7120 N 66TH Drive, Glendale, AZ 85301

$730,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $730,000 Last Modified: 5/07/2024

Overview

Description

7120 N 66th Drive features four (4) 2 bed / 1 bath units. Features (4) 2-bed / 1-bath. The upgraded units offer new flooring, interior paint, kitchen cabinets, countertops, bathroom vanities, and bathroom finishes as well as brand new parking lot.

Listing Details MLS# 6682574

Location, Tax & Legal

House Number
7120
Compass
N
Street Name
66TH
St Suffix
Drive
City/Town Code
Glendale
State/Province
AZ
Zip Code
85301
Zip4
2391
Country
US
County Code
Maricopa
Subdivision
PECAN RIDGE ONE LOT 1-18 TR A
Assessor Number
143-29-025
Tax Year
2023
Assessor's Map #
29
Legal Description (Abbrev)
LOT 7 PECAN RIDGE ONE LOT 1-18 TR A MCR 025121
Assessor's Parcel #
25
Add'l Parcels
No
Tax Municipality
Glendale
Census Tract
92600
Taxes
1425
Legal
LOT 7 PECAN RIDGE ONE LOT 1-18 TR A MCR 025121
Marketing Name
66th Drive Apartments

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
107.93x64.26x107.93x64.26
Year Built
1987
Uncvrd Parking Spcs
8
Total # of Units
4
# of Buildings
Yes
Zoning
R-3
Elementary School District
Glendale Elementary District
High School District
Glendale Union High School District

Status Change Info

Off Market Date
2024-05-07
Under Contract Date
2024-03-26
Close of Escrow Date
2024-04-25

Legal Info

Township
2N
Range
2E
Section
6
Lot Number
7

More Information

Income Expenses

Gross Annual Sch Inc
69600
Net Operating Income
52442

Showing Notification Methods

Showing Service
Aligned Showings

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
1450
Avg SqFt
750
# Baths
Yes

Sold Info

Loan Type
Conventional
Loan Years
30
Payment Type
Fixed
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Project Type

Four Plex
Yes

Construction

Wood Frame
Yes

Const - Finish

Stucco
Yes

Roofing

Composition
Yes

Floors

Vinyl
Yes

Sale Includes

Building(s) Only
Yes

Income & Expenses

Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
1425
Other Income
2400
Vacancy Allowance
0.05
Adjusted Gross Inc
68400

Pmt & Rate Info

Cap Rate
6.86
Equity
765000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Individual
Yes

Cooling

Electric
Yes

Tenant Pays

Electricity
Yes

Appliances Included

Disposal
Yes
Refrigerator
Yes
Free-Standing Range
Yes

Road Surface Type

Treated
Yes

Source of Fincl Data

Projected Proforma
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

On Street
Yes
>1 Space Per Unit
Yes

Electric

APS
Yes

Gas

SW Gas
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

Cash
Yes
Conventional
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Four Plex Construction: Wood Frame Const - Finish: Stucco Roofing: Composition Floors: Vinyl Sale Includes: Building(s) Only Community Features: No Pool Appliances Included: Free-Standing Range; Refrigerator; Disposal Heating: Individual Cooling: Electric Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: On Street; >1 Space Per Unit Road Surface Type: Treated Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity Source of Fincl Data: Projected Proforma Lockbox Type: None New Financing: Cash; Conventional Environmental: None
IDX
Listing Office: ABI Multifamily
Last Updated: May - 07 - 2024
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