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$1,375,000
Glendale, AZ 85303
MLS# 6673555
Status: Closed
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Property Description
Welcome to Westgate Estates! Brand new construction apartment community, just minutes from Westgate Entertainment District! This community is comprised of two adjacent four-plexes, each residing on its own parcel, allowing for conventional residential financing. All units are individually metered for electricity with tenants responsible for a split water/sewer charge. Landlord pays absolutely no utilities, allowing for a truly net monthly income. Each apartment is 960 sqft with two bedrooms, two baths and laundry. No expense was spared in the construction of these units from the foam insulation to the tile roofs to the fire sprinkler system. Area is exploding with new development as new projects are readily breaking ground on this street. This is truly a turnkey investment!
Details
Maps
Contract Info
Current Price: $1,200,000
Sold Price: $1,200,000
Status: Closed
List Date: 2024-03-06
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 7109
Compass: N
Street Name: 80TH
St Suffix: Avenue
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85303
Zip4: 2319
Country: USA
County Code: Maricopa
Legal Description (Abbrev): N 84F S 168F OF N 810F OF E 159.5F OF W2 SE4 SW4 EX W 10F LY S OF S OF S LN NW 4 SE4 SW4 PER DKT 115
Assessor's Map #: 27
Assessor's Parcel #: 327
Add'l Parcels: No
Assessor Number: 142-27-327
Legal: N 84F S 168F OF N 810F OF E 159.5F OF W2 SE4 SW4 EX W 10F LY S OF S OF S LN NW 4 SE4 SW4 PER DKT 115
Census Tract: 92711
Tax Municipality: Maricopa - COUNTY
Taxes: 455
Tax Year: 2023
Marketing Name: Westgate Estates
General Property Description
Lot Size Dimensions: 82x150
Year Built: 2024
Uncvrd Parking Spcs: 8
Total # of Units: 4
# of Buildings: 2
Zoning: MultiFam
Elementary School District: Glendale Elementary District
High School District: Glendale Union High School District
Remarks & Misc
Geo Lat: 33.539513
Geo Lon: -112.231475
Status Change Info
Status Change Date: 2024-04-19
Off Market Date: 2024-04-02
Under Contract Date: 2024-03-30
Close of Escrow Date: 2024-04-18
Sold Price: $1,200,000
Legal Info
Township: 2N
Range: 1E
Section: 2
Lot Number: --
Income & Expenses
Owner Association: No
Operating Exp: 455
Gross Annual Sch Inc: 96000
Adjusted Gross Inc: 96000
Pmt & Rate Info
Equity: 1375000
Showing Notification Methods
Showing Service: Aligned Showings
Efficiency Units
# Efficiency Units: 4
Avg Rent: 2000
Avg SqFt: 960
# Baths: 2
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 2000
Avg SqFt: 960
# Baths: 2
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: Frame - Wood
Const - Finish: Painted; Stucco
Roofing: Comp Shingle; Tile
Floors: Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Amenities: No Pool
Appliances Included: Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Heating: Heat Pump
Cooling: Ceiling Fan(s); Central A/C
Water: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking: 1 Space/Unit; Free; Paved Parking
Roads/Streets: Asphalt
Owner Pays: None
Tenant Pays: Water; Sewer; Electric
Source of Fincl Data: Provided by Owner
Showing Notification Methods: Text; Phone Call
Lockbox Type: Supra (ARMLS); Mech-box / Combo
New Financing: Conventional; 1031 Exchange
Reports/Disclosures: None
Environmental: None
Listing Office: My Home Group Real Estate
Last Updated: April - 19 - 2024
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