4530 W MCLELLAN Road, Glendale, AZ 85301

$5,900,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $5,900,000 Last Modified: 12/13/2024

Overview

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.

Listing Details MLS# 5480952

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
US
County Code
Maricopa
Assessor Number
146-27-001-E
Tax Year
2015

Contract Info

Ownership
Fee Simple

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.

Status Change Info

Off Market Date
2016-12-19
Under Contract Date
2016-10-27
Close of Escrow Date
2016-12-28

Legal Info

Township
2N
Range
2E
Section
9

More Information

1 Bedroom Units

# 1 Bedroom Units
10
Avg Rent
789
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
64
Avg Rent
850
# Baths
Yes

3 Bedrooms Units

# 3 Bedroom Units
26
Avg Rent
975
# Baths
Yes

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: Wood Frame; Steel Frame Const - Finish: Painted; Stucco Roofing: Composition Floors: Vinyl; Wood; Ceramic Tile; Carpet Sale Includes: Land & Building; Laundry Equipment Community Features: No Pool; Manager Res/Office; Play Area; Barbecue Exterior Amenities: Landscape Water System; Green Landscaping; Desert Landscaping; Patio/Balcony; Security Light(s) Interior Features: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds; Drapes Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal Heating: Natural Gas; Central Cooling: Chiller System Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: APS; Master Meter Gas: SW Gas; Master Meter Parking Features: Carport; >1 Space Per Unit; Assigned; Free; Paved Road Surface Type: Asphalt Owner Pays: Water; Electric; Gas; Trash Collection; Landscaping Tenant Pays: Cable TV Source of Fincl Data: Owner; Projected Proforma; Books Shwn Accpt Ofr Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Conventional; No Carry; 1031 Exchange Environmental: None
IDX
Listing Office: RE/MAX Platinum Living
Last Updated: December - 13 - 2024
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