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8503 N 59TH Lane Glendale, AZ 85302
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Key Details
Sold Price $1,550,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 6271383
Sold Date 12/13/21
Maintenance Fees $5,000
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1971
Annual Tax Amount $4,499
Tax Year 2020
Lot Dimensions 66X300
Property Description
AMAZING INVESTMENT OPPORTUNITY! 100% leased with no deferred maintenance. Saguaro on 59th is a single level, block construction with pitched shingle roofs and consists of 10 studio-apartment units. Resident amenities include private, fenced back yards for each unit, shaded turf area for pets, laundry room and private storage lockers. The units are individually metered. Current ownership completed an extensive overhaul to the property in 2021 including roof repairs, paint, signage, landscaping, new water heaters and full interior renovations inclusive of cabinetry, countertops, SS appliances, flooring, fixtures and bathroom remodels. This is the investment you are waiting for.
Location
State AZ
County Maricopa
Zoning MULTI
Direction Take 59th Ave to Seldon Ln turn left. Then Turn left on 59th Ln. Property on the left side.
Interior
Heating Window/Wall Unit(s), Electric
Cooling Wall/Window Unit(s)
Appliance Disposal, Refrigerator, Microwave, BI OvenRange
Exterior
Parking Features Paved Parking
Community Features Barbecue, No Pool
Roof Type Composition
Total Parking Spaces 20
Building
Sewer Public Sewer
Water City Franchise, Master Meter
New Construction No
Schools
Elementary Schools Horizon School
Middle Schools Glendale Landmark Middle School
High Schools Glendale High School
School District Gilbert Unified District
Others
Senior Community No
Tax ID 143-46-033-J
Acceptable Financing Conventional, 1031 Exchange
Listing Terms Conventional, 1031 Exchange
Financing Cash
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