7103 N 80th Avenue, Glendale, AZ 85303

$1,200,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $1,200,000 List Date: 3/10/2024 Last Modified: 5/19/2025

Description

Welcome to Westgate Estates! Brand new construction apartment community, just minutes from Westgate Entertainment District! This community is comprised of two adjacent four-plexes, each residing on its own parcel, allowing for conventional residential financing. All units are individually metered for electricity with tenants responsible for a split water/sewer charge. Landlord pays absolutely no utilities, allowing for a truly net monthly income. Each apartment is 960 sqft with two bedrooms, two baths and laundry. No expense was spared in the construction of these units from the foam insulation to the tile roofs to the fire sprinkler system. Area is exploding with new development as new projects are readily breaking ground on this street. This is truly a turnkey investment!

More Information MLS# 6673303

Contract Info

Ownership: Fee Simple Current Price: $1,200,000 Sold Price: $1,200,000 Status: Closed List Date: 2024-03-06

Location, Tax & Legal

Assessor's Map #: 27 Assessor's Parcel #: 326 Add'l Parcels: No Tax Municipality: Maricopa - COUNTY Taxes: 453 Legal: TBD By Title In Escrow. Marketing Name: Westgate Estates House Number: 7103 Compass: N Street Name: 80th St Suffix: Avenue City/Town Code: Glendale State/Province: AZ Zip Code: 85303 County Code: Maricopa Assessor Number: 142-27-326 Tax Year: 2023

General Property Description

# of Buildings: 2 Uncvrd Parking Spcs: 8 Lot Size Dimensions: 82x150 Flood Zone: No Total # of Units: 4 Elementary School District: Glendale Elementary District High School District: Glendale Union High School District Year Built: 2024 Zoning: MultiFam

Project Type

Four Plex: 1

Construction

Wood Frame: 1

Const - Finish

Painted: 1 Stucco: 1

Roofing

Composition: 1 Tile: 1

Floors

Ceramic Tile: 1 Carpet: 1

Sale Includes

Land & Building: 1

Income & Expenses

Owner Association: No Annual Ownr Asoc Fee: 0 Operating Exp: 453 Other Income: 0 Vacancy Allowance: 0 Adjusted Gross Inc: 96000

Pmt & Rate Info

Equity: 1375000 Down Payment %: 0 Monthly Payments: 0 Total Owed: 0

Showing Notification Methods

Showing Service: Aligned Showings Text: 1 Phone Call: 1

Lockbox Type

Supra: 1 Combo: 1

Community Features

No Pool: 1

Heating

Heat Pump: 1 Electric: 1

Cooling

Ceiling Fan(s): 1 Central Air: 1

Tenant Pays

Water: 1 Sewer: 1 Electricity: 1

Appliances Included

Dishwasher: 1 Disposal: 1 Microwave: 1 Refrigerator: 1 Washer/Dryer: 1

Road Surface Type

Asphalt: 1

Source of Fincl Data

Owner: 1

Water Source

City Franchise: 1

Sewer

Sewer - Public: 1

Parking Features

Free: 1 1 Space/Unit: 1 Paved: 1

Electric

SRP: 1

Gas

None: 1

Owner Pays

None: 1

New Financing

Conventional: 1 1031 Exchange: 1

Reports/Disclosures

None: 1

Environmental

None: 1

Efficiency Units

# Efficiency Units: 4 Avg Rent: 2000 Avg SqFt: 960 # Baths: 2

1 Bedroom Units

Avg Rent: 0

2 Bedroom Units

# 2 Bedroom Units: 4 Avg Rent: 2000 Avg SqFt: 960 # Baths: 2

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

Geo Lat: 33.539275 Geo Lon: -112.231459

Status Change Info

Off Market Date: 2024-04-02 Under Contract Date: 2024-03-30 Close of Escrow Date: 2024-06-17 Sold Price: $1,200,000

Legal Info

Lot Number: N/A

Income Expenses

Gross Annual Sch Inc: 96000

Property Features

Project Type: Four Plex Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Composition; Tile Floors: Ceramic Tile; Carpet Sale Includes: Land & Building Community Features: No Pool Appliances Included: Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Heating: Heat Pump Cooling: Ceiling Fan(s); Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: 1 Space/Unit; Free; Paved Road Surface Type: Asphalt Owner Pays: None Tenant Pays: Water; Sewer; Electricity Source of Fincl Data: Owner Showing Notification Methods: Text; Phone Call Lockbox Type: Supra; Combo New Financing: Conventional; 1031 Exchange Environmental: None
Listing Office: My Home Group Real Estate
IDX
Last Updated: May - 19 - 2025
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