7125 N 55TH Avenue, Glendale, AZ 85301

$625,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $625,000 Last Modified: 1/16/2025

Overview

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.

Listing Details MLS# 5818695

Location, Tax & Legal

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
Country
US
County Code
Maricopa
Subdivision
MCINTYRE PLACE
Assessor Number
147-17-001-B
Tax Year
2017
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

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
54x202
Year Built
1952
Uncvrd Parking Spcs
8
Total # of Units
8
# of Buildings
Yes
Zoning
R-3
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

Remarks Misc

Cross Street
55th Ave and Glendale Ave
Directions
North on 55th ave to Palmaire Ave, property on South East Corner.

Status Change Info

Off Market Date
2018-11-21
Under Contract Date
2018-10-11
Close of Escrow Date
2018-12-12

Legal Info

Township
2N
Range
2E
Section
5
Lot Number
Yes

More Information

Income Expenses

Gross Annual Sch Inc
66900
Net Operating Income
53640

1 Bedroom Units

# 1 Bedroom Units
6
Avg Rent
650
Avg SqFt
525
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
2
Avg Rent
775
Avg SqFt
710
# Baths
Yes

Contact Info

List Agent Home Phn
623-340-8072

Sold Info

Loan Type
Conventional
Loan Years
5
Payment Type
Balloon
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession to Buyer
25000
Seller Concession $/%
$
Buyer Concession to Seller
0

Project Type

5 - 12 Units
Yes

Construction

Block
Yes

Const - Finish

Painted
Yes

Roofing

Composition
Yes

Floors

Ceramic Tile
Yes

Sale Includes

Land & Building
Yes
Laundry Equipment
Yes

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
Yes

Heating

Heat Pump
Yes
Electric
Yes
Other
Yes
See Remarks
Yes

Cooling

Electric
Yes
Heat Pump
Yes
Other
Yes
See Remarks
Yes

Exterior Amenities

Desert Landscaping
Yes
Fenced
Yes

Tenant Pays

Gas
Yes
Electricity
Yes
Cable TV
Yes

Appliances Included

Refrigerator
Yes
Free-Standing Range
Yes
Other
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

On Street
Yes
Add'l Parking Avail
Yes

Electric

APS
Yes

Gas

SW Gas
Yes

Owner Pays

Water
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

Conventional
Yes
1031 Exchange
Yes

Special

Owner/Agent
Yes

Existing 1st Loan

Conventional
Yes

Existing 1st Loan Type

Fixed
Yes

Existing 1st Loan Terms

Non Assumable
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

None
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

4 Bedrooms Units

Avg Rent
0

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

IDX
Listing Office: Equity Realty Group, LLC
Last Updated: January - 16 - 2025
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