7120 N 66TH Drive, Glendale, AZ 85301 (MLS# 6682574)

$730,000

7120 N 66TH Drive
Glendale, AZ 85301
MLS# 6682574
Status: Closed

1 / 5

Property Description
7120 N 66th Drive features four (4) 2 bed / 1 bath units. Features (4) 2-bed / 1-bath. The upgraded units offer new flooring, interior paint, kitchen cabinets, countertops, bathroom vanities, and bathroom finishes as well as brand new parking lot.

Details

Maps

Contract Info

Ownership: Fee Simple

Current Price: $730,000

Sold Price: $730,000

Status: Closed

List Date: 2024-03-26

Location, Tax & Legal

Assessor's Map #: 29

Legal Description (Abbrev): LOT 7 PECAN RIDGE ONE LOT 1-18 TR A MCR 025121

Assessor's Parcel #: 25

Add'l Parcels: No

Tax Municipality: Glendale

Census Tract: 92600

Taxes: 1425

Legal: LOT 7 PECAN RIDGE ONE LOT 1-18 TR A MCR 025121

Marketing Name: 66th Drive Apartments

House Number: 7120

Compass: N

Street Name: 66TH

St Suffix: Drive

City/Town Code: Glendale

State/Province: AZ

Zip Code: 85301

Zip4: 2391

County Code: Maricopa

Subdivision: PECAN RIDGE ONE LOT 1-18 TR A

Assessor Number: 143-29-025

Tax Year: 2023

General Property Description

# of Buildings: 1

Uncvrd Parking Spcs: 8

Lot Size Dimensions: 107.93x64.26x107.93x64.26

Total # of Units: 4

Elementary School District: Glendale Elementary District

High School District: Glendale Union High School District

Year Built: 1987

Zoning: R-3

Legal Info

Range: 2E

Section: 6

Township: 2N

Lot Number: 7

Project Type

Four Plex: 1

Construction

Wood Frame: 1

Const - Finish

Stucco: 1

Roofing

Composition: 1

Floors

Vinyl: 1

Sale Includes

Building(s) Only: 1

Income & Expenses

Owner Association: No

Annual Ownr Asoc Fee: 0

Operating Exp: 1425

Other Income: 2400

Vacancy Allowance: 0.05

Adjusted Gross Inc: 68400

Pmt & Rate Info

Cap Rate: 6.86

Equity: 765000

Down Payment %: 0

Monthly Payments: 0

Total Owed: 0

Showing Notification Methods

Showing Service: Aligned Showings

Lockbox Type

None: 1

Community Features

No Pool: 1

Heating

Individual: 1

Cooling

Electric: 1

Tenant Pays

Electricity: 1

Appliances Included

Disposal: 1

Refrigerator: 1

Free-Standing Range: 1

Road Surface Type

Treated: 1

Source of Fincl Data

Projected Proforma: 1

Water Source

City Franchise: 1

Sewer

Sewer - Public: 1

Parking Features

On Street: 1

>1 Space Per Unit: 1

Electric

APS: 1

Gas

SW Gas: 1

Owner Pays

Water: 1

Sewer: 1

Trash Collection: 1

Landscaping: 1

New Financing

Cash: 1

Conventional: 1

Reports/Disclosures

None: 1

Environmental

None: 1

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

2 Bedroom Units

# 2 Bedroom Units: 4

Avg Rent: 1450

Avg SqFt: 750

# Baths: 1

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Sold Info

Loan Type: Conventional

Loan Years: 30

Closing Cost Split: Normal - N

Payment Type: Fixed

Buyer Concession to Seller: 0

Buyer Concession $/%: $

Seller Concession to Buyer: 0

Seller Concession $/%: $

Remarks Misc

Geo Lat: 33.540715

Geo Lon: -112.201887

Status Change Info

Off Market Date: 2024-05-07

Under Contract Date: 2024-03-26

Close of Escrow Date: 2024-04-25

Sold Price: $730,000

Income Expenses

Gross Annual Sch Inc: 69600

Net Operating Income: 52442

Property Features

Project Type: Four Plex

Construction: Wood Frame

Const - Finish: Stucco

Roofing: Composition

Floors: Vinyl

Sale Includes: Building(s) Only

Community Features: No Pool

Appliances Included: Free-Standing Range; Refrigerator; Disposal

Heating: Individual

Cooling: Electric

Water Source: City Franchise

Sewer: Sewer - Public

Electric: APS

Gas: SW Gas

Parking Features: On Street; >1 Space Per Unit

Road Surface Type: Treated

Owner Pays: Water; Trash Collection; Landscaping

Tenant Pays: Electricity

Source of Fincl Data: Projected Proforma

Lockbox Type: None

New Financing: Cash; Conventional

Environmental: None

Listing Office: ABI Multifamily

Last Updated: May - 07 - 2024