7126 N 66TH Drive, Glendale, AZ 85301
$665,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$665,000
Last Modified:
12/18/2024
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.
More Information MLS# 6751873
Contract Info
Ownership: Fee Simple
Current Price: $665,000
Sold Price: $665,000
Status: Closed
List Date: 2024-09-03
Location, Tax & Legal
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
House Number: 7126
Compass: N
Street Name: 66TH
St Suffix: Drive
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85301
Zip4: 2371
County Code: Maricopa
Subdivision: PECAN RIDGE ONE LOT 1-18 TR A
Assessor Number: 143-29-024
Tax Year: 2023
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 8
Lot Size Dimensions: 107.93x64.26x107.93x64.26
Total # of Units: 4
Elementary School District: Glendale Elementary District
High School District: Glendale Union High School District
Year Built: 1987
Zoning: R-3
Legal Info
Range: 2E
Section: 6
Township: 2N
Lot Number: 6
Project Type
Four Plex: 1
Construction
Steel Frame: 1
Const - Finish
Stucco: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Wood: 1
Sale Includes
Building(s) Only: 1
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
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Central: 1
Cooling
Central Air: 1
Individual: 1
Tenant Pays
Electricity: 1
Appliances Included
Disposal: 1
Refrigerator: 1
Free-Standing Range: 1
Road Surface Type
Asphalt: 1
Dirt: 1
Source of Fincl Data
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 1100
Avg SqFt: 595
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 1227
Avg SqFt: 750
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Geo Lat: 33.540891
Geo Lon: -112.201885
Status Change Info
Off Market Date: 2024-10-15
Under Contract Date: 2024-09-15
Close of Escrow Date: 2024-12-13
Sold Price: $665,000
Income Expenses
Gross Annual Sch Inc: 63600
Net Operating Income: 47098
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
Listing Office:
ABI Multifamily
Last Updated: December - 18 - 2024
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