$5,900,000
Glendale, AZ 85301
MLS# 5480952
Status: Closed
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Property Description
Maryland West Apartment Homes consists of a 100 unit community over 4.44 acres. 90% of the unit mix are 2 and 3 bedroom units. 15 total buildings (one is the laundry). Same ownership for decades. Value-add opportunity. Buyer to complete and rely on own due diligence. A tour of the property including a vacant unit can be arranged. No showings of occupied units w/out LOI or offer. Please do not walk the property or disturb the tenants.
Details
Contract Info
Ownership: Fee Simple
Current Price: $5,900,000
Sold Price: $5,900,000
Status: Closed
List Date: 2016-07-29
Location, Tax & Legal
Assessor's Map #: 27
Legal Description (Abbrev): TH PT N2 SW4 NE4 DES AS FOL BEG AT A PT 317.20' S & 30' W FR TH NE COR OF SD SW4 NE4 TH S 292.25' TH
Assessor's Parcel #: 1
Assessor Parcel Ltr: E
Add'l Parcels: No
Tax Municipality: Glendale
Census Tract: 93001
Taxes: 29975
Legal: TH PT N2 SW4 NE4 DES AS FOL BEG AT A PT 317.20' S & 30' W FR TH NE COR OF SD SW4 NE4 TH S 292.25' TH
Marketing Name: Maryland West 100
Map Code/Grid: N32
House Number: 4530
Compass: W
Street Name: MCLELLAN
St Suffix: Road
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85301
Zip4: 4237
County Code: Maricopa
Assessor Number: 146-27-001-E
Tax Year: 2015
General Property Description
# of Buildings: 15
Uncvrd Parking Spcs: 80
Lot Size Dimensions: 4.44 acres
Total # of Units: 100
Elementary School District: Glendale Elementary District
Year Built: 1970
Zoning: R-4
Legal Info
Range: 2E
Section: 9
Township: 2N
Project Type
100+ Units: 1
Construction
Wood Frame: 1
Steel Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Wood: 1
Ceramic Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
Laundry Equipment: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 29975
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Pmt & Rate Info
Down Payment: 0
Equity: 5900000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Community Features
No Pool: 1
Manager Res/Office: 1
Play Area: 1
Barbecue: 1
Heating
Natural Gas: 1
Central: 1
Cooling
Chiller System: 1
Exterior Amenities
Landscape Water System: 1
Green Landscaping: 1
Desert Landscaping: 1
Patio/Balcony: 1
Security Light(s): 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Mini Blinds: 1
Drapes: 1
Tenant Pays
Cable TV: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Refrigerator: 1
Free-Standing Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Books Shwn Accpt Ofr: 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
Free: 1
>1 Space Per Unit: 1
Paved: 1
Assigned: 1
Electric
APS: 1
Master Meter: 1
Gas
SW Gas: 1
Master Meter: 1
Owner Pays
Water: 1
Sewer: 1
Electric: 1
Gas: 1
Trash Collection: 1
Landscaping: 1
New Financing
Conventional: 1
No Carry: 1
1031 Exchange: 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
# 1 Bedroom Units: 10
Avg Rent: 789
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 64
Avg Rent: 850
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 26
Avg Rent: 975
# Baths: 1
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Loan Years: 25
Closing Cost Split: Normal - N
Payment Type: Balloon
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: Maryland and 47th Ave
Directions: 1/2 mile north of Bethany Home off of 47th Ave or 45th Ave.
Geo Lat: 33.53352
Geo Lon: -112.156862
Status Change Info
Off Market Date: 2016-12-19
Under Contract Date: 2016-10-27
Close of Escrow Date: 2016-12-28
Sold Price: $5,900,000
Property Features
Project Type: 100+ Units
Construction: Wood Frame; Steel Frame
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Vinyl; Wood; Ceramic Tile; Carpet
Sale Includes: Land & Building; Laundry Equipment
Community Features: No Pool; Manager Res/Office; Play Area; Barbecue
Exterior Amenities: Landscape Water System; Green Landscaping; Desert Landscaping; Patio/Balcony; Security Light(s)
Interior Features: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds; Drapes
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal
Heating: Natural Gas; Central
Cooling: Chiller System
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: APS; Master Meter
Gas: SW Gas; Master Meter
Parking Features: Carport; >1 Space Per Unit; Assigned; Free; Paved
Road Surface Type: Asphalt
Owner Pays: Water; Electric; Gas; Trash Collection; Landscaping
Tenant Pays: Cable TV
Source of Fincl Data: Owner; Projected Proforma; Books Shwn Accpt Ofr
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: Conventional; No Carry; 1031 Exchange
Environmental: None
Listing Office: RE/MAX Platinum Living
Last Updated: December - 13 - 2024
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