6621 W PASADENA Avenue, Glendale, AZ 85301
$600,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$600,000
Last Modified:
7/31/2024
Description
Great Investment Opportunity to own a Fully Occupied and well cared for 4-plex. Well maintained with low turnover. Cash Cow! Stayed fully occupied through
Covid with Rents paid on time. All 2 bedroom/1 bath Units each have a washer/dryer hookups with Unit 3 having a washer/dryer that will convey with the sale. There is a separate and secure storage for each Unit and covered parking with lighting. New Roof was installed in 2020 and 4 new Trane AC roof units were installed in 2021. New HWH Unit 2 & 3. This 4-plex is fully rented and waiting for YOU! With Arizona's growth this 4-Plex is close to the Cardinal Stadium, Shopping, community events and eateries. Everything has been done to minimize maintenance costs to keep your ROI higher. Opportunity is knocking, Don't Miss it.
More Information MLS# 6466251
Contract Info
Ownership: Fee Simple
Current Price: $600,000
Sold Price: $600,000
Status: Closed
List Date: 2022-09-20
Location, Tax & Legal
Assessor's Map #: 65
Assessor's Parcel #: 93
Assessor Parcel Ltr: G
Add'l Parcels: No
Tax Municipality: Glendale
Census Tract: 93106
Taxes: 1676
Legal: GLENWOOD PLAZA AMENDED LOT 8 E 97.5F OF THE W 345 F
Marketing Name: Glen wood Plaza
Map Code/Grid: N32
House Number: 6621
Compass: W
Street Name: PASADENA
St Suffix: Avenue
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85301
Zip4: 7238
County Code: Maricopa
Subdivision: GLENWOOD PLAZA AMD
Assessor Number: 144-65-093-G
Tax Year: 2021
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 4
Lot Size Dimensions: 10,725 sf
Total # of Units: 4
Elementary School District: Glendale Elementary District
High School District: Glendale Union High School District
Elementary School: Glendale Landmark Middle School
Jr. High School: Glendale Landmark Middle School
Year Built: 1972
Zoning: C-2
Legal Info
Range: 2E
Section: 18
Township: 2N
Lot Number: 8
Project Type
Four Plex: 1
Construction
Block: 1
Const - Finish
Stucco: 1
Roofing
Foam: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 1373
Annual Land Lse Exp: 0
Annual Landscape Exp: 617
Annual Legal & Acctg: 0
Annual Maint Exp: 613
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 4552
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Operating Exp: 8831
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 28800
Pmt & Rate Info
Cap Rate: 3.93
Down Payment: 0
Equity: 0
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Text: 1
Lockbox Type
None: 1
Community Features
Other: 1
See Remarks: 1
Heating
Heat Pump: 1
Electric: 1
Individual: 1
Cooling
Electric: 1
Heat Pump: 1
Individual: 1
Exterior Amenities
Partially Fenced: 1
Curb(s) & Gutter(s): 1
Separate Storage: 1
Interior Features
Fire/Smoke Alarm(s): 1
Mini Blinds: 1
Tenant Pays
Electricity: 1
Appliances Included
Refrigerator: 1
Built-In Range: 1
Washer/Dryer: 1
W/D Hookup: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
>1 Space Per Unit: 1
Paved: 1
Assigned: 1
Electric
SRP: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Conventional: 1
Existing 1st Loan
Conventional: 1
Existing 1st Loan Type
Fixed: 1
Existing 1st Loan Terms
Non Assumable: 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
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 635
Avg SqFt: 728
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: 67th Ave/Camelback
Directions: 67th Ave North one block to Pasadena. East to property.
Geo Lat: 33.510845
Geo Lon: -112.201956
Status Change Info
Off Market Date: 2023-03-29
Under Contract Date: 2023-03-06
Close of Escrow Date: 2023-03-28
Sold Price: $600,000
Income Expenses
Gross Annual Sch Inc: 28800
Net Operating Income: 24574
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Stucco
Roofing: Foam
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: Other; See Remarks
Exterior Amenities: Partially Fenced; Curb(s) & Gutter(s); Separate Storage
Interior Features: Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: Built-In Range; Refrigerator; Washer/Dryer; W/D Hookup
Heating: Individual; Heat Pump
Cooling: Electric; Heat Pump; Individual
Water Source: Master Meter
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: None
Parking Features: Carport; >1 Space Per Unit; Assigned; Paved
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity
Source of Fincl Data: Owner
Showing Notification Methods: Text
Lockbox Type: None
Existing 1st Loan: Conventional
Existing 1st Loan Type: Fixed
Existing 1st Loan Terms: Non Assumable
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
Environmental: None
Listing Office:
Ascend Realty
Last Updated: July - 31 - 2024
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