6727 N 61ST Avenue, Glendale, AZ 85301
$1,220,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$1,220,000
Last Modified:
3/03/2025
Description
Glenwest Apartments offers a classic garden-style 10-unit
apartment home community that was updated in 2020 to
attract the young professional. Glenwest is located along
Grand and 61st Avenue and is just minutes from community
hubs, such as, State Farm Stadium, Grand Canyon University,
Westgate Entertainment District and Abrazo Central Campus
as well as walking distance to Lawrence Park and Downtown
Glendale. Glenwest Apartment Homes provides an investor a
remarkable opportunity for immediate value along with considerable
upside potential.
More Information MLS# 6149239
Contract Info
Ownership: Fee Simple
Current Price: $1,220,000
Sold Price: $1,220,000
Status: Closed
List Date: 2020-10-20
Location, Tax & Legal
Assessor's Map #: 10
Legal Description (Abbrev): LOT 19 BLOCK 40 ORCHARD ADD BLK 20-21-22, & 38-39-40 AMD MCR 000336
Assessor's Parcel #: 156
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Glendale
Census Tract: 92801
Taxes: 3230
Legal: LOT 19 BLOCK 40 ORCHARD ADD BLK 20-21-22, & 38-39-40 AMD MCR 000336
Marketing Name: Glenwest Palms Apartments
Map Code/Grid: N32
House Number: 6727
Compass: N
Street Name: 61ST
St Suffix: Avenue
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85301
Zip4: 3100
County Code: Maricopa
Subdivision: ORCHARD ADD BLK 20-21-22, & 38-39-40 AMD
Assessor Number: 144-10-156-A
Tax Year: 2020
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 10
Lot Size Dimensions: 17,955
Total # of Units: 10
Elementary School District: Glendale Elementary District
High School District: Glendale Union High School District
Year Built: 1966
Zoning: M-M
Legal Info
Range: 2E
Section: 7
Township: 2N
Block: 40
Lot Number: 19
Project Type
5 - 12 Units: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Other: 1
Floors
Vinyl: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 3230
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 109725
Pmt & Rate Info
Cap Rate: 6.12
Equity: 1290000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Phone Call: 1
Community Features
Play Area: 1
Barbecue: 1
Heating
Heat Pump: 1
Individual: 1
Central: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Heat Pump: 1
Individual: 1
Tenant Pays
Water: 1
Sewer: 1
Trash Collection: 1
Appliances Included
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
Individual Meter: 1
Sewer
Sewer - Public: 1
Parking Features
1 Space/Unit: 1
Paved: 1
Add'l Parking Avail: 1
Electric
SRP: 1
Individual Meter: 1
Gas
SW Gas: 1
Individual Meter: 1
Owner Pays
Water: 1
Sewer: 1
Gas: 1
New Financing
Conventional: 1
1031 Exchange: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 850
Avg SqFt: 620
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 9
Avg Rent: 975
Avg SqFt: 800
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Loan Years: 30
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: 61st ave & Glendale Ave
Geo Lat: 33.536037
Geo Lon: -112.190213
Status Change Info
Off Market Date: 2020-11-06
Under Contract Date: 2020-11-06
Close of Escrow Date: 2020-12-21
Sold Price: $1,220,000
Income Expenses
Gross Annual Sch Inc: 115500
Net Operating Income: 78911
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Painted
Roofing: Other
Floors: Vinyl
Sale Includes: Land & Building
Community Features: Play Area; Barbecue
Appliances Included: Free-Standing Range; Refrigerator; Washer/Dryer
Heating: Individual; Central; Heat Pump
Cooling: Ceiling Fan(s); Heat Pump; Individual; Central Air
Water Source: Individual Meter
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: SW Gas; Individual Meter
Parking Features: 1 Space/Unit; Add'l Parking Avail; Paved
Road Surface Type: Asphalt
Owner Pays: Water; Gas
Tenant Pays: Water; Sewer; Trash Collection
Source of Fincl Data: Owner
Showing Notification Methods: Phone Call
New Financing: Conventional; 1031 Exchange
Environmental: None
Listing Office:
Taylor Street Realty Services
Last Updated: March - 03 - 2025
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