NOT LISTED FOR SALE

6743 W Myrtle Ave Glendale, AZ 85303

Glendale Area

Estimated Value: $332,201 - $687,000

Studio
-- Bath
2,760 Sq Ft
$194/Sq Ft Est. Value

Sale Details

Date Sold: January 22, 2013

Last sale price $130,000 $47 Per Sq Ft

Est. 312% increase in value since last sale

Current estimated payment $3,045 / mo

14 Days on Market

About This Home

As of January 2013

SELLER MAY CARRY. This is an excellent opportunity to purchase a building with (4) 2BD/1BA units. Unit #3 has upwards of $60K in renovation costs including new flooring, tile, A/C Unit, Paint, Kitchen Cabinets. 2 more units have new floors and paint and need basic cosmetic work, last unit needs work. Missing 3 A/C Units. The Building is being sold As-Is. Situated 3 miles east of the Glendale sport stadiums and less than a mile from the US-60. This property has desert landscaping making it easy to maintain. For the Investor: this property will bring in total rents of $21,600 less 10% vacancy of -$2,160 per year so $19,440 adjusted gross income. Then after projected expenses of $8,882 the amount an investor would pocket is $10,558 per year based on pro forma. This is a 8.12% CAP Rate

Last Agent to Sell the Property

Linda Gerchick

Gerchick Real Estate License #BR114848000 Listed on: 12/11/2012

Co-Listed By

Patrick O'Sullivan

Get Multifamily License #BR634211000

Last Buyer's Agent

David Furnia

Coldwell Banker Realty License #SA635310000

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,021

Year Built

  • Built in 1980

Lot Details

  • 7,449

Home Design

  • Brick Exterior Construction
  • Built-Up Roof
  • Block Exterior

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces

Schools

  • Desert Spirit Elementary And Middle School
  • Glendale High School

Utilities

  • Cooling Available
  • Heating Available
  • Separate Meters

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 8
  • Assessor Parcel Number 143-28-084

Community Details

Overview

  • 4 Units
  • Building Dimensions are 7427
  • Tang Gardens Subdivision

Building Details

  • Gross Income $19,440
  • Net Operating Income $10,558

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,021

Year Built

Built in 1980

Lot Details

7,449 Sq Ft Lot

Listing Details

  • Cross Street: 67th Ave. & West Glendale Ave.
  • Legal Info Range: 1E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Year Built: 1980
  • Tax Year: 2012
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1361.0
  • Co List Office Mls Id: gerc01
  • Co List Office Phone: 602-688-9279
  • Subdivision Name: Tang Gardens
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block, Brick
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 3000.0

Schools

  • Elementary School: Desert Spirit
  • High School: Glendale High School
  • Middle Or Junior School: Desert Spirit

Lot Info

  • Lot Size: 7427
  • Additional Parcels: No
  • Parcel #: 143-28-084

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Electric Expense: 200.0
  • Annual Gross Income: 19440.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 1600.0
  • Property Net Operating Income: 10558.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 1021.32
  • Tax Book Number: 143.00
  • Tax Lot: 8

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 23, 2021
Sold by
Bought by
Current Estimated Value
$535,067

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,500,000
Interest Rate
0.027%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 24, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
0.0362%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 10, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
0.0362%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 8, 2015
Sold by
Bought by

Purchase Details

Listed on
Dec 11, 2012
Closed on
Jan 18, 2013
Sold by
Bought by
Seller's Agent
Linda Gerchick
Gerchick Real Estate
Buyer's Agent
David Furnia
Coldwell Banker Realty
List Price
$130,000
Sold Price
$130,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.02%
Original Mortgage
$112,000
Interest Rate
0.0331%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 14, 2011
Sold by
Bought by

Purchase Details

Closed on
Jan 10, 2011
Sold by
Bought by

Purchase Details

Closed on
Jun 4, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,250
Interest Rate
0.0503%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 29, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,400
Interest Rate
0.0675%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 5, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,037
Interest Rate
0.0673%
Mortgage Type
FHA

Purchase Details

Closed on
May 20, 1999
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Chicago Title Agency Inc
-- Grand Canyon Title Agency
-- Grand Canyon Title Agency
-- Grand Canyon Title Agency
-- None Available
$125,000 Grand Canyon Title Agency In
$85,000 Magnus Title Agency
-- Magnus Title Agency
$82,001 None Available
$270,500 --
$127,000 Century Title Agency
$397,000 Fidelity Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $3,500,000
Previous Owner $125,000
Previous Owner $110,000
Previous Owner $110,000
Previous Owner $112,000
Previous Owner $57,250
Previous Owner $216,400
Previous Owner $174,000
Previous Owner $125,037
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/22/2013 01/22/13 Sold $130,000 0.0% $47 / Sq Ft
12/25/2012 12/25/12 Pending -- -- --
12/11/2012 12/11/12 For Sale $130,000 -- $47 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,565 $11,280
2024 $1,380 $10,743
2023 $1,380 $36,350 $7,270 $29,080
2022 $1,371 $26,080 $5,210 $20,870
2021 $1,354 $23,650 $4,730 $18,920
2020 $1,366 $21,510 $4,300 $17,210
2019 $1,351 $16,650 $3,330 $13,320
2018 $1,300 $13,510 $2,700 $10,810
2017 $1,314 $11,210 $2,240 $8,970
2016 $1,238 $11,060 $2,210 $8,850
2015 $1,149 $12,110 $2,420 $9,690
Source: Public Records

Agents Affiliated with this Home

  • Linda Gerchick

    Seller's Agent in 2013

    Linda Gerchick

    Gerchick Real Estate

    (602) 688-9279

    99 Total Sales

    Linda Gerchick
    Section Image
  • Patrick O'Sullivan

    Seller Co-Listing Agent in 2013

    Patrick O'Sullivan

    Get Multifamily

    (602) 842-5050

    24 Total Sales

    Patrick O'Sullivan
    Section Image
  • David Furnia

    Buyer's Agent in 2013

    David Furnia

    Coldwell Banker Realty

    (602) 463-4521

    115 Total Sales

    David Furnia
    Section Image

  • c

    Buyer's Agent in 2013

    ctf David Furnia

    Realty One Group

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4861474

Arizona Regional Multiple Listing Service (ARMLS)

APN: 143-28-084

Arizona Maricopa County Glendale 85301

6743 W Myrtle Ave, Glendale, AZ

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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