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
- County Code
- Maricopa
- Assessor Number
- 146-27-001-E
- Tax Year
- 2015
- 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
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 $/%
- $
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Project Type
- 100+ Units
- Yes
Construction
- Wood Frame
- Yes
- Steel Frame
- Yes
Const - Finish
- Painted
- Yes
- Stucco
- Yes
Roofing
- Composition
- Yes
Floors
- Vinyl
- Yes
- Wood
- Yes
- Ceramic Tile
- Yes
- Carpet
- Yes
Sale Includes
- Land & Building
- Yes
- Laundry Equipment
- Yes
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
- Yes
- Manager Res/Office
- Yes
- Play Area
- Yes
- Barbecue
- Yes
Heating
- Natural Gas
- Yes
- Central
- Yes
Cooling
- Chiller System
- Yes
Exterior Amenities
- Landscape Water System
- Yes
- Green Landscaping
- Yes
- Desert Landscaping
- Yes
- Patio/Balcony
- Yes
- Security Light(s)
- Yes
Interior Features
- Unfurnished
- Yes
- Fire/Smoke Alarm(s)
- Yes
- Mini Blinds
- Yes
- Drapes
- Yes
Tenant Pays
- Cable TV
- Yes
Appliances Included
- Dishwasher
- Yes
- Disposal
- Yes
- Refrigerator
- Yes
- Free-Standing Range
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
- Projected Proforma
- Yes
- Books Shwn Accpt Ofr
- Yes
Water Source
- City Franchise
- Yes
- Master Meter
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Carport
- Yes
- Free
- Yes
- >1 Space Per Unit
- Yes
- Paved
- Yes
- Assigned
- Yes
Electric
- APS
- Yes
- Master Meter
- Yes
Gas
- SW Gas
- Yes
- Master Meter
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Electric
- Yes
- Gas
- Yes
- Trash Collection
- Yes
- Landscaping
- Yes
New Financing
- Conventional
- Yes
- No Carry
- Yes
- 1031 Exchange
- Yes
Existing 1st Loan
- Treat as Free&Clear
- Yes
Existing 1st Loan Type
- Not Applicable
- Yes
Existing 1st Loan Terms
- Not Applicable
- Yes
Existing 2nd Loan
- Treat as Free&Clear
- Yes
Existing 2nd Loan Type
- Not Applicable
- Yes
Existing 2nd Loan Terms
- Not Applicable
- Yes
Existing 3rd Loan
- Treat as Free&Clear
- 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
Efficiency Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
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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