7631 N 59TH Lane, Glendale, AZ 85301 (MLS# 6552696)

7631 N 59TH Lane, Glendale, AZ 85301

$746,816

Property Type: Multiple Dwellings Status: Closed

Current Price: $746,816 Last Modified: 6/11/2023

Overview

Description

Property was built in 2019. Lovely three-plex in a quiet community in the heart of Glendale. Long term tenants in place. Property fully maintained since built. Home is built with many modern finishes. Large Irrigated lot. The first unit is two homes, sharing a wall. Unit is 2,529 Sq Ft. Front part of unit is 3 Bd, 2 Bath, Full Gourmet Kitchen. Rented for: $2,300 Back part of unit is 2 Bd, 1 Bath, Full Kitchen. Rented for: $1,550 Detached Back House is 3 Bd, 1 Bath, Full Kitchen. Covered Patio. 1200 Sq Ft. Rented for: $1,800 All tenants are under contract until FEB 2024. Owner pays for Electric, & Water. Examples of bills attached to the documents of listing. Do not disturb tenants, drive by only.

Listing Details MLS# 6552696

Location, Tax & Legal

Map Code/Grid: N32
House Number: 7631
Compass: N
Street Name: 59TH
St Suffix: Lane
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85301
Zip4: 7806
Country: US
County Code: Maricopa
Subdivision: HADSELLS ADDITION
Assessor Number: 143-42-033-B
Tax Year: 2022
Assessor's Map #: 42
Legal Description (Abbrev): PT OF SEC 6 T 2 N R 2 E COM E 4 COR SD SEC 6 TH N 1063.91F TH S 88D 57M W 338.86F TH S 60F TO TPOB T
Assessor's Parcel #: 33
Assessor Parcel Ltr: B
Add'l Parcels: No
Tax Municipality: Glendale
Census Tract: 92600
Taxes: 2715
Legal: PT OF SEC 6 T 2 N R 2 E COM E 4 COR SD SEC 6 TH N 1063.91F TH S 88D 57M W 338.86F TH S 60F TO TPOB T
Marketing Name: FLORALCROFT

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 20,915
Year Built: 2019
Uncvrd Parking Spcs: 12
Total # of Units: 3
# of Buildings: 2
Zoning: R-6
Flood Zone: No
Elementary School District: Glendale Elementary District
High School District: Glendale Union High School District

Remarks Misc

Cross Street: 59TH AVE AND ORANGEWOOD DR
Directions: WEST ON ORANGEWOOD DR, NORTH ON 59TH LN TO PROPERTY. HOUSE LOCATED ON THE RIGHT SIDE OF THE STREET.

Status Change Info

Off Market Date: 2023-06-02
Under Contract Date: 2023-05-15
Close of Escrow Date: 2023-06-10

Legal Info

Township: 2N
Range: 2E
Section: 6
Lot Number: 9

More Information

Income Expenses

Gross Annual Sch Inc: 67800
Net Operating Income: 57507.89

2 Bedroom Units

# 2 Bedroom Units: Yes
Avg Rent: 1550
Avg SqFt: 1200
# Baths: Yes

3 Bedrooms Units

# 3 Bedroom Units: 2
Avg Rent: 2100
Avg SqFt: 1750
# Baths: Yes

Sold Info

Loan Type: Carryback
Loan Years: 30
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Project Type

Tri-Plex: Yes

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Tile: Yes

Floors

Ceramic Tile: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Elec Exp: 7892.11
Annual Ins Exp: 1500
Annual Landscape Exp: 1000
Annual Wtr/Swr Exp: 2400
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 15507.11
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 64410

Pmt & Rate Info

Cap Rate: 7.29
Equity: 789000
Down Payment %: 10
Monthly Payments: 3500
Total Owed: 0

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Electric: Yes

Cooling

Ceiling Fan(s): Yes
Electric: Yes

Exterior Amenities

RV/Boat Parking: Yes
Sidewalk(s): Yes

Tenant Pays

Landscaping: Yes

Appliances Included

Washer/Dryer: Yes

Road Surface Type

Concrete: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Garage: Yes
Other: Yes

Electric

APS: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes
Electric: Yes

New Financing

1031 Exchange: Yes
Other (See Remarks): Yes

Special

Owner/Agent: Yes

Existing 1st Loan

Conventional: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: Tri-Plex Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Tile Floors: Ceramic Tile Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: RV/Boat Parking; Sidewalk(s) Appliances Included: Washer/Dryer Cooling: Ceiling Fan(s); Electric Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Parking Features: Garage; Other Road Surface Type: Concrete Owner Pays: Water; Electric Tenant Pays: Landscaping Source of Fincl Data: Owner Special: Owner/Agent Lockbox Type: None Existing 1st Loan: Conventional New Financing: 1031 Exchange; Other (See Remarks) Environmental: None

Listing Office: Weichert Realtors - Upraise

Last Updated: June - 11 - 2023