7602 N 61ST Avenue, Glendale, AZ 85301
$695,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$695,000
Last Modified:
3/29/2025
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
More Information MLS# 6316460
Contract Info
Ownership: Fee Simple
Current Price: $695,000
Sold Price: $695,000
Status: Closed
List Date: 2021-10-27
Location, Tax & Legal
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
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
County Code: Maricopa
Subdivision: JUSTIN WAYNE PHASE 1
Assessor Number: 143-39-033
Tax Year: 2021
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 4
Lot Size Dimensions: IRR
Total # of Units: 4
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
Year Built: 1984
Zoning: Multi
Legal Info
Range: 2E
Section: 6
Township: 2N
Lot Number: 2
Project Type
Four Plex: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Siding: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
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: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Individual: 1
Central: 1
Cooling
Ceiling Fan(s): 1
Electric: 1
Individual: 1
Exterior Amenities
Green Landscaping: 1
Desert Landscaping: 1
Fenced: 1
Cable TV Available: 1
Sidewalk(s): 1
Patio/Balcony: 1
Security Light(s): 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Vertical Blinds: 1
Mini Blinds: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Microwave: 1
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
W/D Hookup: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
Individual Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
>1 Space Per Unit: 1
Paved: 1
Add'l Parking Avail: 1
Electric
APS: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
VA: 1
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
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 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
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1005
Avg SqFt: 1044
# Baths: 2
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Seller Paid - S
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 100
Seller Concession $/%: %
Remarks Misc
Cross Street: 61ST AVENUE & NORTHERN
Directions: From 61st Ave and Northern go south, property is on right.
Geo Lat: 33.547744
Geo Lon: -112.190902
Status Change Info
Off Market Date: 2021-11-06
Under Contract Date: 2021-11-05
Close of Escrow Date: 2021-12-02
Sold Price: $695,000
Income Expenses
Gross Annual Sch Inc: 48216
Net Operating Income: 41016
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
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