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