6733 N 54th Avenue, Glendale AZ, 85301
(Pending)
$1,750,000
|
|
MLS# 6687609
Last Updated: 5/5/2024 5:00 AM
Description for
6733 N 54th Avenue
Glendale, AZ 85301
This offering is a 10-unit/four parcel assemblage (sold together only). Long-term owner, self-manages. Attractive Seller Financing is available with 30% down. Near Historic Downtown Glendale on a well-kept residential block. All m-t-m leases. 60% of the units have recent upgrades. The combined sf of the units is about 8700 total sf or $201/sf. The unit mix over nine buildings consists of: (1) 4 bed/2 bath house; (3) 3 bed/1 bath houses; (1) 2 bed/1 bath houses; (4) 1 bed/1 bath units; & (1) Studio unit. Expenses are low. The total utility bill cost is $300/m for w/s/t, electric.Proforma/market rents are about $12,800/month. 7+ CAP after finishing the value-add/maximizing rents. Flexibility to upgrade/sell off each parcel or hold long-term as a package. Buyer to complete/rely on own DD.
Price
$1,750,000
SUGAR ADD BLKS 1-6, 13, 14
Maricopa
6687609
Pending
Description
This offering is a 10-unit/four parcel assemblage (sold together only). Long-term owner, self-manages. Attractive Seller Financing is available with 30% down. Near Historic Downtown Glendale on a well-kept residential block. All m-t-m leases. 60% of the units have recent upgrades. The combined sf of the units is about 8700 total sf or $201/sf. The unit mix over nine buildings consists of: (1) 4 bed/2 bath house; (3) 3 bed/1 bath houses; (1) 2 bed/1 bath houses; (4) 1 bed/1 bath units; & (1) Studio unit. Expenses are low. The total utility bill cost is $300/m for w/s/t, electric.Proforma/market rents are about $12,800/month. 7+ CAP after finishing the value-add/maximizing rents. Flexibility to upgrade/sell off each parcel or hold long-term as a package. Buyer to complete/rely on own DD.
Listing Information
| Property Type: Multi-Family, Other | ||
| 1945 | Block,Stucco | |
2N//
SUGAR ADD BLKS 1-6, 13, 14
See Remarks
Public Sewer
Sewer Connected
Neighborhood
Room Information
Interior Features
Microwave
Ceramic Tile, Vinyl, Carpet, Wood
Central Air, Electric, Heat Pump, Window/Wall Unit
Gas Heat, Electric Heating,
Heat Pump, See Remarks
Exterior / Lot Features
18 Parking Spaces,
On Street, Common
Stucco, Block
Metal, Composition, Rolled, Hot Mop
28000 sf
R-3
Driving Directions
Just a few blocks SE of Historic Downtown Glendale. Grand to 53rd Ave north to Lamar to the property.
Financial Considerations
| 146-05-119 |
| $3,721 |
Conventional, Owner May Carry
Listing Price History
Glendale Real Estate
Glendale is located in Arizona. Glendale, Arizona 85301 has a population of 250,356.
The median household income in Glendale, Arizona 85301 is $37,001. The median household income for the surrounding county is $68,280 compared to the national median of $66,222. The median age of people living in Glendale 85301 is 37 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
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| No information is available for recently sold properties within this search. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 5/4/2024 | Pending | $1,750,000 USD |
|
| 4/5/2024 | Active | $1,750,000 USD |
|
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2023 | $1,251 USD | 0.64% | $33,010 USD | 26.43% |
| 2022 | $1,243 USD | 1.30% | $26,110 USD | 63.60% |
| 2021 | $1,227 USD | -0.97% | $15,960 USD | 11.22% |
| 2020 | $1,239 USD | 1.14% | $14,350 USD | 32.50% |
| 2019 | $1,225 USD | 3.99% | $10,830 USD | - |