3615 E GLENROSA Avenue, Phoenix, AZ 85018
$1,450,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$1,250,000
Last Modified:
7/30/2022
Description
This 4 unit apartment community was built in 1959 and consists of (3) 1-bedroom / 1-bathroom units and (1) 2-bedroom / 1-bathroom unit. The exterior is in great condition and has clean, easy to maintain desert landscape which provides attention-grabbing curb appeal. Each unit boasts an individual private patio and a personal covered parking spot in the carport located at the back of the complex. The community also has an easily accessible laundry room for the 2-bedroom/1-bathroom unit that could be transformed into a community laundry facility. is in close proximity to various boutique eateries such as La Grande Orange, and Ingo's Tasty Food. It is virtually equal distance to Camelback Mountain's hiking trails, the historic Biltmore Golf Club, Old Town Scottsdale, & Phoenix Sky Harbor.
More Information MLS# 6408667
Contract Info
Current Price: $1,250,000
Sold Price: $1,250,000
Status: Closed
List Date: 2022-05-31
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: P35
House Number: 3615
Compass: E
Street Name: GLENROSA
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85018
Zip4: 4065
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 5 CAMELBACK HORIZONS MCR 007832
Subdivision: CAMELBACK HORIZONS
Assessor's Map #: 31
Assessor's Parcel #: 26
Add'l Parcels: No
Assessor Number: 170-31-026
Legal: LOT 5 CAMELBACK HORIZONS MCR 007832
Census Tract: 108302
Tax Municipality: Phoenix
Taxes: 3127
Tax Year: 2021
Marketing Name: 3615 East Glenrosa Avenue
General Property Description
Lot Size Dimensions: 11,100
Year Built: 1959
Total # of Units: 4
# of Buildings: 1
Zoning: R-3
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Geo Lat: 33.498131
Geo Lon: -112.003368
Status Change Info
Status Change Date: 2022-07-30
Off Market Date: 2022-07-30
Under Contract Date: 2022-07-06
Close of Escrow Date: 2022-07-29
Sold Price: $1,250,000
Legal Info
Township: 2N
Range: 3E
Section: 24
Lot Number: 5
Income & Expenses
Owner Association: No
Operating Exp: 3127
Gross Annual Sch Inc: 49452
Other Income: 400
Vacancy Allowance: 0.05
Adjusted Gross Inc: 47359.4
Net Operating Income: 31133
Pmt & Rate Info
Cap Rate: 2.15
Equity: 1450000
1 Bedroom Units
# 1 Bedroom Units: 3
Avg Rent: 896
Avg SqFt: 606
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1432
Avg SqFt: 900
# Baths: 1
Sold Info
Loan Type: Cash
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Amenities: No Pool
Exterior Amenities: Desert Landscaping
Appliances Included: F/S Oven/Range; Refrigerator
Cooling: Electric
Water: City Franchise
Sewer: Sewer - Public
Electric: Other (See Remarks)
Gas: SW Gas
Parking: 1 Space/Unit
Roads/Streets: Asphalt; Concrete
Owner Pays: Water; Trash Collection
Tenant Pays: Water; Sewer; Trash
Source of Fincl Data: Provided by Owner; Projected Proforma
Showing Notification Methods: Text
Lockbox Type: None
New Financing: VA; FHA; Conventional; Seller May Carry
Reports/Disclosures: None
Environmental: None
Listing Office: ABI Multifamily
Last Updated: July - 30 - 2022
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