ceramic Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
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
Showing Notification Methods
Showing Service: No Showing Service Used
Lockbox Type
None: 1
Community Features
Other: 1
Heating
Electric: 1
Individual: 1
Central: 1
Cooling
Central Air: 1
Electric: 1
Individual: 1
Exterior Amenities
Desert Landscaping: 1
Sidewalk(s): 1
Patio/Balcony: 1
Tenant Pays
Gas: 1
Electricity: 1
Appliances Included
Refrigerator: 1
Free-Standing Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
See Remarks: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Paved: 1
Add'l Parking Avail: 1
Electric
APS: 1
Individual Meter: 1
Gas
SW Gas: 1
Individual Meter: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
Conventional: 1
FHA: 1
1031 Exchange: 1
Special
Owner/Agent: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1273.09
Avg SqFt: 750
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Other
Loan Years: 30
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 AND BETHANY HOME
Geo Lat: 33.528244
Geo Lon: -112.187763
Status Change Info
Off Market Date: 2025-03-05
Under Contract Date: 2025-02-02
Close of Escrow Date: 2025-03-11
Sold Price: $630,000
Income Expenses
Gross Annual Sch Inc: 61108.32
Net Operating Income: 53918.32
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
Listing Office:
HomeSmart
Last Updated: March - 11 - 2025
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