$5,900,000
Glendale, AZ 85301
MLS# 5480952
Status: Closed
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Property Description
Maryland West Apartment Homes consists of a 100 unit community over 4.44 acres. 90% of the unit mix are 2 and 3 bedroom units. 15 total buildings (one is the laundry). Same ownership for decades. Value-add opportunity. Buyer to complete and rely on own due diligence. A tour of the property including a vacant unit can be arranged. No showings of occupied units w/out LOI or offer. Please do not walk the property or disturb the tenants.
Details
Maps
Contract Info
Current Price: $5,900,000
Sold Price: $5,900,000
Status: Closed
List Date: 2016-07-29
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: N32
House Number: 4530
Compass: W
Street Name: MCLELLAN
St Suffix: Road
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85301
Zip4: 4237
Country: USA
County Code: Maricopa
Legal Description (Abbrev): TH PT N2 SW4 NE4 DES AS FOL BEG AT A PT 317.20' S & 30' W FR TH NE COR OF SD SW4 NE4 TH S 292.25' TH
Assessor's Map #: 27
Assessor's Parcel #: 1
Assessor Parcel Ltr: E
Add'l Parcels: No
Assessor Number: 146-27-001-E
Legal: TH PT N2 SW4 NE4 DES AS FOL BEG AT A PT 317.20' S & 30' W FR TH NE COR OF SD SW4 NE4 TH S 292.25' TH
Census Tract: 93001
Tax Municipality: Glendale
Taxes: 29975
Tax Year: 2015
Marketing Name: Maryland West 100
General Property Description
Lot Size Dimensions: 4.44 acres
Year Built: 1970
Uncvrd Parking Spcs: 80
Total # of Units: 100
# of Buildings: 15
Zoning: R-4
Elementary School District: Glendale Elementary District
Remarks & Misc
Cross Street: Maryland and 47th Ave
Directions: 1/2 mile north of Bethany Home off of 47th Ave or 45th Ave.
Geo Lat: 33.53352
Geo Lon: -112.156862
Status Change Info
Status Change Date: 2016-12-28
Off Market Date: 2016-12-19
Under Contract Date: 2016-10-27
Close of Escrow Date: 2016-12-28
Sold Price: $5,900,000
Legal Info
Township: 2N
Range: 2E
Section: 9
Income & Expenses
Owner Association: No
Operating Exp: 29975
Pmt & Rate Info
Equity: 5900000
1 Bedroom Units
# 1 Bedroom Units: 10
Avg Rent: 789
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 64
Avg Rent: 850
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 26
Avg Rent: 975
# Baths: 1
Sold Info
Loan Type: Conventional
Loan Years: 25
Payment Type: Balloon
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: 100+ Units
Construction: Frame - Wood; Frame - Metal
Const - Finish: Painted; Stucco
Roofing: Comp Shingle
Floors: Vinyl; Wood; Ceramic Tile; Carpet
Sale Includes: Land & Building; Laundry Equipment
Community Amenities: No Pool; Manager Res/Office; Play Area; Barbecue
Exterior Amenities: Landscape Wtr System; Green Landscaping; Desert Landscaping; Patio/Balcony; Security Light(s)
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds; Drapes
Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Disposal
Heating: Natural Gas; Central
Cooling: Chiller System
Water: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: APS; Master Meter
Gas: SW Gas; Master Meter
Parking: Carport; >1 Space Per Unit; Assigned; Free; Paved Parking
Roads/Streets: Asphalt
Owner Pays: Water; Electric; Gas; Trash Collection; Landscaping
Tenant Pays: Cable TV
Source of Fincl Data: Provided by Owner; Projected Proforma; Books Shwn Accpt Ofr
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional; No Carry; 1031 Exchange
Reports/Disclosures: None
Environmental: None
Listing Office: RE/MAX Platinum Living
Last Updated: November - 01 - 2017
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