6802 W Glendale Avenue, Glendale, AZ 85303 (MLS# 5894901)

6802 W Glendale Avenue, Glendale, AZ 85303

$1,600,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $1,600,000 Last Modified: 1/26/2025

Overview

Description

Glenn Isle is a twenty-two unit apartment community located in the heart of the west Valley, just west of US 60. The property is comprised of single-level block construction consisting of fourteen one-bedroom and eight two-bedroom residences each with an individually assigned parking spot. Apartment interiors showcase fully-renovated interiors with modern plank flooring. Apartment homes also feature repaired roofs and updated plumbing systems. Residents also enjoy access to common area amenities including park benches and grills, storage units, and on-site laundry facility. Furthermore, residents are granted convenient access to the Interstate-17 and Deer Valley employment corridors as well as the Westgate and P83 Entertainment District

Listing Details MLS# 5894901

Location, Tax & Legal

Map Code/Grid: N31
House Number: 6802
Compass: W
Street Name: Glendale
St Suffix: Avenue
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85303
Zip4: 2727
Country: US
County Code: Maricopa
Subdivision: GLEN WEST ESTATES
Assessor Number: 143-28-009-A
Tax Year: 2018
Assessor's Map #: 28
Legal Description (Abbrev): LOT 1 GLEN WEST ESTATES MCR 010334
Assessor's Parcel #: 9
Assessor Parcel Ltr: A
Add'l Parcels: Yes
Tax Municipality: Glendale
Census Tract: 92705
Taxes: 6404
Legal: LOT 1 GLEN WEST ESTATES MCR 010334
Marketing Name: Glenn Isle

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 24,001 - 35,000
Year Built: 1970
Uncvrd Parking Spcs: 22
Total # of Units: 22
# of Buildings: 5
Zoning: R-4
Elementary School District: Glendale Elementary District
High School District: Glendale Union High School District

Remarks Misc

Cross Street: 67th Avenue and Glendale

Status Change Info

Off Market Date: 2019-04-17
Under Contract Date: 2019-04-05
Close of Escrow Date: 2019-10-31

Legal Info

Lot Number: 3

More Information

Income Expenses

Gross Annual Sch Inc: 179838
Net Operating Income: 107341

1 Bedroom Units

# 1 Bedroom Units: 14
Avg Rent: 625
Avg SqFt: 550
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: 8
Avg Rent: 725
Avg SqFt: 800
# Baths: Yes

Sold Info

Loan Type: Cash
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Project Type

13 - 24 Units: Yes

Construction

Block: Yes

Const - Finish

Painted: Yes

Roofing

Composition: Yes
Built-Up: Yes
Foam: Yes

Floors

Vinyl: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 4000
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 3699
Annual Maint Exp: 0
Annual Mgmt Exp: 9892
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 11537
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 4400
Annual Other Expense: 6600
Operating Exp: 46532
Other Income: 3200
Vacancy Allowance: 0.09
Adjusted Gross Inc: 166564.58

Pmt & Rate Info

Cap Rate: 6.31
Down Payment: 1700000
Equity: 1700000
Down Payment %: 100
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0

Community Features

Barbecue: Yes
Other: Yes
See Remarks: Yes

Heating

Electric: Yes

Cooling

Electric: Yes

Exterior Amenities

Patio/Balcony: Yes
Other (See Remarks): Yes

Interior Features

Unfurnished: Yes
Fire/Smoke Alarm(s): Yes

Tenant Pays

Electricity: Yes

Appliances Included

Refrigerator: Yes
Free-Standing Range: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes
Books Shwn Accpt Ofr: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

1 Space/Unit: Yes
Paved: Yes

Electric

SRP: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes
Landscaping: Yes

New Financing

Other (See Remarks): Yes

Existing 1st Loan

Other (See Rmks): Yes

Existing 1st Loan Type

Not Applicable: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Existing 2nd Loan

Other (See Remarks): Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Other (See Remarks): Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

None: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

Other (See Remarks): Yes

Existing Othr Ln Trm

Not Applicable: Yes

Efficiency Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: 13 - 24 Units Construction: Block Const - Finish: Painted Roofing: Composition; Built-Up; Foam Floors: Vinyl Sale Includes: Land & Building Community Features: Barbecue; Other; See Remarks Exterior Amenities: Patio/Balcony; Other (See Remarks) Interior Features: Unfurnished; Fire/Smoke Alarm(s) Appliances Included: Free-Standing Range; Refrigerator Cooling: Electric Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: 1 Space/Unit; Paved Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity Source of Fincl Data: Owner; Books Shwn Accpt Ofr Existing 1st Loan: Other (See Rmks) Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Other (See Remarks) Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Other (See Remarks) Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Other (See Remarks) Environmental: Other (See Remarks)

Listing Office: Platinum Living Realty

Last Updated: January - 26 - 2025