6725 W MYRTLE Avenue, Glendale, AZ 85303

$625,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $625,000 Last Modified: 5/01/2025

Overview

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!

Listing Details MLS# 6536299

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

Status Change Info

Off Market Date
2023-03-29
Under Contract Date
2023-03-28
Close of Escrow Date
2023-04-06

Legal Info

Township
2N
Range
1E
Section
Yes
Lot Number
5

More Information

Income Expenses

Gross Annual Sch Inc
66600
Net Operating Income
66600

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
Yes

2 Bedroom Units

# 2 Bedroom Units
2
Avg Rent
1600
Avg SqFt
690
# Baths
Yes

3 Bedrooms Units

# 3 Bedroom Units
2
Avg Rent
1600
Avg SqFt
690
# Baths
Yes

4 Bedrooms Units

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

Sold Info

Loan Type
Cash
Payment Type
Fixed
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

Slump Block
Yes

Const - Finish

Painted
Yes

Roofing

Rolled
Yes

Floors

Ceramic Tile
Yes

Sale Includes

Building(s) Only
Yes

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
Yes

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Individual
Yes
Central
Yes
Other
Yes

Cooling

Electric
Yes
Individual
Yes

Tenant Pays

Water
Yes
Sewer
Yes
Electricity
Yes
Cable TV
Yes

Appliances Included

Free-Standing Range
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
Assigned
Yes

Electric

SRP
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Electric
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

VA
Yes
Conventional
Yes
FHA
Yes
No Carry
Yes

Special

Accept Backups (CLO)
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Existing 2nd Loan

Treat as Free&Clear
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

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
IDX
Listing Office: Keller Williams Realty Elite
Last Updated: May - 01 - 2025
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