NOT LISTED FOR SALE

7011 N 68th Dr Glendale, AZ 85303

32 Beds
-- Bath
1,200 Sq Ft
1968 Built

Last Sold January 15, 2016

Last sale price $600,000 $500 Per Sq Ft

13 Days on Market

Highlights

  • Multiple cooling system units
  • Carpet
  • Heating Available
  • Community Playground

About This Home

As of January 2016

Investors only, this property needs a complete rehab. This property consists of two parcels, the second is 143 28 009-A at the same address. There are 12 one bedroom units ( area rents are about $500 each) and 10 two bedroom units (area rents are about $650 each), all of which will need attention. Many of the HVAC unit are newer and the bones are good, however the City needs to approve all renovations at this point. If fully rented the project would have a value of almost $1.3MM at a 6 CAP. However the project will need substantial work to get to that point. Please note that apartment mix is per seller, listing agents have not verified the mix.

Last Agent to Sell the Property

Vince Davis

West USA Realty License #BR103210000 Listed on: 11/22/2015

West USA Realty

Co-Listed By

Nicole Drew

West USA Realty License #SA647899000

Last Buyer's Agent

Jody Dents

HomeSmart License #SA543145000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,478

Year Built

  • Built in 1968

Home Design

  • Block Exterior
  • Stucco

Flooring

  • Carpet
  • Vinyl

Parking

  • 18 Open Parking Spaces
  • 18 Parking Spaces
  • Free Parking

Lot Details

  • Additional Parcels

Schools

  • Desert Spirit Elementary And Middle School
  • Glendale High School

Utilities

  • Multiple cooling system units
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 3
  • Assessor Parcel Number 143-28-011-A

Community Details

Overview

  • 3 Buildings
  • 22 Units
  • Building Dimensions are Unknown
  • Glen West Estates Subdivision

Recreation

  • Community Playground

Building Details

  • Operating Expense $58,678
  • Gross Income $77,700
  • Net Operating Income $83,575

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,478

Year Built

Built in 1968

Listing Details

  • Cross Street: 67th Ave and Glendale
  • Legal Info Range: 1E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1968
  • Tax Year: 2015
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s)
  • Professional Management Expense: 12200.0
  • Co List Office Mls Id: wusa04
  • Co List Office Phone: 480-820-3333
  • Subdivision Name: GLEN WEST ESTATES
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: None
  • Appliances Included:None38: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Block
  • Roof: See Remarks
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Free, Add'l Parking Avail, 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 18.0
  • Total Parking Spaces: 18.0
  • General Property Description:Uncvrd Parking Spcs: 18.0
  • General Property Description:Total Parking Spcs: 18.0
  • Parking:Free: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: 2 or More Units, Individual, Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Play Area, No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes
  • Community Amenities:Play Area: Yes

Fee Information

  • Trash Expense: 1800.0
  • Annual Water Sewer Expense: 9000.0

Schools

  • Elementary School: Desert Spirit
  • High School: Glendale High School
  • Junior High Dist: Glendale Union High School District
  • Middle Or Junior School: Desert Spirit

Lot Info

  • Lot Size: Unknown
  • Additional Parcels: Yes
  • Parcel #: 143-28-011-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 22
  • Electric Expense: 1800.0
  • Annual Gross Income: 77700.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 24000.0
  • Property Net Operating Income: 83575.0
  • Annual Operating Expense: 58678.0
  • Vacancy Allowance Rate: 0.5

Tax Info

  • Tax Annual Amount: 2478.0
  • Tax Book Number: 143.00
  • Tax Lot: 3
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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
01/15/2016 01/15/16 Sold $600,000 -25.0% $500 / Sq Ft
12/05/2015 12/05/15 Pending -- -- --
11/22/2015 11/22/15 For Sale $800,000 -- $667 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Agents Affiliated with this Home

  • V

    Seller's Agent in 2016

    Vince Davis

    West USA Realty

    (480) 720-4040

    1 in this area

    45 Total Sales

    Vince Davis
    Section Image
  • Nicole Drew

    Seller Co-Listing Agent in 2016

    Nicole Drew

    West USA Realty

    (480) 385-9107

    57 Total Sales

    Nicole Drew
    Section Image

  • J

    Buyer's Agent in 2016

    Jody Dents

    HomeSmart

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5365840

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Glendale 85303

7011 N 68th Dr, Glendale, AZ

Not Listed for Sale

MultiFamily

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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