7109 N 68TH Drive 4, Glendale, AZ 85303
$660,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$660,000
List Date:
11/13/2021
Last Modified:
4/09/2022
Description
Great opportunity to own a well managed multifamily in Heart of Glendale - Close to Cardinal Stadium, Shopping & Restaurants! All 2 bed, 1 bath approx 750sqft! New ROOF installed 3 months ago.
(4plex next building is also for sale, chance to own hard to find total 8plex on 1 fenced in yard) Total Price $1.4 Million.
More Information MLS# 6320844
Contract Info
Ownership: Fee Simple
Current Price: $660,000
Sold Price: $660,000
Status: Closed
List Date: 2021-11-12
Location, Tax & Legal
Unit #: 4
Assessor's Map #: 28
Legal Description (Abbrev): LOT 43 GLEN WEST ESTATES MCR 010334
Assessor's Parcel #: 50
Add'l Parcels: No
Tax Municipality: Glendale
Census Tract: 92705
Taxes: 1593
Legal: LOT 43 GLEN WEST ESTATES MCR 010334
Marketing Name: 8 plex on Glen West
Map Code/Grid: N31
House Number: 7109
Compass: N
Street Name: 68TH
St Suffix: Drive
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85303
Zip4: 2643
County Code: Maricopa
Subdivision: GLEN WEST ESTATES
Assessor Number: 143-28-050
Tax Year: 2021
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 4
Lot Size Dimensions: unknown
Flood Zone: No
Total # of Units: 4
Elementary School District: Glendale Elementary District
Elementary School: Discovery School
Year Built: 1964
Zoning: Multi-Family
Legal Info
Range: 1E
Section: 1
Township: 2N
Lot Number: 43
Project Type
Four Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Siding: 1
Roofing
Built-Up: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 1593
Other Income: 400
Vacancy Allowance: 0.02
Adjusted Gross Inc: 46256
Pmt & Rate Info
Cap Rate: 5.21
Equity: 700000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Play Area: 1
Heating
Electric: 1
Cooling
Electric: 1
Exterior Amenities
Fenced: 1
Guard Gate: 1
Tenant Pays
Electricity: 1
Appliances Included
Free-Standing Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
1 Space/Unit: 1
Electric
SRP: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Conventional: 1
Special
Owner/Agent: 1
Existing 1st Loan
Conventional: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 950
Avg SqFt: 750
# Baths: 1
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: 2.5
Buyer Concession $/%: %
Seller Concession to Buyer: 0
Seller Concession $/%: %
Remarks Misc
Cross Street: 67th Ave & Glendale Ave
Directions: Great opportunity to own a well managed multifamily in Heart of Glendale - Close to Cardinal Stadium, Shopping & Restaurants! All 2 bed, 1 bath approx 750sqft! Total 8plex -buildings next door. 7105 N
Geo Lat: 33.539875
Geo Lon: -112.206053
Status Change Info
Off Market Date: 2022-03-30
Under Contract Date: 2022-02-14
Close of Escrow Date: 2022-04-08
Sold Price: $660,000
Income Expenses
Gross Annual Sch Inc: 46800
Net Operating Income: 36460
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted; Siding
Roofing: Built-Up
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool; Play Area
Exterior Amenities: Fenced; Guard Gate
Appliances Included: Free-Standing Range
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking Features: 1 Space/Unit
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Projected Proforma
Special: Owner/Agent
Showing Notification Methods: Phone Call
Lockbox Type: None
Existing 1st Loan: Conventional
New Financing: Conventional
Environmental: None
Listing Office:
HomeSmart
Last Updated: April - 09 - 2022
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