7508 W ORANGEWOOD Avenue, Glendale, AZ 85303
$635,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$635,000
Last Modified:
2/28/2025
Description
''NEW LIST PRICE''. ONLY Unit #5 is available to show!
Calling ALL serious dream minded developers. An explosive opportunity on this corner Lot at 75th Ave & Orangewood. Potential zoning for redevelopment to apartments. Commercial bring your development opportunity here...And it is in The County Island - You can still annex into the City of Glendale, if you so desire. Priced to sell - AS IS CASH or HARD MONEY and seller wants a 30-day closing - So you better hurry and not miss out on this amazing opportunity - minutes to 91st Ave & Glendale stadium where the Arizona Cardinals play. The new coming soon approximately billion dollar + one-of-a-kind resort named VAI. Google that to see that explosive development along with all the west side growth to bring your dream project here.
Supplements: Confirm with Maricopa County for your Zoning
More Information MLS# 6783577
Contract Info
Ownership: Fee Simple
Current Price: $635,000
Sold Price: $635,000
Status: Closed
List Date: 2024-11-13
Location, Tax & Legal
Assessor's Map #: 24
Legal Description (Abbrev): E2 S2 E2 SE4 SE4 NE4 SEC 2 EX S 40F RD & EX E 77.01F & TRI IN SE COR FOR RD P/F 97-0511273
Assessor's Parcel #: 2
Assessor Parcel Ltr: B
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Census Tract: 92711
Taxes: 1526
Legal: E2 S2 E2 SE4 SE4 NE4 SEC 2 EX S 40F RD & EX E 77.01F & TRI IN SE COR FOR RD P/F 97-0511273
Marketing Name: UNK
House Number: 7508
Compass: W
Street Name: ORANGEWOOD
St Suffix: Avenue
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85303
Zip4: 1528
County Code: Maricopa
Assessor Number: 142-24-002-B
Tax Year: 2024
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 6
Lot Size Dimensions: 25,134 sq ft
Total # of Units: 6
Elementary School District: Glendale Elementary District
High School District: Glendale Union High School District
Year Built: 1955
Zoning: R-6
Legal Info
Range: 1E
Section: 2
Township: 2N
Lot Number: n/a
Project Type
5 - 12 Units: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Concrete: 1
Sale Includes
Land & Building: 1
Laundry Equipment: 1
Income & Expenses
Annual Elec Exp: 4000
Annual Gas Exp: 3000
Annual Ins Exp: 2100
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 942
Annual Wtr/Swr Exp: 1125
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 12693
Other Income: 4000
Vacancy Allowance: 0.05
Adjusted Gross Inc: 45980
Pmt & Rate Info
Cap Rate: 5.79
Down Payment: 0
Equity: 725000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Lockbox Type
Supra: 1
Combo: 1
Community Features
Other: 1
See Remarks: 1
Heating
Natural Gas: 1
Cooling
Electric: 1
Interior Features
Partially Furnished: 1
Tenant Pays
None: 1
Appliances Included
Refrigerator: 1
Free-Standing Range: 1
Road Surface Type
Dirt: 1
Gravel: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Septic Tank: 1
Parking Features
>1 Space Per Unit: 1
Electric
SRP: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Electric: 1
Gas: 1
Trash Collection: 1
New Financing
Conventional: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Other (See Remarks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Other (See Remarks): 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Home Phn: 623-872-6437
Efficiency Units
# Efficiency Units: 5
Avg Rent: 1033
Avg SqFt: 325
# Baths: 1
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1600
Avg SqFt: 700
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: 75th Avenue & Northern
Directions: From Northern, head south on 75th Ave to Orangewood Ave. Property is on the corner.
Geo Lat: 33.545659
Geo Lon: -112.220805
Status Change Info
Off Market Date: 2025-01-31
Under Contract Date: 2024-12-26
Close of Escrow Date: 2025-01-31
Sold Price: $635,000
Income Expenses
Gross Annual Sch Inc: 44400
Net Operating Income: 41990
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Concrete
Sale Includes: Land & Building; Laundry Equipment
Community Features: Other; See Remarks
Interior Features: Partially Furnished
Appliances Included: Free-Standing Range; Refrigerator
Heating: Natural Gas
Cooling: Electric
Water Source: City Franchise
Sewer: Septic Tank
Electric: SRP
Gas: SW Gas
Parking Features: >1 Space Per Unit
Road Surface Type: Gravel; Dirt
Owner Pays: Water; Electric; Gas; Trash Collection
Tenant Pays: None
Source of Fincl Data: Owner
Showing Notification Methods: Text
Lockbox Type: Supra; Combo
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional
Environmental: None
Listing Office:
ARRT of Real Estate
Last Updated: February - 28 - 2025
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