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5963 W OCOTILLO Road Glendale, AZ 85301
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Key Details
Sold Price $537,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Glencroft
MLS Listing ID 6290641
Sold Date 12/27/21
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1945
Annual Tax Amount $1,048
Tax Year 2021
Lot Dimensions Unk
Property Description
This Ocotillo fourplex represents one of the few value add opportunities around. All units are vacant and the property is ready for immediate renovation. Renovated C class units are in very high demand in this area of Glendale. The property includes two parcels and is a large corner lot. The unit mix is two 1-bed and two 2-bed units. Each unit is individually metered for electricity and gas. Water is on a common meter. Each unit has a spacious back yard and large grassy area in front. There are washer/dryer hookups and individual covered carports. The lot is spacious with lush trees and landscaping. Located within half a mile from downtown Glendale and four miles from Westgate entertainment center, this is a... this is a high demand rental area. Proforma rents post renovation are $1,000 (1-bed) and $1,300 (2-bed).
Location
State AZ
County Maricopa
Community Glencroft
Zoning R-3
Direction South on 59th Ave West on Ocotillo to property
Interior
Heating Other
Cooling Other
Flooring Carpet, Ceramic Tile
Appliance None
Exterior
Parking Features 1 Space/Unit, On Street, Carport
Community Features No Pool
Roof Type Composition
Total Parking Spaces 4
Building
Sewer Public Sewer
Water Irrigation, City Franchise
New Construction No
Schools
School District Glendale Union High School District
Others
Senior Community No
Tax ID 144-11-036
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
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Bought with Blue Saguaro Commercial Realty, LLC