6724 W PALMAIRE Avenue, Glendale, AZ 85303 (MLS# 6041124)

6724 W PALMAIRE Avenue, Glendale, AZ 85303

$284,568

Property Type: Multiple Dwellings Status: Closed

Current Price: $284,568 Last Modified: 5/04/2026

Overview

Description

We are pleased to announce two four unit complexes being sold together. Each have there own parcel and can qualify for conventional financing. Both properties each have one 2 bedroom unit and one bath and 3 ones bedroom and one bath units. Each side being sold for $325,000 each and will not be separated. Other address is 6730 W Palmaire. Total sales price of $650,000 Nice desert landscaping with private fenced on court yard. Tenants are all month to month and currently rented for 500-600. Market rents are 650-850. All facts and figures are approximate buyer verify MLS information. Drive by only tenants are unaware of the sale.

Listing Details MLS# 6041124

Location, Tax & Legal

Map Code/Grid: N31
House Number: 6724
Compass: W
Street Name: PALMAIRE
St Suffix: Avenue
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85303
Zip4: 2625
Country: US
County Code: Maricopa
Subdivision: TANG GARDENS
Assessor Number: 143-28-089
Tax Year: 2019
Assessor's Map #: 28
Legal Description (Abbrev): LOT 13 TANG GARDENS MCR 010205
Assessor's Parcel #: 89
Add'l Parcels: Yes
Tax Municipality: Glendale
Census Tract: 92705
Taxes: 2167
Legal: LOT 13 & 14 TANG GARDENS MCR 010205
Marketing Name: Tang Garden Apartments

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: IRR
Year Built: 1963
Uncvrd Parking Spcs: 4
Total # of Units: 4
# of Buildings: Yes
Zoning: MULTI
Elementary School District: Glendale Elementary District
High School District: Glendale Union High School District
Elementary School: Other
Jr. High School: Other
High School: Other

Remarks Misc

Cross Street: W Myrtle Ave & N 59th Ave
Directions: Head west on W Myrtle Ave toward N 59th Dr 1.0 mi Turn left onto N 67th Ave 328 ft Turn right onto W Palmaire Ave Destination will be on the left

Status Change Info

Off Market Date: 2020-06-04
Under Contract Date: 2020-05-13
Close of Escrow Date: 2020-06-12

Legal Info

Township: 2N
Range: 1E
Section: Yes
Lot Number: 13

More Information

Income Expenses

Gross Annual Sch Inc: 33000
Net Operating Income: 19398

1 Bedroom Units

# 1 Bedroom Units: 3
Avg Rent: 650
Avg SqFt: 700
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: Yes
Avg Rent: 850
Avg SqFt: 800
# Baths: Yes

Sold Info

Loan Type: Cash
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Project Type

Four Plex: Yes
5 - 12 Units: Yes

Construction

Block: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Built-Up: Yes

Floors

Vinyl: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 1200
Annual Land Lse Exp: 0
Annual Landscape Exp: 1000
Annual Legal & Acctg: 0
Annual Maint Exp: 3000
Annual Mgmt Exp: 0
Annual Trash Exp: 2000
Annual Wtr/Swr Exp: 1500
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 1085
Operating Exp: 11952
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 31350
Total Monthly Rental Income: 2750

Pmt & Rate Info

Cap Rate: 5.97
Down Payment: 0
Equity: 325000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0

Showing Notification Methods

Text: Yes

Lockbox Type

None: Yes

Community Features

No Pool: Yes
Barbecue: Yes

Heating

Individual: Yes

Cooling

Electric: Yes
Individual: Yes

Exterior Amenities

Desert Landscaping: Yes
Partially Fenced: Yes
Curb(s) & Gutter(s): Yes
Cable TV Available: Yes
Sidewalk(s): Yes
Patio/Balcony: Yes

Interior Features

Unfurnished: Yes
Fire/Smoke Alarm(s): Yes

Tenant Pays

Electricity: Yes
Cable TV: Yes

Appliances Included

Refrigerator: Yes
Free-Standing Range: Yes

Road Access Type

Alley: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Projected Proforma: Yes

Water Source

City Franchise: Yes
Master Meter: Yes

Sewer

Sewer - Public: Yes

Parking Features

Free: Yes
On Street: Yes
>1 Space Per Unit: Yes
Paved: Yes
Other: Yes

Electric

SRP: Yes
Individual Meter: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes
Landscaping: Yes

New Financing

VA: Yes
Conventional: Yes
FHA: Yes
No Carry: 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

Seller Prop Disc Stm: Yes
Sch of Personal Prop: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

None: Yes

Existing Othr Ln Trm

Not Applicable: Yes

Efficiency Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: Four Plex; 5 - 12 Units Construction: Block Const - Finish: Painted; Stucco Roofing: Built-Up Floors: Vinyl Sale Includes: Land & Building Community Features: No Pool; Barbecue Exterior Amenities: Desert Landscaping; Partially Fenced; Curb(s) & Gutter(s); Cable TV Available; Sidewalk(s); Patio/Balcony Interior Features: Unfurnished; Fire/Smoke Alarm(s) Appliances Included: Free-Standing Range; Refrigerator Heating: Individual Cooling: Electric; Individual Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: SRP; Individual Meter Gas: None Parking Features: On Street; >1 Space Per Unit; Free; Paved; Other Road Access Type: Alley Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Cable TV Source of Fincl Data: Projected Proforma Showing Notification Methods: Text Lockbox Type: None 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: VA; FHA; Conventional; No Carry Environmental: None

Listing Office: Grace CRE

Last Updated: May - 04 - 2026