$594,000
Glendale, AZ 85301
MLS# 6914700
Status: UCB (Under Contract-Backups)
1 / 4
Property Description
FANTASTIC LOCATION! Cash cow with long term tenants. Located within walking distance to Historic Glendale shopping and restaurant fare. Minutes on Grand Ave puts you in downtown Phoenix. Close to all Westgate amenities and spring training venues. Studio units sustainably developed with tile counter tops, tiled showers, tiled floors, with very little to replace. Each unit features a private courtyard patio. Units separately metered for APS. Some deferred maintenance is necessary which is reflected in the price.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $594,000
List Price: $594,000
Status: UCB (Under Contract-Backups)
List Date: 2025-09-03
Location, Tax & Legal
Unit #: 2
Assessor's Map #: 10
Legal Description (Abbrev): ORCHARD ADD AMD PLAT OF BLKS 1,2,3 & 4 PT LOT 2 BLK 38 W2 OF W2
Assessor's Parcel #: 74
Add'l Parcels: Yes
Tax Municipality: Glendale
Census Tract: 92801
Taxes: 648
Legal: ORCHARD ADD AMD PLAT OF BLKS 1,2,3 & 4 PT LOT 2 BLK 38 W2 OF W2
Marketing Name: n/a
House Number: 5911
Compass: W
Street Name: LAMAR
St Suffix: Road
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85301
Zip4: 3129
County Code: Maricopa
Subdivision: ORCHARD ADD BLK 20-21-22, & 38-39-40 AMD
Assessor Number: 144-10-074
Tax Year: 2024
General Property Description
# of Buildings: 3
Uncvrd Parking Spcs: 63
Lot Size Dimensions: 2250
Flood Zone: No
Total # of Units: 6
Elementary School District: Glendale Elementary District
High School District: Glendale Union High School District
Year Built: 1940
Zoning: C-2
Legal Info
Range: 2E
Section: 7
Township: 2N
Lot Number: 2
Project Type
5 - 12 Units: 1
Construction
Block: 1
Const - Finish
Stucco: 1
Roofing
Rolled: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 2349
Annual Land Lse Exp: 0
Annual Landscape Exp: 300
Annual Legal & Acctg: 0
Annual Maint Exp: 1000
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 4327.05
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Operating Exp: 8624.05
Other Income: 0
Vacancy Allowance: 0.02
Adjusted Gross Inc: 65268
Total Monthly Rental Income: 5550
Pmt & Rate Info
Cap Rate: 8.54
Equity: 669000
Down Payment %: 100
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Email: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Window/Wall Unit: 1
Exterior Amenities
Patio/Balcony: 1
Interior Features
Fire/Smoke Alarm(s): 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Free-Standing Electric Oven: 1
Refrigerator: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
1 Space/Unit: 1
Electric
APS: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Landscaping: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
No Carry: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
# Efficiency Units: 6
Avg Rent: 925
Avg SqFt: 333
# Baths: 1
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 59th Ave & Glendale Ave
Directions: One block south of Glendale Ave, turn right on Lamar Rd. Property is on the left.
Geo Lat: 33.536569
Geo Lon: -112.186866
Income Expenses
Gross Annual Sch Inc: 66600
Net Operating Income: 57975.95
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Stucco
Roofing: Rolled
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Patio/Balcony
Interior Features: Fire/Smoke Alarm(s)
Appliances Included: Free-Standing Electric Oven; Refrigerator
Cooling: Window/Wall Unit
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: None
Parking Features: 1 Space/Unit
Road Surface Type: Asphalt
Owner Pays: Water; Landscaping
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Showing Notification Methods: Text; Email
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Cash; VA; FHA; Conventional; No Carry
Environmental: None
Listing Office: Open House Realty
Last Updated: December - 17 - 2025
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