6316 W MARYLAND Avenue, Glendale, AZ 85301
$564,500
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$564,500
Last Modified:
10/25/2021
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.
More Information MLS# 6247468
Contract Info
Ownership: Fee Simple
Current Price: $564,500
Sold Price: $564,500
Status: Closed
List Date: 2021-06-08
Location, Tax & Legal
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
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
County Code: Maricopa
Subdivision: ORCHARD ADD BLK 11 LOT 1
Assessor Number: 144-13-036
Tax Year: 2021
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 0
Lot Size Dimensions: 9288
Total # of Units: 4
Elementary School District: Glendale Elementary District
High School District: Glendale Union High School District
Year Built: 1957
Zoning: RES
Legal Info
Range: 2E
Section: 7
Township: 2N
Block: 7
Lot Number: 8
Project Type
Four Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
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: 1
Pmt & Rate Info
Cap Rate: 4.83
Down Payment: 0
Equity: 564500
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Natural Gas: 1
Cooling
Ceiling Fan(s): 1
Electric: 1
Exterior Amenities
Desert Landscaping: 1
Fenced: 1
Sidewalk(s): 1
Patio/Balcony: 1
Security Light(s): 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Vertical Blinds: 1
Mini Blinds: 1
Drapes: 1
Tenant Pays
Gas: 1
Electricity: 1
Cable TV: 1
Appliances Included
Microwave: 1
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
1 Space/Unit: 1
Paved: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Other: 1
New Financing
VA: 1
Conventional: 1
FHA: 1
No Carry: 1
1031 Exchange: 1
Special
Owner/Agent: 1
Accept Backups (CLO): 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 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: 750
Avg SqFt: 800
# 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: 67TH AVE/GLENDALE
Directions: Maryland and 67th Street
Geo Lat: 33.531497
Geo Lon: -112.195658
Status Change Info
Off Market Date: 2021-07-09
Under Contract Date: 2021-06-16
Close of Escrow Date: 2021-07-09
Sold Price: $564,500
Income Expenses
Gross Annual Sch Inc: 36000
Net Operating Income: 27248
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
Listing Office:
American Realty Brokers
Last Updated: October - 25 - 2021
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