6316 W MARYLAND Avenue, Glendale, AZ 85301

$564,500
Property Type: Multiple Dwellings Status: Closed
Current Price: $564,500 Last Modified: 10/25/2021

Overview

Description

Amazing opportunity to own A four-plex property in the heart of Glendale, consistently 100% occupied with long term tenants below market rents at $750 to $850. Well maintained property. All units are leased. Block Construction. Current Market rents are $800-$850.The units are two bedroom one bath each with covered parking, central air conditioning, attached/in-suite washer/dryers, a block fenced and private back patio. Minutes from downtown Glendale, Close to schools, market, parks, shops. Home Warranty paid for one year. Drive by only. Head-ache and hassle free investment property.

Listing Details MLS# 6247468

Location, Tax & Legal

Map Code/Grid
N32
House Number
6316
Compass
W
Street Name
MARYLAND
St Suffix
Avenue
City/Town Code
Glendale
State/Province
AZ
Zip Code
85301
Zip4
3781
Country
US
County Code
Maricopa
Subdivision
ORCHARD ADD BLK 11 LOT 1
Assessor Number
144-13-036
Tax Year
2021
Assessor's Map #
13
Legal Description (Abbrev)
ORCHARD ADD PT LOT 8 BLK 7 S2 S2 EX W 400' & EX N 6.02' OF E 150' & EX E 140' THEREOF
Assessor's Parcel #
36
Add'l Parcels
No
Tax Municipality
Maricopa - COUNTY
Census Tract
92801
Taxes
1586
Legal
ORCHARD ADD PT LOT 8 BLK 7 S2 S2 EX W 400' & EX N 6.02' OF E 150' & EX E 140' THEREOF
Marketing Name
unknown

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
9288
Year Built
1957
Total # of Units
4
# of Buildings
Yes
Zoning
RES
Elementary School District
Glendale Elementary District
High School District
Glendale Union High School District
Uncvrd Parking Spcs
0

Remarks Misc

Cross Street
67TH AVE/GLENDALE
Directions
Maryland and 67th Street

Status Change Info

Off Market Date
2021-07-09
Under Contract Date
2021-06-16
Close of Escrow Date
2021-07-09

Legal Info

Township
2N
Range
2E
Section
7
Block
7
Lot Number
8

More Information

Income Expenses

Gross Annual Sch Inc
36000
Net Operating Income
27248

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
750
Avg SqFt
800
# 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

Roofing

Composition
Yes

Floors

Ceramic Tile
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Ins Exp
1500
Annual Landscape Exp
300
Annual Maint Exp
1500
Annual Wtr/Swr Exp
2400
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Other Expense
1500
Operating Exp
8786
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
36000

Status Update

Multiple Offers Recd
Yes

Pmt & Rate Info

Cap Rate
4.83
Down Payment
0
Equity
564500
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Natural Gas
Yes

Cooling

Ceiling Fan(s)
Yes
Electric
Yes

Exterior Amenities

Desert Landscaping
Yes
Fenced
Yes
Sidewalk(s)
Yes
Patio/Balcony
Yes
Security Light(s)
Yes

Interior Features

Unfurnished
Yes
Fire/Smoke Alarm(s)
Yes
Vertical Blinds
Yes
Mini Blinds
Yes
Drapes
Yes

Tenant Pays

Gas
Yes
Electricity
Yes
Cable TV
Yes

Appliances Included

Microwave
Yes
Refrigerator
Yes
Free-Standing Range
Yes
Washer/Dryer
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
1 Space/Unit
Yes
Paved
Yes

Electric

APS
Yes

Gas

SW Gas
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes
Other
Yes

New Financing

VA
Yes
Conventional
Yes
FHA
Yes
No Carry
Yes
1031 Exchange
Yes

Special

Owner/Agent
Yes
Accept Backups (CLO)
Yes

Existing 1st Loan

Treat as Free&Clear
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

Seller Prop Disc Stm
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 Roofing: Composition Floors: Ceramic Tile Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping; Fenced; Sidewalk(s); Patio/Balcony; Security Light(s) Interior Features: Unfurnished; Fire/Smoke Alarm(s); Vertical Blinds; Mini Blinds; Drapes Appliances Included: Free-Standing Range; Refrigerator; Microwave; Washer/Dryer Heating: Natural Gas Cooling: Ceiling Fan(s); Electric Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: Carport; 1 Space/Unit; Paved Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Other Tenant Pays: Electricity; Gas; Cable TV Source of Fincl Data: Owner Special: Owner/Agent; Accept Backups (CLO) Status Update: Multiple Offers Recd Lockbox Type: None Existing 1st Loan: Treat as Free&Clear 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: VA; FHA; Conventional; No Carry; 1031 Exchange Environmental: None
IDX
Listing Office: American Realty Brokers
Last Updated: October - 25 - 2021
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