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
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.
More Information MLS# 5480952
Contract Info
Ownership: Fee Simple Current Price: $5,900,000 Sold Price: $5,900,000 Status: Closed List Date: 2016-07-29
Location, Tax & Legal
Assessor's Map #: 27 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 Parcel #: 1 Assessor Parcel Ltr: E Add'l Parcels: No Tax Municipality: Glendale Census Tract: 93001 Taxes: 29975 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 Marketing Name: Maryland West 100 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 County Code: Maricopa Assessor Number: 146-27-001-E Tax Year: 2015
General Property Description
# of Buildings: 15 Uncvrd Parking Spcs: 80 Lot Size Dimensions: 4.44 acres Total # of Units: 100 Elementary School District: Glendale Elementary District Year Built: 1970 Zoning: R-4
Legal Info
Range: 2E Section: 9 Township: 2N
Project Type
100+ Units: 1
Construction
Wood Frame: 1 Steel Frame: 1
Const - Finish
Painted: 1 Stucco: 1
Roofing
Composition: 1
Floors
Vinyl: 1 Wood: 1 Ceramic Tile: 1 Carpet: 1
Sale Includes
Land & Building: 1 Laundry Equipment: 1
Income & Expenses
Annual Elec Exp: 0 Annual Gas Exp: 0 Annual Ins Exp: 0 Annual Land Lse Exp: 0 Annual Landscape Exp: 0 Annual Legal & Acctg: 0 Annual Maint Exp: 0 Annual Mgmt Exp: 0 Annual Trash Exp: 0 Annual Wtr/Swr Exp: 0 Owner Association: No Annual Ownr Asoc Fee: 0 Annual PAD Fee: 0 Annual Rplcmnt Rsrvs: 0 Annual Other Expense: 0 Operating Exp: 29975 Other Income: 0 Vacancy Allowance: 0 Adjusted Gross Inc: 0
Pmt & Rate Info
Down Payment: 0 Equity: 5900000 Down Payment %: 0 Monthly Payments: 0 Total Owed: 0 Assessment Balance: 0
Community Features
No Pool: 1 Manager Res/Office: 1 Play Area: 1 Barbecue: 1
Heating
Natural Gas: 1 Central: 1
Cooling
Chiller System: 1
Exterior Amenities
Landscape Water System: 1 Green Landscaping: 1 Desert Landscaping: 1 Patio/Balcony: 1 Security Light(s): 1
Interior Features
Unfurnished: 1 Fire/Smoke Alarm(s): 1 Mini Blinds: 1 Drapes: 1
Tenant Pays
Cable TV: 1
Appliances Included
Dishwasher: 1 Disposal: 1 Refrigerator: 1 Free-Standing Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1 Projected Proforma: 1 Books Shwn Accpt Ofr: 1
Water Source
City Franchise: 1 Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1 Free: 1 >1 Space Per Unit: 1 Paved: 1 Assigned: 1
Electric
APS: 1 Master Meter: 1
Gas
SW Gas: 1 Master Meter: 1
Owner Pays
Water: 1 Sewer: 1 Electric: 1 Gas: 1 Trash Collection: 1 Landscaping: 1
New Financing
Conventional: 1 No Carry: 1 1031 Exchange: 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
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 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
Avg Rent: 0
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
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional Loan Years: 25 Closing Cost Split: Normal - N Payment Type: Balloon Buyer Concession to Seller: 0 Buyer Concession $/%: $ Seller Concession to Buyer: 0 Seller Concession $/%: $
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
Off Market Date: 2016-12-19 Under Contract Date: 2016-10-27 Close of Escrow Date: 2016-12-28 Sold Price: $5,900,000
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
Listing Office: RE/MAX Platinum Living
Last Updated: December - 13 - 2024
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