7535 N 109TH Avenue, Glendale, AZ 85307

$915,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $915,000 Last Modified: 8/06/2021

Description

Rare investment opportunity: Four well maintained single residential houses in family friendly neighborhoods present a solid 6% cap return and viable long term appreciation as housing demand remains very strong in Phoenix MSA. Professionally managed, 100% stabilized occupancy with monthly rent at $5,845. These four rental homes have been professionally managed and maintained. All in family friendly neighborhoods with strong buyer and rental demands. At current rents and operations a 6% cap .

More Information MLS# 6063408

Contract Info

Ownership: Fee Simple Current Price: $915,000 Sold Price: $915,000 Status: Closed List Date: 2020-04-06

Location, Tax & Legal

Assessor's Map #: 75 Legal Description (Abbrev): COUNTRY MEADOWS UNIT 9 MCR 206-44 Assessor's Parcel #: 211 Add'l Parcels: Yes Tax Municipality: Maricopa - COUNTY Census Tract: 92720 Taxes: 913 Legal: COUNTRY MEADOWS UNIT 9 MCR 206-44 Marketing Name: 4 SFR Portfolio Map Code/Grid: N30 House Number: 7535 Compass: N Street Name: 109TH St Suffix: Avenue City/Town Code: Glendale State/Province: AZ Zip Code: 85307 Zip4: 1751 County Code: Maricopa Subdivision: COUNTRY MEADOWS UNIT 9 LOT 775-1034 Assessor Number: 142-75-211 Tax Year: 2019

General Property Description

# of Buildings: 4 Uncvrd Parking Spcs: 8 Lot Size Dimensions: 7,090 SF Total # of Units: 4 Elementary School District: Peoria Unified School District High School District: Peoria Unified School District Year Built: 1987 Zoning: R7

Legal Info

Range: 1E Section: 6 Township: 2N Lot Number: 979

Project Type

Other (See Remarks): 1

Construction

Other: 1

Const - Finish

Other (See Remarks): 1

Roofing

Other: 1

Floors

Other: 1

Sale Includes

Land & Building: 1

Income & Expenses

Annual Elec Exp: 0 Annual Gas Exp: 0 Annual Ins Exp: 0 Annual Land Lse Exp: 0 Annual Landscape Exp: 0 Annual Legal & Acctg: 0 Annual Maint Exp: 0 Annual Mgmt Exp: 0 Annual Trash Exp: 0 Annual Wtr/Swr Exp: 0 Owner Association: Yes Annual Ownr Asoc Fee: 0 Annual PAD Fee: 0 Annual Rplcmnt Rsrvs: 0 Annual Other Expense: 0 Operating Exp: 913 Other Income: 0 Vacancy Allowance: 0 Adjusted Gross Inc: 0

Pmt & Rate Info

Down Payment: 0 Equity: 916000 Down Payment %: 0 Monthly Payments: 0 Total Owed: 0 Assessment Balance: 0

Showing Notification Methods

Text: 1 Email: 1 Phone Call: 1

Lockbox Type

None: 1

Community Features

Other: 1 See Remarks: 1

Heating

Other: 1 See Remarks: 1

Cooling

Other: 1 See Remarks: 1

Exterior Amenities

Other (See Remarks): 1

Interior Features

Other (See Remarks): 1

Tenant Pays

Gas: 1 Water: 1 Electricity: 1

Appliances Included

Other: 1

Road Surface Type

Asphalt: 1

Source of Fincl Data

Other (See Remarks): 1

Water Source

City Franchise: 1

Sewer

Sewer - Public: 1

Parking Features

Garage: 1

Electric

Other (See Remarks): 1

Gas

Other (See Remarks): 1

Owner Pays

None: 1

New Financing

Other (See Remarks): 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

None: 1

Existing 3rd Loan Terms

Not Applicable: 1

Environmental

None: 1

Existing Othr Ln Trm

Other (See Remarks): 1

Contact Info

List Agent Home Phn: 480-440-5289

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

2 Bedroom Units

Avg Rent: 0

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: Northern & 109th Ave Geo Lat: 33.544879 Geo Lon: -112.293861

Status Change Info

Off Market Date: 2020-05-18 Under Contract Date: 2020-05-01 Close of Escrow Date: 2020-06-12 Sold Price: $915,000

Property Features

Project Type: Other (See Remarks) Construction: Other Const - Finish: Other (See Remarks) Roofing: Other Floors: Other Sale Includes: Land & Building Community Features: Other; See Remarks Exterior Amenities: Other (See Remarks) Interior Features: Other (See Remarks) Appliances Included: Other Heating: Other; See Remarks Cooling: Other; See Remarks Water Source: City Franchise Sewer: Sewer - Public Electric: Other (See Remarks) Gas: Other (See Remarks) Parking Features: Garage Road Surface Type: Asphalt Owner Pays: None Tenant Pays: Water; Electricity; Gas Source of Fincl Data: Other (See Remarks) Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None 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: Other (See Remarks) New Financing: Other (See Remarks) Environmental: None
Listing Office: REI Marketing
IDX
Last Updated: August - 06 - 2021
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