6544 N 59TH Drive, Glendale, AZ 85301 (MLS# 6492243)

6544 N 59TH Drive, Glendale, AZ 85301

$800,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $800,000 Last Modified: 4/26/2025

Overview

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

Listing Details MLS# 6492243

Location, Tax & Legal

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
Country: US
County Code: Maricopa
Subdivision: NEIGHBORS ADD
Assessor Number: 144-11-062
Tax Year: 2021
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!

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 11279
Year Built: 1949
Total # of Units: 4
# of Buildings: 2
Zoning: Residential
Flood Zone: TBD
Elementary School District: Glendale Elementary District
High School District: Glendale Union High School District
Uncvrd Parking Spcs: 0

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.

Status Change Info

Off Market Date: 2023-05-01
Under Contract Date: 2023-04-07
Close of Escrow Date: 2023-04-28

Legal Info

Township: 2N
Range: 2E
Section: 7
Lot Number: 21

More Information

Income Expenses

Gross Annual Sch Inc: 57600
Net Operating Income: 54792

2 Bedroom Units

# 2 Bedroom Units: 4
Avg Rent: 1200
Avg SqFt: 688
# Baths: Yes

Contact Info

List Agent Home Phn: 602-348-6420

Sold Info

Loan Type: Carryback
Loan Years: 2
Payment Type: Interest Only
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Project Type

Four Plex: Yes

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Composition: Yes

Floors

Concrete: Yes
Ceramic Tile: Yes

Sale Includes

Land & Building: Yes

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: Yes

Community Features

No Pool: Yes

Heating

Heat Pump: Yes

Cooling

Heat Pump: Yes
Window/Wall Unit: Yes
Individual: Yes

Exterior Amenities

Sidewalk(s): Yes

Interior Features

Unfurnished: Yes

Tenant Pays

Gas: Yes
Electricity: Yes
Cable TV: Yes

Appliances Included

W/D Hookup: Yes

Road Access Type

Dedicated Street: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

On Street: Yes

Electric

APS: Yes

Gas

SW Gas: Yes

Owner Pays

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

New Financing

Conventional: Yes
Owner May Carry: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Existing 1st Loan Type

Fixed: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Existing 2nd Loan

Treat as Free&Clear: Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Treat as Free&Clear: Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

None: Yes

Existing Othr Ln Trm

Not Applicable: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

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