6512 N 63RD Avenue, Glendale, AZ 85301 (MLS# 6440193)

6512 N 63RD Avenue, Glendale, AZ 85301

$620,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $620,000 Last Modified: 4/14/2025

Overview

Description

Don't Miss OPPORTUNITY, OPPORTUNITY, OPPORTUNITY amazing opportunity to own A FIVE-plex property in the heart of Glendale. 4/5 units occupied with ''Month to Month'' tenants below market rates. Great investment & great value add opportunity with room to increase rents!! Lots of room for rent increases to current market values. Well maintained property. The units are 2 One Bedroom units and 3 Two Bedroom units. Minutes from downtown Glendale, Close to schools, market, parks, shops. Drive by only.

Listing Details MLS# 6440193

Location, Tax & Legal

Map Code/Grid: N32
House Number: 6512
Compass: N
Street Name: 63RD
St Suffix: Avenue
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85301
Zip4: 3779
Country: US
County Code: Maricopa
Assessor Number: 144-13-034-B
Tax Year: 2021
Assessor's Map #: 13
Assessor's Parcel #: 34
Assessor Parcel Ltr: B
Add'l Parcels: No
Tax Municipality: Glendale
Taxes: 280300
Legal: ORCHARD ADD MCR 3-30 PT LOT 8 BLK 7 DAF N 49.75F OF S 149.75F OF E 140F TH/OF
Marketing Name: Unknown

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 6965
Year Built: 1958
Uncvrd Parking Spcs: 10
Total # of Units: 5
# of Buildings: Yes
Zoning: R-3
Elementary School District: Glendale Elementary District
High School District: Glendale Union High School District

Remarks Misc

Cross Street: 63rd Ave & Maryland Ave
Directions: North on 63rd Ave

Status Change Info

Off Market Date: 2022-07-29
Under Contract Date: 2022-08-04
Close of Escrow Date: 2022-08-30

Legal Info

Township: 2N
Range: 2E
Section: 7
Block: 3001
Lot Number: 8/7/-

More Information

Income Expenses

Gross Annual Sch Inc: 31200
Net Operating Income: 7714

1 Bedroom Units

# 1 Bedroom Units: 3
Avg Rent: 550
Avg SqFt: 650
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: 2
Avg Rent: 550
Avg SqFt: 900
# Baths: Yes

Contact Info

List Agent Cell Phn2: 480-688-6952

Sold Info

Loan Type: Cash
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Project Type

5 - 12 Units: Yes

Construction

Block: Yes

Const - Finish

Painted: Yes

Roofing

Composition: Yes

Floors

Ceramic Tile: Yes

Sale Includes

Building(s) Only: Yes
Land & Building: Yes
Laundry Equipment: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 280300
Other Income: 630
Vacancy Allowance: 0
Adjusted Gross Inc: 31830

Pmt & Rate Info

Cap Rate: 1.11
Equity: 695000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Community Features

No Pool: Yes

Heating

Electric: Yes

Cooling

Individual: Yes

Exterior Amenities

Landscape Water System: Yes
Green Landscaping: Yes
Curb(s) & Gutter(s): Yes
Patio/Balcony: Yes
Separate Storage: Yes

Interior Features

Unfurnished: Yes
Fire/Smoke Alarm(s): Yes

Tenant Pays

Water: Yes
Electricity: Yes
Cable TV: Yes

Appliances Included

Dishwasher: Yes
Disposal: Yes
Refrigerator: Yes
Free-Standing Range: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Water Source

Irrigation: Yes
Individual Meter: Yes

Sewer

Sewer - Public: Yes

Parking Features

1 Space/Unit: Yes

Electric

SRP: Yes
Individual Meter: Yes

Gas

SW Gas: Yes
Master Meter: Yes

Owner Pays

Trash Collection: Yes
Landscaping: Yes

New Financing

Conventional: Yes
No Carry: Yes

Special

Accept Backups (CLO): Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Environmental

None: Yes

Efficiency Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: 5 - 12 Units Construction: Block Const - Finish: Painted Roofing: Composition Floors: Ceramic Tile Sale Includes: Building(s) Only; Land & Building; Laundry Equipment Community Features: No Pool Exterior Amenities: Landscape Water System; Green Landscaping; Curb(s) & Gutter(s); Patio/Balcony; Separate Storage Interior Features: Unfurnished; Fire/Smoke Alarm(s) Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal Cooling: Individual Water Source: Irrigation; Individual Meter Sewer: Sewer - Public Electric: SRP; Individual Meter Gas: SW Gas; Master Meter Parking Features: 1 Space/Unit Road Surface Type: Asphalt Owner Pays: Trash Collection; Landscaping Tenant Pays: Water; Electricity; Cable TV Source of Fincl Data: Owner Special: Accept Backups (CLO) New Financing: Conventional; No Carry Environmental: None

Listing Office: Top Producers Realty

Last Updated: April - 14 - 2025