3629 E GLENROSA Avenue, Phoenix, AZ 85018
$900,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$865,000
Last Modified:
6/17/2021
Description
The 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 apartment complex also has an easily accessible laundry facility on the right side of the building.
This rare opportunity is located right in the heart of Arcadia, in the highly sought-after 85018 zip code, just minutes away from Biltmore Fashion Park. 3629 East Glenrosa Avenue is in close proximity to various boutique eateries such as La Grande Orange, Postino, and Ingo's. It is virtually equal
Supplements: distance to Camelback Mountain's hiking trails, the historic Biltmore Golf Club, Old Town Scottsdale, Phoenix Sky Harbor and the heart of Downtown Phoenix. Given the location of this rarely available apartment community, there is room for investors to renovate the interior to maximize rental increase potential.
More Information MLS# 6173652
Contract Info
Current Price: $865,000
Sold Price: $865,000
Status: Closed
List Date: 2020-12-21
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: P35
House Number: 3629
Compass: E
Street Name: GLENROSA
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85018
Zip4: 4067
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 9 CAMELBACK HORIZONS MCR 007832
Subdivision: CAMELBACK HORIZONS
Assessor's Map #: 31
Assessor's Parcel #: 30
Add'l Parcels: No
Assessor Number: 170-31-030
Legal: LOT 9 CAMELBACK HORIZONS MCR 007832
Census Tract: 108302
Tax Municipality: Phoenix
Taxes: 3062
Tax Year: 2020
Marketing Name: 3629 E Glenrosa Ave
General Property Description
Lot Size Dimensions: 86 x 135
Year Built: 1959
Uncvrd Parking Spcs: 4
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: -112.0028
Status Change Info
Status Change Date: 2021-06-16
Off Market Date: 2021-06-16
Under Contract Date: 2021-04-23
Close of Escrow Date: 2021-06-16
Sold Price: $865,000
Legal Info
Township: 2N
Range: 3E
Section: 24
Lot Number: 9
Income & Expenses
Owner Association: No
Operating Exp: 3062
Gross Annual Sch Inc: 62143
Other Income: 400
Vacancy Allowance: 5
Adjusted Gross Inc: 250172
Net Operating Income: 47496
Pmt & Rate Info
Cap Rate: 4.95
Down Payment %: 30
Monthly Payments: 2743.75
Equity: 960000
1 Bedroom Units
# 1 Bedroom Units: 3
Avg Rent: 860
Avg SqFt: 702
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1173
Avg SqFt: 864
# Baths: 1
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
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; Carpet
Sale Includes: Other (See Remarks)
Community Amenities: No Pool
Appliances Included: BI Oven/Range; Refrigerator; Microwave; Washer/Dryer; Other (See Remarks)
Heating: Individual
Cooling: Electric
Water: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: SW Gas; Individual Meter
Parking: Carport; Street Parking
Roads/Streets: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Water; Sewer; Trash; Landscaping
Source of Fincl Data: Projected Proforma
Showing Notification Methods: Phone Call
Lockbox Type: None
New Financing: VA; FHA; Conventional; Other (See Remarks)
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Listing Office: ABI Multifamily
Last Updated: June - 17 - 2021
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