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
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
More Information MLS# 5894901
Contract Info
Ownership: Fee Simple
Current Price: $1,600,000
Sold Price: $1,600,000
Status: Closed
List Date: 2019-02-10
Location, Tax & Legal
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
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
County Code: Maricopa
Subdivision: GLEN WEST ESTATES
Assessor Number: 143-28-009-A
Tax Year: 2018
General Property Description
# of Buildings: 5
Uncvrd Parking Spcs: 22
Lot Size Dimensions: 24,001 - 35,000
Total # of Units: 22
Elementary School District: Glendale Elementary District
High School District: Glendale Union High School District
Year Built: 1970
Zoning: R-4
Project Type
13 - 24 Units: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Built-Up: 1
Foam: 1
Floors
Vinyl: 1
Sale Includes
Land & Building: 1
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: 1
Other: 1
See Remarks: 1
Heating
Electric: 1
Cooling
Electric: 1
Exterior Amenities
Patio/Balcony: 1
Other (See Remarks): 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Tenant Pays
Electricity: 1
Appliances Included
Refrigerator: 1
Free-Standing Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Books Shwn Accpt Ofr: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
1 Space/Unit: 1
Paved: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Other (See Remarks): 1
Existing 1st Loan
Other (See Rmks): 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Other (See Remarks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Other (See Remarks): 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
Other (See Remarks): 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 14
Avg Rent: 625
Avg SqFt: 550
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 8
Avg Rent: 725
Avg SqFt: 800
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: 67th Avenue and Glendale
Geo Lat: 33.538592
Geo Lon: -112.20552
Status Change Info
Off Market Date: 2019-04-17
Under Contract Date: 2019-04-05
Close of Escrow Date: 2019-10-31
Sold Price: $1,600,000
Legal Info
Lot Number: 3
Income Expenses
Gross Annual Sch Inc: 179838
Net Operating Income: 107341
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
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