7040 NW GRAND Avenue 1-9, Glendale, AZ 85301
$650,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$650,000
Last Modified:
3/25/2025
Overview
Description
Listing Details MLS# 6290050
Location, Tax & Legal
- Map Code/Grid
- M31
- House Number
- 7040
- Compass
- NW
- Street Name
- GRAND
- St Suffix
- Avenue
- City/Town Code
- Glendale
- State/Province
- AZ
- Zip Code
- 85301
- Zip4
- 1019
- Country
- US
- County Code
- Maricopa
- Assessor Number
- 143-23-029-A
- Tax Year
- 2021
- Unit #
- 1-9
- Building Number
- No
- Assessor's Map #
- 23
- Legal Description (Abbrev)
- ARB PT LOT 14 BEG 852.95' W OF NE COR NW4 SE4 TH E 145.14' S 46: 27' W 310.32' TH N 43: 33' W 100' T
- Assessor's Parcel #
- 29
- Assessor Parcel Ltr
- A
- Add'l Parcels
- No
- Tax Municipality
- Glendale
- Census Tract
- 93200
- Taxes
- 1773
- Legal
- ARB PT LOT 14 BEG 852.95' W OF NE COR NW4 SE4 TH E 145.14' S 46: 27' W 310.32' TH N 43: 33' W 100' T
- Marketing Name
- Grandview Apartments
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- Multifamily
- Year Built
- 1954
- Uncvrd Parking Spcs
- 20
- Total # of Units
- 9
- # of Buildings
- 2
- Zoning
- c3
- Flood Zone
- No
- High School District
- Glendale Union High School District
Remarks Misc
- Cross Street
- Grand Ave & Northern Ave
Status Change Info
- Off Market Date
- 2021-09-17
- Under Contract Date
- 2021-09-10
- Close of Escrow Date
- 2021-09-25
Legal Info
- Township
- 3N
- Range
- 1E
- Section
- 36
- Lot Number
- 143-23-029A
More Information
Income Expenses
- Gross Annual Sch Inc
- 6700
- Net Operating Income
- 5000
Efficiency Units
- # Efficiency Units
- 2
- Avg Rent
- 600
- Avg SqFt
- 450
- # Baths
- Yes
1 Bedroom Units
- # 1 Bedroom Units
- 6
- Avg Rent
- 825
- Avg SqFt
- 650
- # Baths
- Yes
2 Bedroom Units
- # 2 Bedroom Units
- Yes
- Avg Rent
- 875
- Avg SqFt
- 750
- # Baths
- Yes
Sold Info
- Loan Type
- Cash
- Payment Type
- Other
- Closing Cost Split
- Seller Paid - S
- Buyer Concession $/%
- $
- Seller Concession $/%
- $
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Project Type
- 5 - 12 Units
- Yes
Construction
- Block
- Yes
- Wood Frame
- Yes
Const - Finish
- Painted
- Yes
- Brick Veneer
- Yes
Roofing
- Composition
- Yes
Floors
- Concrete
- Yes
- Vinyl
- Yes
- Ceramic Tile
- Yes
Sale Includes
- Land & Building
- Yes
Income & Expenses
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Operating Exp
- 1773
- Other Income
- 100
- Vacancy Allowance
- 0.05
- Adjusted Gross Inc
- 6460
Pmt & Rate Info
- Cap Rate
- 0.77
- Equity
- 650000
- Down Payment %
- 1
- Monthly Payments
- 585000
- Total Owed
- 0
Showing Notification Methods
- Phone Call
- Yes
Community Features
- No Pool
- Yes
Heating
- Heat Pump
- Yes
- Electric
- Yes
Cooling
- Central Air
- Yes
- Electric
- Yes
- Window/Wall Unit
- Yes
- Individual
- Yes
Exterior Amenities
- Desert Landscaping
- Yes
- Partially Fenced
- Yes
- Satellite Dish
- Yes
- Patio/Balcony
- Yes
Tenant Pays
- Gas
- Yes
- Electricity
- Yes
- Cable TV
- Yes
Appliances Included
- Refrigerator
- Yes
- Built-In Range
- Yes
Road Surface Type
- Dirt
- Yes
- Gravel
- Yes
Source of Fincl Data
- Owner
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Septic-In & Connected
- Yes
Parking Features
- Free
- Yes
- >1 Space Per Unit
- Yes
- Add'l Parking Avail
- Yes
Electric
- APS
- Yes
Gas
- SW Gas
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
- Landscaping
- Yes
New Financing
- Conventional
- Yes
- 1031 Exchange
- Yes
Existing 1st Loan Type
- Not Applicable
- Yes
Existing 1st Loan Terms
- Not Applicable
- Yes
Existing 2nd Loan Type
- Not Applicable
- Yes
Existing 2nd Loan Terms
- Not Applicable
- Yes
Existing 3rd Loan Type
- 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
3 Bedrooms Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Property Features
Project Type:
5 - 12 Units
Construction:
Block; Wood Frame
Const - Finish:
Painted; Brick Veneer
Roofing:
Composition
Floors:
Concrete; Vinyl; Ceramic Tile
Sale Includes:
Land & Building
Community Features:
No Pool
Exterior Amenities:
Desert Landscaping; Partially Fenced; Satellite Dish; Patio/Balcony
Appliances Included:
Built-In Range; Refrigerator
Heating:
Heat Pump
Cooling:
Electric; Window/Wall Unit; Individual; Central Air
Water Source:
City Franchise
Sewer:
Septic-In & Connected
Electric:
APS
Gas:
SW Gas
Parking Features:
>1 Space Per Unit; Add'l Parking Avail; Free
Road Surface Type:
Gravel; Dirt
Owner Pays:
Water; Trash Collection; Landscaping
Tenant Pays:
Electricity; Gas; Cable TV
Source of Fincl Data:
Owner
Showing Notification Methods:
Phone Call
Existing 1st Loan Type:
Not Applicable
Existing 1st Loan Terms:
Not Applicable
Existing 2nd Loan Type:
Not Applicable
Existing 2nd Loan Terms:
Not Applicable
Existing 3rd Loan Type:
Not Applicable
Existing 3rd Loan Terms:
Not Applicable
Existing Othr Ln Trm:
Not Applicable
New Financing:
Conventional; 1031 Exchange
Environmental:
None
Listing Office:
AMS
Last Updated: March - 25 - 2025
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