2602 W GLENROSA Avenue, Phoenix, AZ 85017
$4,450,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$4,450,000
Last Modified:
1/24/2025
Overview
Description
CLICK DOCUMENTS TAB FOR PROPERTY FLIER
Listing Details MLS# 5882309
Location, Tax & Legal
- Map Code/Grid
- P33
- House Number
- 2602
- Compass
- W
- Street Name
- GLENROSA
- St Suffix
- Avenue
- City/Town Code
- Phoenix
- State/Province
- AZ
- Zip Code
- 85017
- Zip4
- 4346
- County Code
- Maricopa
- Assessor Number
- 154-18-001
- Tax Year
- 2018
- Assessor's Map #
- 18
- Legal Description (Abbrev)
- E 166' OF S2 SW4 NW4 SW4 & S 15' OF N2 SW4 NW4 SW4 EX W 58' & EX S 30' RD .78 AC
- Assessor's Parcel #
- 1
- Add'l Parcels
- Yes
- Tax Municipality
- Phoenix
- Census Tract
- 109001
- Taxes
- 15909
- Legal
- E 166' OF S2 SW4 NW4 SW4 & S 15' OF N2 SW4 NW4 SW4 EX W 58' & EX S 30' RD .78 AC
- Marketing Name
- RADIUS APARTMENTS
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- irreg
- Year Built
- 1979
- Uncvrd Parking Spcs
- 70
- Total # of Units
- 72
- # of Buildings
- 7
- Zoning
- CC-C2
- Elementary School District
- Alhambra Elementary District
- High School District
- Phoenix Union High School District
Remarks Misc
- Directions
- I-17 to Indian school road, West to 27th Avenue, North on 27th to GLENROSA, East to property on north side of road.
Status Change Info
- Off Market Date
- 2019-05-31
- Under Contract Date
- 2019-02-21
- Close of Escrow Date
- 2019-06-21
Legal Info
- Township
- 2N
- Range
- 2E
- Section
- 24
More Information
Income Expenses
- Gross Annual Sch Inc
- 485000
- Net Operating Income
- 333411
Efficiency Units
- # Efficiency Units
- 48
- Avg Rent
- 527
- Avg SqFt
- 390
- # Baths
- Yes
1 Bedroom Units
- # 1 Bedroom Units
- 22
- Avg Rent
- 619
- Avg SqFt
- 560
- # Baths
- Yes
2 Bedroom Units
- # 2 Bedroom Units
- 2
- Avg Rent
- 742
- Avg SqFt
- 700
- # Baths
- Yes
Sold Info
- Loan Type
- Conventional
- Loan Years
- 30
- Payment Type
- Fixed
- Closing Cost Split
- Normal - N
- Buyer Concession $/%
- $
- Seller Concession $/%
- $
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Project Type
- 51 - 99 Units
- Yes
Construction
- Wood Frame
- Yes
Const - Finish
- Painted
- Yes
- Stucco
- Yes
Roofing
- Composition
- Yes
- Built-Up
- Yes
Floors
- Vinyl
- Yes
- Sealed
- Yes
- Wood
- Yes
Sale Includes
- Land & Building
- Yes
Income & Expenses
- Annual Elec Exp
- 31991
- Annual Gas Exp
- 4913
- Annual Ins Exp
- 9424
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 0
- Annual Legal & Acctg
- 350
- Annual Maint Exp
- 8051
- Annual Mgmt Exp
- 24794
- Annual Trash Exp
- 5671
- Annual Wtr/Swr Exp
- 17773
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 0
- Annual Other Expense
- 29955
- Operating Exp
- 148831
- Other Income
- 9852
- Vacancy Allowance
- 0.03
- Adjusted Gross Inc
- 481985.85
Pmt & Rate Info
- Cap Rate
- 7.41
- Down Payment
- 4499000
- Equity
- 4499000
- Down Payment %
- 100
- Monthly Payments
- 0
- Total Owed
- 0
- Assessment Balance
- 0
Community Features
- Manager Res/Office
- Yes
- Barbecue
- Yes
Heating
- Electric
- Yes
- Central
- Yes
Cooling
- Central Air
- Yes
- Electric
- Yes
Exterior Amenities
- Desert Landscaping
- Yes
- Fenced
- Yes
- Satellite Dish
- Yes
- Cable TV Available
- Yes
- Patio/Balcony
- Yes
- Security Light(s)
- Yes
Interior Features
- Unfurnished
- Yes
- Mini Blinds
- Yes
Tenant Pays
- None
- Yes
Appliances Included
- Refrigerator
- Yes
- Free-Standing Range
- Yes
Road Surface Type
- Asphalt
- Yes
- Concrete
- Yes
Source of Fincl Data
- Owner
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- 1 Space/Unit
- Yes
Electric
- APS
- Yes
- Master Meter
- Yes
Gas
- SW Gas
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Electric
- Yes
- Gas
- Yes
- Trash Collection
- Yes
- Cable TV
- Yes
New Financing
- Other (See Remarks)
- Yes
Existing 1st Loan
- Other (See Rmks)
- Yes
Existing 1st Loan Type
- Not Applicable
- Yes
Existing 1st Loan Terms
- Not Applicable
- Yes
Existing 2nd Loan
- Other (See Remarks)
- Yes
Existing 2nd Loan Type
- Not Applicable
- Yes
Existing 2nd Loan Terms
- Not Applicable
- Yes
Existing 3rd Loan
- Other (See Remarks)
- Yes
Existing 3rd Loan Type
- Not Applicable
- Yes
Reports/Disclosures
- None
- Yes
Existing 3rd Loan Terms
- Not Applicable
- Yes
Environmental
- None
- Yes
Existing Othr Ln Trm
- Not Applicable
- Yes
3 Bedrooms Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Property Features
Project Type:
51 - 99 Units
Construction:
Wood Frame
Const - Finish:
Painted; Stucco
Roofing:
Composition; Built-Up
Floors:
Vinyl; Sealed; Wood
Sale Includes:
Land & Building
Community Features:
Manager Res/Office; Barbecue
Exterior Amenities:
Desert Landscaping; Fenced; Satellite Dish; Cable TV Available; Patio/Balcony; Security Light(s)
Interior Features:
Unfurnished; Mini Blinds
Appliances Included:
Free-Standing Range; Refrigerator
Heating:
Central
Cooling:
Electric; Central Air
Water Source:
City Franchise
Sewer:
Sewer - Public
Electric:
APS; Master Meter
Gas:
SW Gas
Parking Features:
1 Space/Unit
Road Surface Type:
Asphalt; Concrete
Owner Pays:
Water; Electric; Gas; Trash Collection; Cable TV
Tenant Pays:
None
Source of Fincl Data:
Owner
Existing 1st Loan:
Other (See Rmks)
Existing 1st Loan Type:
Not Applicable
Existing 1st Loan Terms:
Not Applicable
Existing 2nd Loan:
Other (See Remarks)
Existing 2nd Loan Type:
Not Applicable
Existing 2nd Loan Terms:
Not Applicable
Existing 3rd Loan:
Other (See Remarks)
Existing 3rd Loan Type:
Not Applicable
Existing 3rd Loan Terms:
Not Applicable
Existing Othr Ln Trm:
Not Applicable
New Financing:
Other (See Remarks)
Environmental:
None
Listing Office:
Kasten Long Commercial Group
Last Updated: January - 24 - 2025
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
