7126 N 66TH Drive, Glendale, AZ 85301

$665,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $665,000 Last Modified: 12/18/2024

Overview

Description

The property was built in 1987 and has on-site laundry and a parking lot. This 4-plex features (1) 1-Bed / 1-Bath unit and (3) 2-Bed / 1-Bath units. The upgraded units offer new flooring, interior paint, kitchen cabinets, countertops, bathroom vanities, and bathroom finishes. An investor could finish upgrading the property by renovating the 1-Bed / 1-Bath unit.

Listing Details MLS# 6751873

Location, Tax & Legal

House Number
7126
Compass
N
Street Name
66TH
St Suffix
Drive
City/Town Code
Glendale
State/Province
AZ
Zip Code
85301
Zip4
2371
Country
US
County Code
Maricopa
Subdivision
PECAN RIDGE ONE LOT 1-18 TR A
Assessor Number
143-29-024
Tax Year
2023
Assessor's Map #
29
Legal Description (Abbrev)
LOT 6 PECAN RIDGE ONE LOT 1-18 TR A MCR 025121
Assessor's Parcel #
24
Add'l Parcels
No
Tax Municipality
Glendale
Census Tract
92600
Taxes
1425
Legal
LOT 6 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
2024-10-15
Under Contract Date
2024-09-15
Close of Escrow Date
2024-12-13

Legal Info

Township
2N
Range
2E
Section
6
Lot Number
6

More Information

Income Expenses

Gross Annual Sch Inc
63600
Net Operating Income
47098

Showing Notification Methods

Showing Service
Aligned Showings

1 Bedroom Units

# 1 Bedroom Units
Yes
Avg Rent
1100
Avg SqFt
595
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
3
Avg Rent
1227
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

Steel Frame
Yes

Const - Finish

Stucco
Yes

Roofing

Composition
Yes

Floors

Vinyl
Yes
Wood
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
62700

Pmt & Rate Info

Cap Rate
6.28
Equity
750000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Central
Yes

Cooling

Central Air
Yes
Individual
Yes

Tenant Pays

Electricity
Yes

Appliances Included

Disposal
Yes
Refrigerator
Yes
Free-Standing Range
Yes

Road Surface Type

Asphalt
Yes
Dirt
Yes

Source of Fincl Data

Projected Proforma
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

>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
VA
Yes
Conventional
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Four Plex Construction: Steel Frame Const - Finish: Stucco Roofing: Composition Floors: Vinyl; Wood Sale Includes: Building(s) Only Community Features: No Pool Appliances Included: Free-Standing Range; Refrigerator; Disposal Heating: Central Cooling: Individual; Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: >1 Space Per Unit Road Surface Type: Dirt; Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity Source of Fincl Data: Projected Proforma Lockbox Type: None New Financing: Cash; VA; Conventional Environmental: None
IDX
Listing Office: ABI Multifamily
Last Updated: December - 18 - 2024
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