6725 W MYRTLE Avenue, Glendale, AZ 85303

$470,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $470,000 Last Modified: 2/16/2023

Overview

Description

Perfect income producing property! 4 Units total- 3 rented, 1 vacant- Call list agent for details.

Listing Details MLS# 6494797

Location, Tax & Legal

Map Code/Grid
N31
House Number
6725
Compass
W
Street Name
MYRTLE
St Suffix
Avenue
City/Town Code
Glendale
State/Province
AZ
Zip Code
85303
Zip4
2132
Country
US
County Code
Maricopa
Subdivision
TANG GARDENS
Assessor Number
143-28-081
Tax Year
2022
Assessor's Map #
28
Legal Description (Abbrev)
LOT 5 TANG GARDENS MCR 010205
Assessor's Parcel #
81
Add'l Parcels
No
Tax Municipality
Glendale
Census Tract
92705
Taxes
1371
Legal
LOT 5 TANG GARDENS MCR 010205
Marketing Name
Tang Gardens

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
7423
Year Built
1980
Uncvrd Parking Spcs
Yes
Total # of Units
4
# of Buildings
Yes
Zoning
Multi
Elementary School District
Glendale Elementary District
High School District
Glendale Union High School District
Elementary School
Foothills Elementary School - Glendale
Jr. High School
Glendale High School
High School
Glendale High School

Remarks Misc

Cross Street
Glendale & 67th Ave
Directions
North to Myrtle to property

Status Change Info

Off Market Date
2022-12-02
Under Contract Date
2022-12-02
Close of Escrow Date
2022-12-16

Legal Info

Township
2N
Range
1E
Section
Yes
Lot Number
5

More Information

Income Expenses

Gross Annual Sch Inc
20760
Net Operating Income
20760

Efficiency Units

# Efficiency Units
4
Avg Rent
700
Avg SqFt
690
# Baths
4

1 Bedroom Units

# 1 Bedroom Units
2
Avg Rent
750
Avg SqFt
690
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
2
Avg Rent
580
Avg SqFt
690
# Baths
Yes

3 Bedrooms Units

# 3 Bedroom Units
2
Avg Rent
400
Avg SqFt
690
# Baths
Yes

4 Bedrooms Units

# 4 Bedroom Units
2
Avg Rent
750
Avg SqFt
690
# Baths
Yes

Sold Info

Loan Type
Other
Payment Type
Other
Closing Cost Split
Buyer - B
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Project Type

Four Plex
Yes

Construction

Slump Block
Yes

Const - Finish

Painted
Yes

Roofing

Composition
Yes

Floors

Other
Yes

Sale Includes

Building(s) Only
Yes

Income & Expenses

Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
1371
Other Income
0
Vacancy Allowance
0.1
Adjusted Gross Inc
18684

Pmt & Rate Info

Cap Rate
3.58
Equity
580000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Showing Notification Methods

Phone Call
Yes

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Central
Yes
Other
Yes

Cooling

Electric
Yes

Tenant Pays

Water
Yes
Sewer
Yes
Electricity
Yes
Cable TV
Yes

Appliances Included

Refrigerator
Yes
Free-Standing Range
Yes
Washer/Dryer
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Free
Yes
>1 Space Per Unit
Yes
Paved
Yes

Electric

SRP
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

VA
Yes
Other (See Remarks)
Yes

Special

Accept Backups (CLO)
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Existing 2nd Loan

Treat as Free&Clear
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Environmental

None
Yes

Property Features

Project Type: Four Plex Construction: Slump Block Const - Finish: Painted Roofing: Composition Floors: Other Sale Includes: Building(s) Only Community Features: No Pool Appliances Included: Free-Standing Range; Refrigerator; Washer/Dryer Heating: Central; Other Cooling: Electric Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: >1 Space Per Unit; Free; Paved Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Water; Sewer; Electricity; Cable TV Source of Fincl Data: Owner Special: Accept Backups (CLO) Showing Notification Methods: Phone Call Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 2nd Loan: Treat as Free&Clear New Financing: VA; Other (See Remarks) Environmental: None
IDX
Listing Office: Century 21 Arizona Foothills
Last Updated: February - 16 - 2023
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