$700,000
6633 N 58TH Drive
Glendale, AZ 85301
MLS# 5897390



6633 N 58TH Drive, Glendale, AZ 85301
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6633 N 58TH Drive, Glendale, AZ 85301 6633 N 58TH Drive, Glendale, AZ 85301 6633 N 58TH Drive, Glendale, AZ 85301 6633 N 58TH Drive, Glendale, AZ 85301 6633 N 58TH Drive, Glendale, AZ 85301 6633 N 58TH Drive, Glendale, AZ 85301 6633 N 58TH Drive, Glendale, AZ 85301 6633 N 58TH Drive, Glendale, AZ 85301 6633 N 58TH Drive, Glendale, AZ 85301 6633 N 58TH Drive, Glendale, AZ 85301 6633 N 58TH Drive, Glendale, AZ 85301 6633 N 58TH Drive, Glendale, AZ 85301 6633 N 58TH Drive, Glendale, AZ 85301 6633 N 58TH Drive, Glendale, AZ 85301 6633 N 58TH Drive, Glendale, AZ 85301 6633 N 58TH Drive, Glendale, AZ 85301 6633 N 58TH Drive, Glendale, AZ 85301

Property Description
8.4% projected proforma from this solid C class ten-plex that was just refreshed with new paint in and out, stucco, new doors, light fixtures, some plumbing fixtures, ceiling replaced and roof repairs made, two new gas water heaters and rerun electrical throughout! 8 new tenants with guaranteed rents, two leases that will finish out this year and can be increased at that point (June and Oct). This property has individually metered electric, although the landlord pays all utilities (except 2 existing leases) with the almost all government guaranteed rents! Security cameras convey with the property. DRIVE BY ONLY-DO NOT DISTURB TENANTS No sign and No interior showing until we have an accepted purchase contract. Buyer to measure and verify any facts or figures

Details
Maps
Contract Info
Current Price: $700,000
List Price: $700,000
Location, Tax & Legal
Map Code/Grid: N32
House Number: 6633
Compass: N
Street Name: 58TH
St Suffix: Drive
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85301
Zip4: 3905
Country: USA
County Code: Maricopa
Subdivision: GLENDALE BLKS 42-46
Assessor's Book #: 146.00
Assessor Number: 146-03-047
Taxes: 3724
Marketing Name: GLENDALE BLKS
General Property Description
Apx Lot Size Range: 100 x 140
Year Built: 1945
Total Parking Spcs: 14
Zoning: M1
Elementary School: Glendale American School
Jr. High School: Glendale Landmark Middle School
High School: Glendale High School
Elem School Dist #: 040 - Glendale Elementary District
High School Dist #: 205 - Glendale Union High School District
Remarks & Misc
Geo Lat: 33.534422
Geo Lon: -112.184633
Status Change Info
Status Change Date: 2019-03-16
Status: Active
Legal Info
Township: 2N
Range: 2E
Section: 8
Block: 43
Lot Number: 21
Income & Expenses
Annual Elec Exp: 14400
Annual Gas Exp: 1000
Annual Ins Exp: 1500
Annual Maint Exp: 1000
Annual Trash Exp: 3200
Annual Wtr/Swr Exp: 5000
Owner Association: No
Annual Rplcmnt Rsrvs: 1000
Operating Exp: 30824
Gross Annual Sch Inc: 107723
Vacancy Allowance: 0.03
Adjusted Gross Inc: 104491.31
Totl Mnth Rntal Inc: 8977
Net Operating Income: 68281
Pmt & Rate Info
Cap Rate: 9.12
Equity: 749000
Efficiency Units
# Efficiency Units: 1
Avg Rent: 727.28
Avg SqFt: 350
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 7
Avg Rent: 862.25
Avg SqFt: 500
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1106.94
Avg SqFt: 700
# Baths: 1
Property Features
Project Type: 5 - 12 Units
Construction: Block; Frame - Wood
Const - Finish: Painted; Stucco
Roofing: Comp Shingle
Floors: Ceramic Tile
Sale Includes: Land & Building; Personal Property
Community Amenities: No Pool
Exterior Amenities: Desert Landscaping; Fenced; Cable TV Available; Patio/Balcony; Security Light(s)
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: F/S Oven/Range; Refrigerator
Heating: Electric; Individual
Cooling: Electric Refrigeratd; Individual; Central A/C
Water: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking: Street Parking; >1 Space Per Unit; Free; Paved Parking
Roads/Streets: Asphalt/Blacktop; Private Street
Owner Pays: Water; Electric; Gas; Trash; Landscaping
Tenant Pays: Cable TV
Source of Fincl Data: Provided by Owner; Projected Proforma
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: Other (See Remarks)
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

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Listing Office: Tru Realty

Last Updated: April - 16 - 2019

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Thursday 25th of April 2019 09:47 AM