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6235 N 60TH Avenue, Glendale, AZ 85301

$2,799,950
Status: Active
Current Price: $2,799,950 List Date: 10/31/2021 Last Modified: 11/26/2021

Description

This charming garden style 10 unit MF is 100% occupied. All are leased receiving premium rents. 7 of them have been completely renovated. The fenced pool has new pumps, a large sundeck, & a current city permit. The units are solid block construction, individually metered, & has pitched roofs. There is also a separate laundry toom with additional revenue. The property 's perimeter is secured by a solid block wall & cameras are in place. Asphalt/covered parking is available. This property is situated on over 1.2 acres which over half of the lot is UNDEVELOPED. Professional plans for 10 Tiny Homes have been presented to the City of Glendales site development & zoning officials already. The property is zoned R3 for MF. Dont miss this opportunity for Lots of POTENTIAL!

More Information MLS# 6314785

Contract Info

Current Price: $2,799,950 List Price: $2,799,950 Status: Active List Date: 2021-10-29 Ownership: Fee Simple

Location, Tax & Legal

Map Code/Grid: N32 House Number: 6235 Compass: N Street Name: 60TH St Suffix: Avenue City/Town Code: Glendale State/Province: AZ Zip Code: 85301 Zip4: 4439 Country: USA County Code: Maricopa Legal Description (Abbrev): ORCHARD ADD LOT 8 BLK 10 W 436.38' OF N 129' EX W 30' Subdivision: ORCHARD ADD BLK 11 LOT 1 Assessor's Map #: 18 Assessor's Parcel #: 43 Assessor Parcel Ltr: B Add'l Parcels: No Assessor Number: 144-18-043-B Legal: ORCHARD ADD LOT 8 BLK 10 W 436.38' OF N 129' EX W 30' Census Tract: 92802 Tax Municipality: Maricopa - COUNTY Taxes: 3215 Tax Year: 2021 Marketing Name: Escondido Apartments

General Property Description

Lot Size Dimensions: 52,408 Year Built: 1963 Uncvrd Parking Spcs: 4 Total # of Units: 10 # of Buildings: 2 Zoning: R-3 Elem School Dist #: 040 - Glendale Elementary District High School Dist #: 040 - Glendale Elementary District

Remarks & Misc

Cross Street: 60th Ave, N of Rose Ln Directions: N of Bethany Home on 59th Ave, W on W Keim Dr, N on 60th Ave. Property is on the E side Geo Lat: 33.529282 Geo Lon: -112.187688

Status Change Info

Status Change Date: 2021-10-31

Legal Info

Township: 2N Range: 2E Section: 7 Block: 10 Lot Number: 8

Income & Expenses

Annual Elec Exp: 10922.66 Annual Gas Exp: 858.21 Annual Ins Exp: 1400 Annual Landscape Exp: 1350 Annual Maint Exp: 3000 Annual Wtr/Swr Exp: 4812.04 Owner Association: No Annual Other Expense: 2120 Operating Exp: 27677.91 Gross Annual Sch Inc: 126593.39 Other Income: 1440 Vacancy Allowance: 0.01 Adjusted Gross Inc: 126753.06 Net Operating Income: 100325.98

Pmt & Rate Info

Cap Rate: 3.58 Equity: 2799950

Efficiency Units

# Baths: 1

1 Bedroom Units

# 1 Bedroom Units: 6 Avg Rent: 974 Avg SqFt: 550 # Baths: 1

2 Bedroom Units

# 2 Bedroom Units: 3 Avg Rent: 1128 Avg SqFt: 700 # Baths: 1

3 Bedrooms Units

# 3 Bedroom Units: 1 Avg Rent: 1616 Avg SqFt: 900 # Baths: 1

Property Features

Project Type: 5 - 12 Units Construction: Block Const - Finish: Painted Roofing: Comp Shingle Floors: Vinyl; Ceramic Tile Sale Includes: Building(s) Only; Land & Building; Pool Equipment; Laundry Equipment Community Amenities: Pool; Play Area Exterior Amenities: Landscape Wtr System; Green Landscaping; Desert Landscaping; Fenced; Partially Fenced; Satellite Dish; Cable TV Available; Separate Storage Interior Amenities: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds Appliances Included: F/S Oven/Range Heating: Natural Gas; Individual; Heat Pump Cooling: Electric; Heat Pump Water: City Franchise; Master Meter Sewer: Sewer - Public Electric: APS; Individual Meter Gas: SW Gas Parking: >1 Space Per Unit; Free Roads/Streets: Asphalt; Alley Owner Pays: Water; Pool/Spa Maintenance; See Remarks Tenant Pays: Cable TV Source of Fincl Data: Provided by Owner Existing 1st Loan: Treat as Free&Clear Existing 1st Ln Type: Not Applicable Existing 1st Ln Trms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Ln Type: Not Applicable Existing 2nd Ln Trms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Ln Type: Not Applicable Existing 3rd Ln Trms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Conventional; Seller May Carry Reports/Disclosures: None Environmental: None
Listing Office: S.J. Fowler Real Estate, Inc.
Last Updated: November - 26 - 2021
6235 N 60TH Avenue, Glendale, AZ 85301- MLS# 6314785
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