7156 N 66TH Drive, Glendale, AZ 85301 (MLS# 6292219)

7156 N 66TH Drive, Glendale, AZ 85301

$580,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $580,000 Last Modified: 3/26/2025

Overview

Description

Perfect investment property in Glendale now on the market! This property has been almost fully remodeled. Three out of the four units have been renovated along with the entire exterior of the building. Every unit has all new windows and doors. Close to $100,000 in upgrades have been performed on this property in the last year along with a new AC unit. All units individually metered for electric. Close to downtown Glendale and easily accessible. Shared laundry room has leased out washer and dryer. All maintenance for washer and dryer is done by the company it is leased from. Three units are 2/1 and the other unit is 1/1. Roof is approximately 5 years old. Tenants pay a $35/month utility fee which covers water/sewer/trash. DO NOT DISTURB TENANTS OR MAKE CONTACT WITH TENANTS.

Listing Details MLS# 6292219

Location, Tax & Legal

Map Code/Grid: N32
House Number: 7156
Compass: N
Street Name: 66TH
St Suffix: Drive
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85301
Zip4: 2383
Country: US
County Code: Maricopa
Subdivision: PECAN RIDGE ONE LOT 1-18 TR A
Assessor Number: 143-29-019
Tax Year: 2021
Assessor's Map #: 29
Legal Description (Abbrev): LOT 1 PECAN RIDGE ONE LOT 1-18 TR A MCR 025121
Assessor's Parcel #: 19
Add'l Parcels: No
Tax Municipality: Glendale
Census Tract: 92600
Taxes: 1343
Legal: LOT 1 PECAN RIDGE ONE LOT 1-18 TR A MCR 025121
Marketing Name: 66th Dr

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 6774
Year Built: 1983
Uncvrd Parking Spcs: 8
Total # of Units: 4
# of Buildings: Yes
Zoning: Multi-family
Flood Zone: No
Elementary School District: Glendale Elementary District
High School District: Glendale Union High School District

Remarks Misc

Cross Street: 67th Ave and Glendale Ave
Directions: Glendale to 67th Avenue North, to Myrtle East, to 66th Dr. South, to 7156 N 66th Dr.

Status Change Info

Off Market Date: 2021-09-13
Under Contract Date: 2021-09-13
Close of Escrow Date: 2021-10-13

Legal Info

Township: 2N
Range: 2E
Section: 6
Lot Number: Yes

More Information

Income Expenses

Gross Annual Sch Inc: 45576
Net Operating Income: 39087.88

1 Bedroom Units

# 1 Bedroom Units: Yes
Avg Rent: 949
Avg SqFt: 525
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: 3
Avg Rent: 949.66
Avg SqFt: 650
# 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

Painted: Yes

Roofing

Composition: Yes

Floors

Vinyl: Yes
Ceramic Tile: Yes

Sale Includes

Land & Building: Yes
Laundry Equipment: Yes

Income & Expenses

Annual Elec Exp: 480
Annual Gas Exp: 0
Annual Ins Exp: 1000
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 2400
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 2000
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 7223
Other Income: 1680
Vacancy Allowance: 0.02
Adjusted Gross Inc: 46310.88
Total Monthly Rental Income: 3938

Pmt & Rate Info

Cap Rate: 6.8
Down Payment: 0
Equity: 574900
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Electric: Yes
Individual: Yes

Cooling

Ceiling Fan(s): Yes
Electric: Yes
Individual: Yes

Interior Features

Fire/Smoke Alarm(s): Yes
Vertical Blinds: Yes

Tenant Pays

Electricity: Yes

Appliances Included

Dishwasher: Yes
Disposal: Yes
Microwave: Yes
Refrigerator: Yes
Free-Standing Range: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Paved: Yes

Electric

APS: Yes
Individual Meter: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes

New Financing

Conventional: Yes
Other (See Remarks): Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Reports/Disclosures

Seller Prop Disc Stm: 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: Wood Frame Const - Finish: Painted Roofing: Composition Floors: Vinyl; Ceramic Tile Sale Includes: Land & Building; Laundry Equipment Community Features: No Pool Interior Features: Fire/Smoke Alarm(s); Vertical Blinds Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave Heating: Individual Cooling: Ceiling Fan(s); Electric; Individual Water Source: City Franchise Sewer: Sewer - Public Electric: APS; Individual Meter Gas: None Parking Features: Paved Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity Source of Fincl Data: Owner Lockbox Type: None Existing 1st Loan: Treat as Free&Clear New Financing: Conventional; Other (See Remarks) Environmental: None

Listing Office: Strato Homes

Last Updated: March - 26 - 2025