NOT LISTED FOR SALE

7040 NW Grand Ave Unit 1-9 Glendale, AZ 85301

8 Beds
9 Baths
1,850 Sq Ft
1954 Built

Last Sold September 25, 2021

Last sale price $650,000 $351 Per Sq Ft

3 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Ceramic Tile Flooring
  • Heat Pump System

About This Home

As of September 2021

What a wonderful opportunity for the right investor. This 9-unit property has a ton of potential on just under ¾ of an acre. 2 confluent buildings with room onsite to develop. Mixed unit base with one 2-bedroom, six 1-bedroom, and two studios. 3 new septic tanks installed in 2016

Last Agent to Sell the Property

Joe Edwards

AMS License #BR648630000 Listed on: 09/07/2021

Last Buyer's Agent

Joe Edwards

AMS License #BR648630000 Listed on: 09/07/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,773

Year Built

  • Built in 1954

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Composition Roof
  • Block Exterior

Flooring

  • Concrete
  • Ceramic Tile
  • Vinyl

Parking

  • 20 Open Parking Spaces
  • 20 Parking Spaces
  • Over 1 Space Per Unit
  • Free Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Heat Pump System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 143-23-029A
  • Assessor Parcel Number 143-23-029-A

Community Details

Overview

  • 2 Buildings
  • 9 Units
  • Building Dimensions are Multifamily

Building Details

  • Operating Expense $1,773
  • Gross Income $6,460
  • Net Operating Income $5,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,773

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Cross Street: Grand Ave & Northern Ave
  • Legal Info Range: 1E
  • Property Type: Multiple Dwellings
  • Zoning: c3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1954
  • Tax Year: 2021
  • Road Surface Type: Gravel, Dirt
  • Tax Parcel Letter: A
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl, Concrete
  • Appliances: Built-In Range, Refrigerator
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Brick Veneer, Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Free, Add'l Parking Avail, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 20.0
  • Total Parking Spaces: 20.0
  • General Property Description:Uncvrd Parking Spcs: 20.0
  • General Property Description:Total Parking Spcs: 20.0
  • Parking Features Free2: Yes
  • Parking Features >1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Central Air, Window/Wall Unit, Electric, Individual
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Satellite Dish: Yes

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: Multifamily
  • Additional Parcels: No
  • Parcel #: 143-23-029-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 9
  • Annual Gross Income: 6460.0
  • Property Net Operating Income: 5000.0
  • Annual Operating Expense: 1773.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1773.0
  • Tax Book Number: 143.00
  • Tax Lot: 143-23-029A

Range of Values:

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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 Change Sq Ft Price
09/25/2021 09/25/21 Sold $650,000 0.0% $351 / Sq Ft
09/10/2021 09/10/21 Pending -- -- --
09/07/2021 09/07/21 For Sale $650,000 -- $351 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Joe Edwards

    AMS

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6290050

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Maricopa County Glendale 85301

7040 NW Grand Ave Unit 1-9, Glendale, AZ

This home is located at 7040 NW Grand Ave Unit 1-9, Glendale, AZ 85301 since 07 September 2021. This property was built in 1954. 7040 NW Grand Ave Unit 1-9 is a home located in Maricopa County with nearby schools including Glendale Landmark Middle School and Glendale High School.

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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