6320 N 63RD Avenue, Glendale, AZ 85301 (MLS# 5564732)

6320 N 63RD Avenue, Glendale, AZ 85301

$3,000,000

WP_20161215_16_28_32_Rich_LI (Joseph Die

WP_20161215_16_23_03_Rich_LI (Joseph Die

WP_20161215_16_23_44_Rich_LI (Joseph Die

WP_20161215_16_25_19_Rich_LI (Joseph Die

Property Type: Multiple Dwellings Status: Closed

Current Price: $3,000,000 Last Modified: 12/22/2024

Overview

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.

Listing Details MLS# 5564732

Location, Tax & Legal

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
Country: US
County Code: Maricopa
Assessor Number: 144-16-971
Tax Year: 2016
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

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 1.33 acres
Year Built: 1963
Uncvrd Parking Spcs: 56
Total # of Units: 56
# of Buildings: 6
Zoning: R3
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

Remarks Misc

Cross Street: North 63rd Ave and West Glendale Ave
Directions: Due south of Glendale Avenue on North 63rd Avenue.

Status Change Info

Off Market Date: 2017-06-04
Under Contract Date: 2017-04-06
Close of Escrow Date: 2017-06-22

Legal Info

Township: 2N
Range: 2E
Section: 7
Lot Number: C

More Information

Income Expenses

Gross Annual Sch Inc: 420000
Net Operating Income: 203918

1 Bedroom Units

# 1 Bedroom Units: 28
Avg Rent: 550
Avg SqFt: 650
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: 28
Avg Rent: 700
Avg SqFt: 850
# Baths: Yes

Contact Info

List Agent Home Phn: 602-524-0418

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

51 - 99 Units: Yes

Construction

Block: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Foam: Yes
Rolled: Yes

Floors

Concrete: Yes
Vinyl: Yes
Ceramic Tile: Yes

Sale Includes

Land & Building: Yes
Personal Property: 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: 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: Yes
Manager Res/Office: Yes
Play Area: Yes
Barbecue: Yes

Heating

Heat Pump: Yes
Electric: Yes
Individual: Yes

Cooling

Ceiling Fan(s): Yes
Electric: Yes
Heat Pump: Yes
Individual: Yes

Exterior Amenities

Landscape Water System: Yes
Green Landscaping: Yes
Fenced: Yes
Cable TV Available: Yes
Pet Restrictions: Yes
Separate Storage: Yes
Security Light(s): Yes

Interior Features

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

Tenant Pays

Electricity: Yes
Cable TV: Yes

Appliances Included

Disposal: Yes
Refrigerator: Yes
Built-In 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/Unit: Yes
Paved: Yes

Electric

APS: Yes
Individual Meter: Yes

Gas

SW Gas: Yes

Owner Pays

Water: Yes
Sewer: Yes
Gas: Yes
Trash Collection: Yes
Landscaping: Yes

New Financing

Conventional: Yes

Special

Owner/Agent: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Existing 1st Loan Type

Not Applicable: Yes

Existing 1st Loan Terms

No Prepay Penalty: Yes
Not Applicable: Yes

Existing 2nd Loan

Other (See Remarks): Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Other (See Remarks): 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

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

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

Documents

Marketing Brochure ›

Confidentiality Agreement ›

Listing Office: Orion Investment Real Estate

Last Updated: December - 22 - 2024