5944 W CRESTWOOD Way, Glendale, AZ 85301

$535,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $535,000 Last Modified: 1/28/2026

Overview

Description

Investors looking for Cash Flow and low to NO maintenance...look no further. You don't have to worry about renting these units out, the Tenant pays the full amount of rent, even if there's a vacancy. Tenant pays the utilities, maintenance, repairs of fixtures, appliances, landscaping, while you sit back and collect the rent every month. There's even a property mgr. on site at no cost to you. SO EASY! Two newer ACs, New Roof, all units have 2bed/1bath with tile throughout, private patios, close to transportation, freeways and shopping minutes from downtown. Must be sold with next door 4 plex MLS: 6311634

Listing Details MLS# 6311631

Location, Tax & Legal

Map Code/Grid
N32
House Number
5944
Compass
W
Street Name
CRESTWOOD
St Suffix
Way
City/Town Code
Glendale
State/Province
AZ
Zip Code
85301
Zip4
6724
Country
US
County Code
Maricopa
Subdivision
GRANDEAIRE VILLAGE
Assessor Number
144-28-029
Tax Year
2021
Assessor's Map #
28
Legal Description (Abbrev)
GRANDEAIRE VILLAGE
Assessor's Parcel #
29
Add'l Parcels
No
Tax Municipality
Glendale
Census Tract
93106
Taxes
1598
Legal
Lot 25 Grand Aire Village MCR 01038
Marketing Name
Grand-Aire Village

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
8834
Year Built
1973
Uncvrd Parking Spcs
3
Total # of Units
4
# of Buildings
2
Zoning
MULTI
Elementary School District
Glendale Elementary District
High School District
Glendale Union High School District

Remarks Misc

Cross Street
59TH AVE & CAMELBACK
Directions
Head North on 59th, west on Oregon, south on 59th Dr. turns into Crestwood Way, follow around to properties on the right.

Status Change Info

Off Market Date
2021-12-06
Under Contract Date
2021-10-28
Close of Escrow Date
2021-12-15

Legal Info

Township
2N
Range
2E
Section
18
Lot Number
25

More Information

Income Expenses

Gross Annual Sch Inc
28800
Net Operating Income
28800

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
600
Avg SqFt
840
# Baths
Yes

Sold Info

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

Project Type

Four Plex
Yes

Construction

Block
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Built-Up
Yes

Floors

Ceramic Tile
Yes

Sale Includes

Land & Building
Yes
Other (See Remarks)
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
0
Annual Land Lse Exp
0
Annual Landscape Exp
0
Annual Legal & Acctg
0
Annual Maint Exp
0
Annual Mgmt Exp
0
Annual Trash Exp
0
Annual Wtr/Swr Exp
0
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
1598
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
28800

Pmt & Rate Info

Cap Rate
5.01
Down Payment
0
Equity
575000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Showing Notification Methods

Phone Call
Yes

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Heat Pump
Yes
Individual
Yes

Cooling

Heat Pump
Yes
Individual
Yes

Exterior Amenities

Partially Fenced
Yes
Separate Storage
Yes

Tenant Pays

Water
Yes
Sewer
Yes
Electricity
Yes
Trash Collection
Yes
Cable TV
Yes
Landscaping
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

Sewer

Sewer - Public
Yes

Parking Features

Carport
Yes
On Street
Yes
>1 Space Per Unit
Yes

Electric

SRP
Yes

Gas

None
Yes

Owner Pays

None
Yes

New Financing

Conventional
Yes
1031 Exchange
Yes

Special

Owner/Agent
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Existing 2nd Loan

Treat as Free&Clear
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Treat as Free&Clear
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

None
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Othr Ln Trm

Not Applicable
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 Construction: Block Const - Finish: Painted; Stucco Roofing: Built-Up Floors: Ceramic Tile Sale Includes: Land & Building; Other (See Remarks) Community Features: No Pool Exterior Amenities: Partially Fenced; Separate Storage Appliances Included: Free-Standing Range; Refrigerator Heating: Individual; Heat Pump Cooling: Heat Pump; Individual Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: Carport; On Street; >1 Space Per Unit Road Surface Type: Asphalt Owner Pays: None Tenant Pays: Water; Sewer; Electricity; Trash Collection; Cable TV; Landscaping Source of Fincl Data: Owner Special: Owner/Agent Showing Notification Methods: Phone Call 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: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Conventional; 1031 Exchange Environmental: None
IDX
Listing Office: Realty ONE Group
Last Updated: January - 28 - 2026
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