6621 W PASADENA Avenue, Glendale, AZ 85301

$640,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $640,000 Last Modified: 12/04/2024

Overview

Description

Great Investment Opportunity - Fully Occupied, Well-Maintained 4-Plex! This is your chance to own a cash-flowing 4-plex that's been meticulously cared for with low tenant turnover and consistent rent payments. This high-performing property is a rare find! Each of the four 2-bedroom, 1-bath units includes washer/dryer hookups, with Unit 3 offering a washer and dryer that will convey with the sale. Residents enjoy the convenience of secure, dedicated storage spaces and covered parking with ample lighting. Recent updates include: New roof installed in 2020, 4 new Trane AC units (2021), new-er hot water heaters in Units 2 & 3. Located near the vibrant Cardinal Stadium, shopping centers, local eateries, and community events, this 4-plex is perfectly positioned to capitalize on Arizona's (MORE)

Supplements: Arizona's rapid growth. Everything has been done to reduce maintenance costs, ensuring a strong return on investment (ROI). Whether you're a seasoned investor or just starting out, this fully rented property is a turnkey opportunity that's ready for YOU! Don't miss out!

Listing Details MLS# 6772295

Location, Tax & Legal

House Number
6621
Compass
W
Street Name
PASADENA
St Suffix
Avenue
City/Town Code
Glendale
State/Province
AZ
Zip Code
85301
Zip4
7238
Country
US
County Code
Maricopa
Subdivision
GLENWOOD PLAZA AMD
Assessor Number
144-65-093-G
Tax Year
2024
Assessor's Map #
65
Legal Description (Abbrev)
GLENWOOD PLAZA AMENDED LOT 8 E 97.5F OF THE W 345 F
Assessor's Parcel #
93
Assessor Parcel Ltr
G
Add'l Parcels
No
Tax Municipality
Glendale
Census Tract
93106
Taxes
1865
Legal
GLENWOOD PLAZA AMENDED LOT 8 E 97.5F OF THE W 345 F
Marketing Name
Glenwood Plaza

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
10,725 sf
Year Built
1972
Uncvrd Parking Spcs
4
Total # of Units
4
# of Buildings
Yes
Zoning
C-2
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

Remarks Misc

Cross Street
67th Ave/Camelback
Directions
67th Ave North one block to Pasadena. East to property

Status Change Info

Off Market Date
2024-11-27
Under Contract Date
2024-11-20
Close of Escrow Date
2024-12-03

Legal Info

Township
2N
Range
2E
Section
18
Lot Number
8

More Information

Showing Notification Methods

Showing Service
No Showing Service Used
Text
Yes
Phone Call
Yes

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
815.5
Avg SqFt
728
# Baths
Yes

Sold Info

Loan Type
Cash
Loan Years
30
Payment Type
Other
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

Block
Yes

Const - Finish

Stucco
Yes

Roofing

Foam
Yes

Floors

Ceramic Tile
Yes

Sale Includes

Land & Building
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
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0

Pmt & Rate Info

Down Payment
0
Equity
699000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Lockbox Type

None
Yes

Community Features

Other
Yes
See Remarks
Yes

Heating

Heat Pump
Yes
Electric
Yes
Individual
Yes

Cooling

Electric
Yes
Heat Pump
Yes
Individual
Yes

Exterior Amenities

Partially Fenced
Yes
Curb(s) & Gutter(s)
Yes
Separate Storage
Yes

Interior Features

Fire/Smoke Alarm(s)
Yes
Mini Blinds
Yes

Tenant Pays

Electricity
Yes

Appliances Included

Refrigerator
Yes
Built-In Range
Yes
Washer/Dryer
Yes
W/D Hookup
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

Master Meter
Yes

Sewer

Sewer - Public
Yes

Parking Features

Carport
Yes
>1 Space Per Unit
Yes
Paved
Yes
Assigned
Yes

Electric

SRP
Yes
Individual Meter
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

Conventional
Yes

Existing 1st Loan

Conventional
Yes

Existing 1st Loan Type

Fixed
Yes

Existing 1st Loan Terms

Non Assumable
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: 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; Phone Call 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
IDX
Listing Office: Real Broker
Last Updated: December - 04 - 2024
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