7115 N 83RD Avenue, Glendale, AZ 85303
$525,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$525,000
Last Modified:
6/12/2020
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!
More Information MLS# 4523542
Contract Info
Ownership: Fee Simple
Current Price: $525,000
Sold Price: $525,000
Status: Closed
List Date: 2011-01-19
Location, Tax & Legal
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
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
County Code: Maricopa
Assessor Number: 142-27-009-B
Tax Year: 2010
General Property Description
# of Buildings: 4
Uncvrd Parking Spcs: 10
Lot Size Dimensions: 129x940
Total # of Units: 7
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
Year Built: 1966
Zoning: R-3/R-4
Legal Info
Range: 1E
Section: 2
Township: 2N
Project Type
5 - 12 Units: 1
Mobile Home Park: 1
Other Type
House + Rental Units: 1
Construction
Block: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Shake: 1
Floors
Concrete: 1
Carpet: 1
Sale Includes
Land & Building: 1
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: 1
Heating
Heat Pump: 1
Electric: 1
Individual: 1
Cooling
Ceiling Fan(s): 1
Electric: 1
Heat Pump: 1
Individual: 1
Exterior Amenities
Green Landscaping: 1
Fenced: 1
Cable TV Available: 1
Pet Restrictions: 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Mini Blinds: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Refrigerator: 1
Built-In Range: 1
Road Surface Type
Dirt: 1
Gravel: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Septic Tank: 1
Septic-In & Connected: 1
Parking Features
Free: 1
1 Space/Unit: 1
Add'l Parking Avail: 1
RV Access/Parking: 1
Electric
SRP: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Gas: 1
Trash Collection: 1
New Financing
Conventional: 1
Special
Unincorporated Area: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 475
Avg SqFt: 425
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 5
Avg Rent: 575
Avg SqFt: 625
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
# 4 Bedroom Units: 1
Avg Rent: 1200
Avg SqFt: 2950
# Baths: 3
Sold Info
Loan Type: Carryback
Loan Years: 7
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: 83rd Ave & Glendale
Directions: Loop 101 Freeway and Glendale. East to 83rd Avenue, North to Property about 1/4 mile North off Glendale Avenue.
Geo Lat: 33.540438
Geo Lon: -112.236042
Status Change Info
Off Market Date: 2011-05-31
Under Contract Date: 2012-01-06
Close of Escrow Date: 2012-02-29
Sold Price: $525,000
Income Expenses
Gross Annual Sch Inc: 51240
Net Operating Income: 35880
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
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