7115 N 83RD Avenue, Glendale, AZ 85303 (MLS# 4523542)

7115 N 83RD Avenue, Glendale, AZ 85303

$525,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $525,000 Last Modified: 6/12/2020

Overview

Description

Great Investment property with alot more potential to grow! This property could be used as a church with ample parking. This property could also be used as assisted living or group home. Great location for horse property! Each unit also has ceiling fans!

Listing Details MLS# 4523542

Location, Tax & Legal

Map Code/Grid: N31
House Number: 7115
Compass: N
Street Name: 83RD
St Suffix: Avenue
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85303
Zip4: 2332
Country: US
County Code: Maricopa
Assessor Number: 142-27-009-B
Tax Year: 2010
Assessor's Map #: 27
Assessor's Parcel #: 9
Assessor Parcel Ltr: B
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Census Tract: 92711
Taxes: 7561
Legal: N 129F OF S 327F OF TH PT SW4 SW4 DESC AS FOL BEG NW COR SW4 SW4 TH S 587F T H W TO WLN SW4 TH N 587F TO POB EX E 340 F
Marketing Name: WESLEY ESTATES

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 129x940
Year Built: 1966
Uncvrd Parking Spcs: 10
Total # of Units: 7
# of Buildings: 4
Zoning: R-3/R-4
Elementary School District: Glendale Elementary District
High School District: Glendale Union High School District
Elementary School: Sunset Vista
Jr. High School: Glendale Landmark Middle School
High School: Independence High School

Remarks Misc

Cross Street: 83rd Ave & Glendale
Directions: Loop 101 Freeway and Glendale. East to 83rd Avenue, North to Property about 1/4 mile North off Glendale Avenue.

Status Change Info

Off Market Date: 2011-05-31
Under Contract Date: 2012-01-06
Close of Escrow Date: 2012-02-29

Legal Info

Township: 2N
Range: 1E
Section: 2

More Information

Income Expenses

Gross Annual Sch Inc: 51240
Net Operating Income: 35880

1 Bedroom Units

# 1 Bedroom Units: Yes
Avg Rent: 475
Avg SqFt: 425
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: 5
Avg Rent: 575
Avg SqFt: 625
# Baths: Yes

4 Bedrooms Units

# 4 Bedroom Units: Yes
Avg Rent: 1200
Avg SqFt: 2950
# Baths: 3

Sold Info

Loan Type: Carryback
Loan Years: 7
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: %
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Project Type

5 - 12 Units: Yes
Mobile Home Park: Yes

Other Type

House + Rental Units: Yes

Construction

Block: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Composition: Yes
Shake: Yes

Floors

Concrete: Yes
Carpet: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Elec Exp: 1692
Annual Gas Exp: 988
Annual Ins Exp: 1822
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 2000
Annual Mgmt Exp: 0
Annual Trash Exp: 792
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 1500
Operating Exp: 16355
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 48678
Total Monthly Rental Income: 4450

Pmt & Rate Info

Cap Rate: 5.74
Down Payment: 0
Equity: 625000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0

Community Features

No Pool: Yes

Heating

Heat Pump: Yes
Electric: Yes
Individual: Yes

Cooling

Ceiling Fan(s): Yes
Electric: Yes
Heat Pump: Yes
Individual: Yes

Exterior Amenities

Green Landscaping: Yes
Fenced: Yes
Cable TV Available: Yes
Pet Restrictions: Yes

Interior Features

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

Tenant Pays

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 Tank: Yes
Septic-In & Connected: Yes

Parking Features

Free: Yes
1 Space/Unit: Yes
Add'l Parking Avail: Yes
RV Access/Parking: Yes

Electric

SRP: Yes

Gas

SW Gas: Yes

Owner Pays

Water: Yes
Gas: Yes
Trash Collection: Yes

New Financing

Conventional: Yes

Special

Unincorporated Area: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Existing 1st Loan Type

Not Applicable: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Existing 2nd Loan

Treat as Free&Clear: Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Treat as Free&Clear: 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

Efficiency Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: 5 - 12 Units; Mobile Home Park Other Type: House + Rental Units Construction: Block Const - Finish: Painted; Stucco Roofing: Composition; Shake Floors: Concrete; Carpet Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Green Landscaping; Fenced; Cable TV Available; Pet Restrictions Interior Features: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds Appliances Included: Built-In Range; Refrigerator Heating: Individual; Heat Pump Cooling: Ceiling Fan(s); Electric; Heat Pump; Individual Water Source: City Franchise Sewer: Septic Tank; Septic-In & Connected Electric: SRP Gas: SW Gas Parking Features: 1 Space/Unit; Add'l Parking Avail; RV Access/Parking; Free Road Surface Type: Gravel; Dirt Owner Pays: Water; Gas; Trash Collection Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Special: Unincorporated Area Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Conventional Environmental: None

Documents

Expenses ›

Listing Office: Keller Williams, Professional Partners

Last Updated: June - 12 - 2020