7602 N 61ST Avenue, Glendale, AZ 85301 (MLS# 6316460)

7602 N 61ST Avenue, Glendale, AZ 85301

$695,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $695,000 Last Modified: 3/29/2025

Overview

Description

Calling all investors!!! Close to Westgate, this gem of a 4plex offers a great proximity to shopping, dining, entertainment and nightlife, a renter's dream! All units are rented with long term month to month leases. Two bedroom, 1.5 bath townhome style units each feature a private yard and upstairs balcony off primary bedroom. One unit has been completely remodeled and another has new flooring, carpet, interior paint. One unit has newer AC unit. Fresh exterior paint. All come with refrigerators and one unit with washer/dryer. The others are tenant owned. Easy to rent with lots of room for rent increase. One covered and one uncovered parking space per unit. Units are individually metered for electric and no HOA! Please do not disturb tenants, interior showings only upon open escro

Listing Details MLS# 6316460

Location, Tax & Legal

Map Code/Grid: N32
House Number: 7602
Compass: N
Street Name: 61ST
St Suffix: Avenue
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85301
Zip4: 1213
Country: US
County Code: Maricopa
Subdivision: JUSTIN WAYNE PHASE 1
Assessor Number: 143-39-033
Tax Year: 2021
Assessor's Map #: 39
Legal Description (Abbrev): LOT 2 JUSTIN WAYNE PHASE 1 MCR 025819
Assessor's Parcel #: 33
Add'l Parcels: No
Tax Municipality: Glendale
Census Tract: 92600
Taxes: 1844
Legal: LOT 2 JUSTIN WAYNE PHASE 1 MCR 025819
Marketing Name: INVESTORS

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: IRR
Year Built: 1984
Uncvrd Parking Spcs: 4
Total # of Units: 4
# of Buildings: Yes
Zoning: Multi
Elementary School District: Glendale Elementary District
High School District: Glendale Union High School District
Elementary School: Glendale Landmark Middle School
Jr. High School: Glendale Landmark Middle School
High School: Glendale High School

Remarks Misc

Cross Street: 61ST AVENUE & NORTHERN
Directions: From 61st Ave and Northern go south, property is on right.

Status Change Info

Off Market Date: 2021-11-06
Under Contract Date: 2021-11-05
Close of Escrow Date: 2021-12-02

Legal Info

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

More Information

Income Expenses

Gross Annual Sch Inc: 48216
Net Operating Income: 41016

2 Bedroom Units

# 2 Bedroom Units: 4
Avg Rent: 1005
Avg SqFt: 1044
# Baths: 2

Sold Info

Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Seller Paid - S
Buyer Concession $/%: $
Seller Concession to Buyer: 100
Seller Concession $/%: %
Buyer Concession to Seller: 0

Project Type

Four Plex: Yes

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes
Siding: Yes

Roofing

Composition: Yes

Floors

Vinyl: Yes
Ceramic Tile: Yes
Carpet: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 2880
Annual Land Lse Exp: 0
Annual Landscape Exp: 720
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 3600
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 9044
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 48216
Total Monthly Rental Income: 4018

Pmt & Rate Info

Cap Rate: 5.94
Down Payment: 0
Equity: 690000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0

Showing Notification Methods

Phone Call: Yes

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Electric: Yes
Individual: Yes
Central: Yes

Cooling

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

Exterior Amenities

Green Landscaping: Yes
Desert Landscaping: Yes
Fenced: Yes
Cable TV Available: Yes
Sidewalk(s): Yes
Patio/Balcony: Yes
Security Light(s): Yes

Interior Features

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

Tenant Pays

Electricity: Yes
Cable TV: Yes

Appliances Included

Dishwasher: Yes
Microwave: Yes
Refrigerator: Yes
Free-Standing Range: Yes
Washer/Dryer: Yes
W/D Hookup: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Water Source

Individual Meter: Yes

Sewer

Sewer - Public: Yes

Parking Features

Carport: Yes
>1 Space Per Unit: Yes
Paved: Yes
Add'l Parking Avail: Yes

Electric

APS: Yes
Individual Meter: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes

New Financing

VA: Yes
Conventional: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Existing 1st Loan Type

Not Applicable: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Existing 2nd Loan

Treat as Free&Clear: Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Treat as Free&Clear: Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

None: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

None: Yes

Existing Othr Ln Trm

Not Applicable: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom 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; Siding Roofing: Composition Floors: Vinyl; Ceramic Tile; Carpet Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Green Landscaping; Desert Landscaping; Fenced; Cable TV Available; Sidewalk(s); Patio/Balcony; Security Light(s) Interior Features: Unfurnished; Fire/Smoke Alarm(s); Vertical Blinds; Mini Blinds Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Microwave; Washer/Dryer; W/D Hookup Heating: Individual; Central Cooling: Ceiling Fan(s); Electric; Individual Water Source: Individual Meter Sewer: Sewer - Public Electric: APS; Individual Meter Gas: None Parking Features: Carport; >1 Space Per Unit; Add'l Parking Avail; Paved Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Showing Notification Methods: 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: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: VA; Conventional Environmental: None

Listing Office: Success Property Brokers

Last Updated: March - 29 - 2025