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$258,000
Glendale, AZ 85302
MLS# 5395118
Status: Closed
1 / 6
Property Description
Solid investment property. Fully Occupied. Complete remodel top to bottom within past five years. Coin operated laundry facility. Quaint and peaceful gated courtyard area. Tile and wood laminate flooring plus newer appliances in each unit. Close to shopping, schools, & employment, Cardinal Stadium, Glendale Arena, and walking distance to Glendale Community College. Additional photos posted in document section. No sign, Drive-by only, do not disturb tenants.
Details
Maps
Contract Info
Current Price: $253,500
Sold Price: $253,500
Status: Closed
List Date: 2016-02-06
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: M32
House Number: 6010
Compass: W
Street Name: ALICE
St Suffix: Avenue
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85302
Zip4: 5426
Country: USA
County Code: Maricopa
Legal Description (Abbrev): STAR CREST
Subdivision: STAR CREST
Assessor's Map #: 13
Assessor's Parcel #: 16
Add'l Parcels: No
Assessor Number: 143-13-016
Legal: STAR CREST
Census Tract: 92311
Tax Municipality: Maricopa - COUNTY
Taxes: 2015
Tax Year: 1187
Marketing Name: Perfect Cashflow!
General Property Description
Lot Size Dimensions: 79X100
Year Built: 1970
Uncvrd Parking Spcs: 4
Total # of Units: 4
# of Buildings: 3
Zoning: R4
Elementary School District: Glendale Elementary District
High School District: Glendale Union High School District
Remarks & Misc
Cross Street: Northern Ave & 59th Ave
Directions: North on 59th Ave, West on Alice Ave
Geo Lat: 33.564077
Geo Lon: -112.188739
Status Change Info
Status Change Date: 2016-04-05
Off Market Date: 2016-03-03
Under Contract Date: 2016-03-03
Close of Escrow Date: 2016-04-05
Sold Price: $253,500
Legal Info
Township: 3N
Range: 2E
Section: 31
Lot Number: 9
Income & Expenses
Annual Elec Exp: 758
Annual Ins Exp: 1300
Annual Landscape Exp: 1242
Annual Maint Exp: 1200
Annual Mgmt Exp: 3134
Annual Wtr/Swr Exp: 3974
Owner Association: No
Operating Exp: 13623
Gross Annual Sch Inc: 32332
Vacancy Allowance: 0.05
Adjusted Gross Inc: 30715.4
Net Operating Income: 19496
Pmt & Rate Info
Cap Rate: 7.56
Equity: 258000
Efficiency Units
# Efficiency Units: 4
Avg SqFt: 637
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 650
Avg SqFt: 637
# Baths: 1
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Four Plex
Construction: Block; Frame - Wood
Const - Finish: Painted; Stucco
Roofing: Rolled
Floors: Wood; Ceramic Tile; Other
Sale Includes: Land & Building; Other (See Remarks)
Community Amenities: No Pool
Appliances Included: BI Oven/Range; Refrigerator; Dishwasher; Disposal; Microwave
Heating: Individual
Cooling: Individual
Water: Master Meter
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking: >1 Space Per Unit
Roads/Streets: Treated
Owner Pays: Water; Landscaping
Tenant Pays: Electric; Cable TV
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Treat as Free&Clear; Other (See Rmks)
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional; No Carry; Other (See Remarks)
Reports/Disclosures: None
Environmental: None
Listing Office: Winnie Tang Realty
Last Updated: May - 05 - 2016
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