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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
Last Updated: August - 06 - 2021
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