6738 N 54TH Drive, Glendale, AZ 85301

$575,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $575,000 List Date: 5/17/2021 Last Modified: 3/17/2025

Overview

Description

PROPERTY UNDER PROBATE. Owner passed away, new family owner will be selling property when probate documents are recorded; hopefully by end of this month. NEW PRICE IS $599,000.. All units are long term/month to month tenants, ALL units are totally updated with SS appliances, granite counters, in unit washer/dryer outlets, newer HVACs, new cabinets W/soft closing doors, units 2 and 3 have private auto opening gate entries, and much more. REAL INCOME/EXPENSES SHOWN, HIGHEST REAL CAP RATE AVAILABLE ON THE MLS, Nothing to do but deposit your profits.

Listing Details MLS# 6233911

Location, Tax & Legal

Map Code/Grid
N32
House Number
6738
Compass
N
Street Name
54TH
St Suffix
Drive
City/Town Code
Glendale
State/Province
AZ
Zip Code
85301
Zip4
3335
Country
US
County Code
Maricopa
Subdivision
SUGAR ADD BLKS 1-6, 13, 14
Assessor Number
146-05-057
Tax Year
2020
Assessor's Map #
5
Assessor's Parcel #
57
Add'l Parcels
No
Tax Municipality
Glendale
Census Tract
92900
Taxes
1318
Legal
LOT 3 BLOCK 4 SUGAR ADD BLKS 1-6, 13, 14 MCR 000359
Marketing Name
-

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
7000
Year Built
1920
Uncvrd Parking Spcs
6
Total # of Units
3
# of Buildings
2
Zoning
Multi
Elementary School District
Glendale Elementary District
High School District
Glendale Union High School District
Elementary School
Isaac E Imes School
Jr. High School
Glendale Landmark Middle School
High School
Glendale High School

Remarks Misc

Cross Street
54th Dr @ Glendale Ave
Directions
South on 54th Drive to Property on your Right

Status Change Info

Off Market Date
2022-03-21
Under Contract Date
2022-01-21
Close of Escrow Date
2022-03-18

Legal Info

Township
2N
Range
2E
Section
8
Block
4
Lot Number
3

More Information

Income Expenses

Gross Annual Sch Inc
38880
Net Operating Income
34397

1 Bedroom Units

# 1 Bedroom Units
Yes
Avg Rent
920
Avg SqFt
850
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
Yes
Avg Rent
1020
Avg SqFt
850
# Baths
Yes

3 Bedrooms Units

# 3 Bedroom Units
Yes
Avg Rent
1300
Avg SqFt
1100
# Baths
2

Contact Info

List Agent Home Phn
(623) 764-2776

Sold Info

Loan Type
Other
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

Tri-Plex
Yes

Other Type

House + Rental Units
Yes

Construction

Block
Yes
Wood Frame
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Composition
Yes
Rolled
Yes

Floors

Vinyl
Yes
Ceramic Tile
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
1095
Annual Land Lse Exp
0
Annual Landscape Exp
0
Annual Legal & Acctg
0
Annual Maint Exp
1265
Annual Mgmt Exp
0
Annual Trash Exp
0
Annual Wtr/Swr Exp
1900
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
5578
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
38880
Total Monthly Rental Income
3240

Pmt & Rate Info

Cap Rate
5.74
Equity
599000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Showing Notification Methods

Phone Call
Yes

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Heat Pump
Yes

Cooling

Ceiling Fan(s)
Yes
Central Air
Yes
Heat Pump
Yes

Exterior Amenities

Fenced
Yes
Sidewalk(s)
Yes

Interior Features

Unfurnished
Yes
Fire/Smoke Alarm(s)
Yes
Mini Blinds
Yes

Tenant Pays

Gas
Yes
Electricity
Yes
Cable TV
Yes

Appliances Included

Dishwasher
Yes
Disposal
Yes
Microwave
Yes
Refrigerator
Yes
Free-Standing Range
Yes
W/D Hookup
Yes

Road Access Type

Alley
Yes
Dedicated Street
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes
Projected Proforma
Yes

Water Source

City Franchise
Yes
Individual Meter
Yes

Sewer

Sewer - Public
Yes
Sewer-In & Connected
Yes

Parking Features

Carport
Yes
On Street
Yes
>1 Space Per Unit
Yes
Other
Yes

Electric

APS
Yes
Individual Meter
Yes

Gas

SW Gas
Yes
Individual Meter
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

Conventional
Yes

Special

Accept Backups (CLO)
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

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

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Tri-Plex Other Type: House + Rental Units Construction: Block; Wood Frame Const - Finish: Painted; Stucco Roofing: Composition; Rolled Floors: Vinyl; Ceramic Tile Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Fenced; Sidewalk(s) Interior Features: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; W/D Hookup Heating: Heat Pump Cooling: Ceiling Fan(s); Heat Pump; Central Air Water Source: City Franchise; Individual Meter Sewer: Sewer - Public; Sewer-In & Connected Electric: APS; Individual Meter Gas: SW Gas; Individual Meter Parking Features: Carport; On Street; >1 Space Per Unit; Other Road Access Type: Alley; Dedicated Street Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Gas; Cable TV Source of Fincl Data: Owner; Projected Proforma Special: Accept Backups (CLO) Showing Notification Methods: Phone Call Lockbox Type: None Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Conventional Environmental: None
IDX
Listing Office: Tru Realty
Last Updated: March - 17 - 2025
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