6320 N 63RD Avenue, Glendale, AZ 85301
$3,000,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$3,000,000
Last Modified:
12/22/2024
Description
VALUE ADD, UNDER MARKET RENTS Financing Available with as little as 20% Down. Recently remodeled 35 out of 56 units with fully renovated kitchens, granite counters, new cabinets, water heaters, all black appliances, two tone paint, resurfaced parking lot, gated access for both parking and walking, stabilized occupancy but room to grow rents. Nice neighborhood location with high street visibility.
More Information MLS# 5564732
Contract Info
Ownership: Fee Simple
Current Price: $3,000,000
Sold Price: $3,000,000
Status: Closed
List Date: 2017-02-22
Location, Tax & Legal
Building Number: 6320
Assessor's Map #: 16
Legal Description (Abbrev): PT E2 NE4 SW4 DAF BEG AT PT 248.55F S OF CENTER SEC TH S 420F TH W 190F N 420F E 190F TPOB EX E 40F
Assessor's Parcel #: 971
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Census Tract: 92802
Taxes: 18639
Legal: PT E2 NE4 SW4 DAF BEG AT PT 248.55F S OF CENTER SEC TH S 420F TH W 190F N 420F E 190F TPOB EX E 40F
Marketing Name: Shadow Palms
Map Code/Grid: N31
House Number: 6320
Compass: N
Street Name: 63RD
St Suffix: Avenue
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85301
Zip4: 4327
County Code: Maricopa
Assessor Number: 144-16-971
Tax Year: 2016
General Property Description
# of Buildings: 6
Uncvrd Parking Spcs: 56
Lot Size Dimensions: 1.33 acres
Total # of Units: 56
Elementary School District: Avondale Elementary District
High School District: Glendale Union High School District
Elementary School: Harold W Smith School
Jr. High School: Challenger Middle School
Year Built: 1963
Zoning: R3
Legal Info
Range: 2E
Section: 7
Township: 2N
Lot Number: C
Project Type
51 - 99 Units: 1
Construction
Block: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Foam: 1
Rolled: 1
Floors
Concrete: 1
Vinyl: 1
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Personal Property: 1
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: 18639
Other Income: 8064
Vacancy Allowance: 0.1
Adjusted Gross Inc: 385257.6
Total Monthly Rental Income: 35672
Pmt & Rate Info
Cap Rate: 6.37
Down Payment: 800000
Equity: 3200000
Down Payment %: 0.25
Monthly Payments: 12303
Total Owed: 0
Assessment Balance: 0
Community Features
No Pool: 1
Manager Res/Office: 1
Play Area: 1
Barbecue: 1
Heating
Heat Pump: 1
Electric: 1
Individual: 1
Cooling
Ceiling Fan(s): 1
Electric: 1
Heat Pump: 1
Individual: 1
Exterior Amenities
Landscape Water System: 1
Green Landscaping: 1
Fenced: 1
Cable TV Available: 1
Pet Restrictions: 1
Separate Storage: 1
Security Light(s): 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Vertical Blinds: 1
Mini Blinds: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Disposal: 1
Refrigerator: 1
Built-In Range: 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
On Street: 1
1 Space/Unit: 1
Paved: 1
Electric
APS: 1
Individual Meter: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Gas: 1
Trash Collection: 1
Landscaping: 1
New Financing
Conventional: 1
Special
Owner/Agent: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
No Prepay Penalty: 1
Not Applicable: 1
Existing 2nd Loan
Other (See Remarks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Other (See Remarks): 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Home Phn: 602-524-0418
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 28
Avg Rent: 550
Avg SqFt: 650
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 28
Avg Rent: 700
Avg SqFt: 850
# 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: North 63rd Ave and West Glendale Ave
Directions: Due south of Glendale Avenue on North 63rd Avenue.
Geo Lat: 33.529957
Geo Lon: -112.195401
Status Change Info
Off Market Date: 2017-06-04
Under Contract Date: 2017-04-06
Close of Escrow Date: 2017-06-22
Sold Price: $3,000,000
Income Expenses
Gross Annual Sch Inc: 420000
Net Operating Income: 203918
Property Features
Project Type: 51 - 99 Units
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Foam; Rolled
Floors: Concrete; Vinyl; Ceramic Tile
Sale Includes: Land & Building; Personal Property
Community Features: No Pool; Manager Res/Office; Play Area; Barbecue
Exterior Amenities: Landscape Water System; Green Landscaping; Fenced; Cable TV Available; Pet Restrictions; Separate Storage; Security Light(s)
Interior Features: Unfurnished; Fire/Smoke Alarm(s); Vertical Blinds; Mini Blinds
Appliances Included: Built-In Range; Refrigerator; Disposal
Heating: Individual; Heat Pump
Cooling: Ceiling Fan(s); Electric; Heat Pump; Individual
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: SW Gas
Parking Features: Carport; On Street; 1 Space/Unit; Paved
Road Surface Type: Asphalt
Owner Pays: Water; Gas; Trash Collection; Landscaping
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Special: Owner/Agent
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: No Prepay Penalty; Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional
Environmental: None
Marketing Brochure ›
Listing Office:
Orion Investment Real Estate
Last Updated: December - 22 - 2024
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