6544 N 59TH Drive, Glendale, AZ 85301
$800,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$800,000
Last Modified:
4/26/2025
Description
SELLER MAY CARRY! An outstanding 4-PLEX in a fantastic location. All units are remodeled with high-end finishes, all new stainless steel appliances, new kitchens with granite counter tops, new bath with granite counter, new flooring, new roofs and new exterior paint. New parking slab with 4 tenant spots installed with concrete bumpers. Scottsdale finishes in downtown Glendale. Excellent cash-flow and 6.45% CAP rate. All units are 2 bedroom, 1 bath. This is a great location close to Historic Downtown Glendale with restaurants, shopping and community events. Near Grand Avenue with easy access to all parts of the valley. These have long term tenants and the rents can be raised. Perfect property to collect checks with no hassles. Seller is a licensed real estate broker in the state of Arizon
More Information MLS# 6492243
Contract Info
Ownership: Fee Simple
Current Price: $800,000
Sold Price: $800,000
Status: Closed
List Date: 2022-11-22
Location, Tax & Legal
Assessor's Map #: 11
Legal Description (Abbrev): LOT 21 NEIGHBORS ADD MCR 004417
Assessor's Parcel #: 62
Add'l Parcels: No
Tax Municipality: Glendale
Census Tract: 92801
Taxes: 1088
Legal: LOT 21 NEIGHBORS ADD MCR 004417
Marketing Name: REMODELED!
Map Code/Grid: N32
House Number: 6544
Compass: N
Street Name: 59TH
St Suffix: Drive
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85301
Zip4: 2863
County Code: Maricopa
Subdivision: NEIGHBORS ADD
Assessor Number: 144-11-062
Tax Year: 2021
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 0
Lot Size Dimensions: 11279
Flood Zone: TBD
Total # of Units: 4
Elementary School District: Glendale Elementary District
High School District: Glendale Union High School District
Year Built: 1949
Zoning: Residential
Legal Info
Range: 2E
Section: 7
Township: 2N
Lot Number: 21
Project Type
Four Plex: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Floors
Concrete: 1
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Trash Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 1088
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 57600
Pmt & Rate Info
Cap Rate: 6.45
Equity: 850000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Heat Pump: 1
Cooling
Heat Pump: 1
Window/Wall Unit: 1
Individual: 1
Exterior Amenities
Sidewalk(s): 1
Interior Features
Unfurnished: 1
Tenant Pays
Gas: 1
Electricity: 1
Cable TV: 1
Appliances Included
W/D Hookup: 1
Road Access Type
Dedicated Street: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
On Street: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Conventional: 1
Owner May Carry: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Fixed: 1
Existing 1st Loan Terms
Not Applicable: 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
Contact Info
List Agent Home Phn: 602-348-6420
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1200
Avg SqFt: 688
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Carryback
Loan Years: 2
Closing Cost Split: Normal - N
Payment Type: Interest Only
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: 59th Ave & Bethany Home
Directions: 59th AVE NORTH TO MARYLAND, WEST TO 59Tth DRIVE, NORTH TO SUBJECT ON LEST SIDE OF STREET.
Geo Lat: 33.533036
Geo Lon: -112.188121
Status Change Info
Off Market Date: 2023-05-01
Under Contract Date: 2023-04-07
Close of Escrow Date: 2023-04-28
Sold Price: $800,000
Income Expenses
Gross Annual Sch Inc: 57600
Net Operating Income: 54792
Property Features
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Concrete; Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Sidewalk(s)
Interior Features: Unfurnished
Appliances Included: W/D Hookup
Heating: Heat Pump
Cooling: Heat Pump; Window/Wall Unit; Individual
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: On Street
Road Access Type: Dedicated Street
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Gas; Cable TV
Source of Fincl Data: Owner
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Fixed
Existing 1st Loan Terms: Not Applicable
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: Conventional; Owner May Carry
Environmental: None
Listing Office:
Trade Realty LLC
Last Updated: April - 26 - 2025
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