7125 N 55TH Avenue, Glendale, AZ 85301
$625,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$625,000
Last Modified:
1/16/2025
Description
CASH FLOW OPPORTUNITY – 8 Unit bordering Caitlin Court historic district, Walking distance to Downtown Glendale, shops, and events. Major upgrades in 2010, including new roof, AC units with duct work, upgraded all electrical wiring and panels, upgraded interior plumbing and gas lines, new insulation, drywall, texture and paint. Recently updated with new dual-pane windows, white security doors, two-tone paint and maintenance free landscaping. Property has R-3 zoning, value in land as well. City of Glendale, on street parking, with private back yards.
More Information MLS# 5818695
Contract Info
Ownership: Fee Simple
Current Price: $625,000
Sold Price: $625,000
Status: Closed
List Date: 2018-09-11
Location, Tax & Legal
Assessor's Map #: 17
Legal Description (Abbrev): MCINTYRE PL N 54' OF LOT 1
Assessor's Parcel #: 1
Assessor Parcel Ltr: B
Add'l Parcels: No
Tax Municipality: Glendale
Census Tract: 92500
Taxes: 1715
Legal: MCINTYRE PL N 54' OF LOT 1
Marketing Name: MCINTYRE PLACE
Map Code/Grid: N32
House Number: 7125
Compass: N
Street Name: 55TH
St Suffix: Avenue
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85301
Zip4: 2531
County Code: Maricopa
Subdivision: MCINTYRE PLACE
Assessor Number: 147-17-001-B
Tax Year: 2017
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 8
Lot Size Dimensions: 54x202
Total # of Units: 8
Elementary School District: Glendale Elementary District
High School District: Glendale Union High School District
Elementary School: Glendale American School
Jr. High School: Glendale Landmark Middle School
High School: Glendale High School
Year Built: 1952
Zoning: R-3
Legal Info
Range: 2E
Section: 5
Township: 2N
Lot Number: 1
Project Type
5 - 12 Units: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Laundry Equipment: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 3200
Annual Land Lse Exp: 0
Annual Landscape Exp: 600
Annual Legal & Acctg: 0
Annual Maint Exp: 1200
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 3200
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 9915
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 63555
Total Monthly Rental Income: 5575
Pmt & Rate Info
Cap Rate: 8.02
Down Payment: 0
Equity: 669000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Community Features
No Pool: 1
Heating
Heat Pump: 1
Electric: 1
Other: 1
See Remarks: 1
Cooling
Electric: 1
Heat Pump: 1
Other: 1
See Remarks: 1
Exterior Amenities
Desert Landscaping: 1
Fenced: 1
Tenant Pays
Gas: 1
Electricity: 1
Cable TV: 1
Appliances Included
Refrigerator: 1
Free-Standing Range: 1
Other: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
On Street: 1
Add'l Parking Avail: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Trash Collection: 1
Landscaping: 1
New Financing
Conventional: 1
1031 Exchange: 1
Special
Owner/Agent: 1
Existing 1st Loan
Conventional: 1
Existing 1st Loan Type
Fixed: 1
Existing 1st Loan Terms
Non Assumable: 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
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Home Phn: 623-340-8072
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 6
Avg Rent: 650
Avg SqFt: 525
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 775
Avg SqFt: 710
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Loan Years: 5
Closing Cost Split: Normal - N
Payment Type: Balloon
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 25000
Seller Concession $/%: $
Remarks Misc
Cross Street: 55th Ave and Glendale Ave
Directions: North on 55th ave to Palmaire Ave, property on South East Corner.
Geo Lat: 33.54086
Geo Lon: -112.176946
Status Change Info
Off Market Date: 2018-11-21
Under Contract Date: 2018-10-11
Close of Escrow Date: 2018-12-12
Sold Price: $625,000
Income Expenses
Gross Annual Sch Inc: 66900
Net Operating Income: 53640
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Land & Building; Laundry Equipment
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Fenced
Appliances Included: Free-Standing Range; Refrigerator; Other
Heating: Heat Pump; Other; See Remarks
Cooling: Electric; Heat Pump; Other; See Remarks
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: On Street; Add'l Parking Avail
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Gas; Cable TV
Source of Fincl Data: Owner
Special: Owner/Agent
Existing 1st Loan: Conventional
Existing 1st Loan Type: Fixed
Existing 1st Loan Terms: Non Assumable
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; 1031 Exchange
Environmental: None
Documents
GIS Map ›
Listing Office:
Equity Realty Group, LLC
Last Updated: January - 16 - 2025
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.