NOT LISTED FOR SALE

6727 N 61st Ave Glendale, AZ 85301

2 Beds
1 Bath
500 Sq Ft
0.41 Acres

Last Sold December 21, 2020

Last sale price $1,220,000 $2,440 Per Sq Ft

17 Days on Market

Highlights

  • Community Playground
  • Central Heating and Cooling System
  • Vinyl Flooring
  • Community Barbecue Grill
  • Ceiling Fan
  • 4-minute walk to Lawrence Park

About This Home

As of December 2020

Glenwest Apartments offers a classic garden-style 10-unit
apartment home community that was updated in 2020 to
attract the young professional. Glenwest is located along
Grand and 61st Avenue and is just minutes from community
hubs, such as, State Farm Stadium, Grand Canyon University,
Westgate Entertainment District and Abrazo Central Campus
as well as walking distance to Lawrence Park and Downtown
Glendale. Glenwest Apartment Homes provides an investor a
remarkable opportunity for immediate value along with considerable
upside potential.

Last Agent to Sell the Property

Amanda Cinq-Mars

Instasold License #BR681324000 Listed on: 10/20/2020

Instasold

Last Buyer's Agent

Jim Schaller

Schaller Real Estate, LLC License #BR022809000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,230

Year Built

  • Built in 1966

Lot Details

  • 0.41

Home Design

  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Vinyl Flooring

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces
  • Paved Parking

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for trash collection, water, sewer
  • The owner pays for gas, water, sewer
  • Legal Lot and Block 19 / 40
  • Assessor Parcel Number 144-10-156-A

Community Details

Overview

  • 2 Buildings
  • 10 Units
  • Building Dimensions are 17,955
  • Orchard Add Blk 20 21 22, & 38 39 40 Amd Subdivision

Amenities

  • Community Barbecue Grill

Recreation

  • Community Playground

Building Details

  • Operating Expense $3,230
  • Gross Income $109,725
  • Net Operating Income $78,911

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,230

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Cross Street: 61st ave & Glendale Ave
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: M-M
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1966
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Subdivision Name: ORCHARD ADD BLK 20-21-22, & 38-39-40 AMD
  • Tax Parcel Letter: A
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: F/S Oven/Range, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: See Remarks
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved Parking, Add'l Parking Avail, 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Ceiling Fan(s), Heat Pump, Individual, Central A/C
  • Heating: Individual, Central, Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: Barbecue, Play Area

Association/Amenities

  • Community Amenities:Barbecue: Yes
  • Community Amenities:Play Area: Yes

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: 17,955
  • Additional Parcels: No
  • Parcel #: 144-10-156-A

Multi Family

  • Owner Pays: Gas, Water, Sewer
  • Tenant Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 10
  • Annual Gross Income: 109725.0
  • Property Net Operating Income: 78911.0
  • Annual Operating Expense: 3230.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 3230.0
  • Tax Block: 40
  • Tax Book Number: 144.00
  • Tax Lot: 19

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/21/2020 12/21/20 Sold $1,220,000 -5.4% $2,440 / Sq Ft
11/06/2020 11/06/20 Pending -- -- --
10/20/2020 10/20/20 For Sale $1,290,000 +279.4% $2,580 / Sq Ft
10/17/2014 10/17/14 Sold $340,000 -20.0% $680 / Sq Ft View Prior Sale
08/06/2014 08/06/14 Pending -- -- --
09/18/2013 09/18/13 For Sale $425,000 +66.7% $850 / Sq Ft
06/06/2012 06/06/12 Sold $255,000 -5.6% $331 / Sq Ft View Prior Sale
05/08/2012 05/08/12 Pending -- -- --
04/04/2012 04/04/12 For Sale $270,000 -- $351 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6149239

Arizona Regional Multiple Listing Service (ARMLS)