6725 W MYRTLE Avenue, Glendale, AZ 85303
$625,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$625,000
Last Modified:
5/01/2025
Description
Check out this amazing fourplex located in Glendale! With 3 of the 4 units recently renovated and with many updates, this property is in a prime location and all units are currently rented. Don't miss out on this fantastic investment opportunity!
More Information MLS# 6536299
Contract Info
Ownership: Fee Simple
Current Price: $625,000
Sold Price: $625,000
Status: Closed
List Date: 2023-03-26
Location, Tax & Legal
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
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
County Code: Maricopa
Subdivision: TANG GARDENS
Assessor Number: 143-28-081
Tax Year: 2022
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 1
Lot Size Dimensions: 7423
Total # of Units: 4
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
Year Built: 1980
Zoning: Multi
Legal Info
Range: 1E
Section: 1
Township: 2N
Lot Number: 5
Project Type
Four Plex: 1
Construction
Slump Block: 1
Const - Finish
Painted: 1
Roofing
Rolled: 1
Floors
Ceramic Tile: 1
Sale Includes
Building(s) Only: 1
Income & Expenses
Annual Ins Exp: 2500
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 3871
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 66600
Pmt & Rate Info
Cap Rate: 10.26
Equity: 649000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Individual: 1
Central: 1
Other: 1
Cooling
Electric: 1
Individual: 1
Tenant Pays
Water: 1
Sewer: 1
Electricity: 1
Cable TV: 1
Appliances Included
Free-Standing Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1
>1 Space Per Unit: 1
Paved: 1
Assigned: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Electric: 1
Trash Collection: 1
Landscaping: 1
New Financing
VA: 1
Conventional: 1
FHA: 1
No Carry: 1
Special
Accept Backups (CLO): 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
# Efficiency Units: 4
Avg Rent: 1600
Avg SqFt: 690
# Baths: 4
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 1600
Avg SqFt: 690
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1600
Avg SqFt: 690
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 2
Avg Rent: 1600
Avg SqFt: 690
# Baths: 1
4 Bedrooms Units
# 4 Bedroom Units: 2
Avg Rent: 750
Avg SqFt: 690
# Baths: 1
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: Glendale & 67th Ave
Geo Lat: 33.541656
Geo Lon: -112.204276
Status Change Info
Off Market Date: 2023-03-29
Under Contract Date: 2023-03-28
Close of Escrow Date: 2023-04-06
Sold Price: $625,000
Income Expenses
Gross Annual Sch Inc: 66600
Net Operating Income: 66600
Property Features
Project Type: Four Plex
Construction: Slump Block
Const - Finish: Painted
Roofing: Rolled
Floors: Ceramic Tile
Sale Includes: Building(s) Only
Community Features: No Pool
Appliances Included: Free-Standing Range
Heating: Individual; Central; Other
Cooling: Electric; Individual
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: >1 Space Per Unit; Assigned; Free; Paved
Road Surface Type: Asphalt
Owner Pays: Water; Electric; 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; FHA; Conventional; No Carry
Environmental: None
Listing Office:
Keller Williams Realty Elite
Last Updated: May - 01 - 2025
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