6737- 6743 W PALMAIRE Avenue, Glendale, AZ 85303 (MLS# 5998414)

6737- 6743 W PALMAIRE Avenue, Glendale, AZ 85303

$645,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $645,000 Last Modified: 5/04/2026

Overview

Description

Amazing opportunity to own in the heart of Glendale. This is a side by side portfolio sale. This property includes address 6743 & 6737 W Palmaire Ave two 4 plexs fenced in for added privacy. Value add on this property to raise rents and add up grades to get even more cash flow. Each 4 plex contains two 2 bedrooms and and two one bedrooms each. Central air conditioning and leased laundry equipment. Bring your offer's now seller is motivated to sell. All facts and figures are approximate. Buyer verify MLS information. Drive by only tenants are unaware of the sale.

Listing Details MLS# 5998414

Location, Tax & Legal

Map Code/Grid: N31
House Number: 6737- 6743
Compass: W
Street Name: PALMAIRE
St Suffix: Avenue
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85303
Zip4: 2629
Country: US
County Code: Maricopa
Subdivision: Tang Gardens
Assessor Number: 143-28-101
Tax Year: 2019
Assessor's Map #: 28
Legal Description (Abbrev): TANG GARDENS
Assessor's Parcel #: 101
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Census Tract: 92705
Taxes: 2326
Legal: LOT 26 TANG GARDENS MCR 010205 LOT 25 TANG GARDENS MCR 010205
Marketing Name: TANG GARDENS

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 7431
Year Built: 1976
Uncvrd Parking Spcs: 8
Total # of Units: 8
# of Buildings: 2
Zoning: Res
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: 67th Ave & Myrtle Ave
Directions: south to Palmaire, east

Status Change Info

Off Market Date: 2020-02-11
Under Contract Date: 2020-01-03
Close of Escrow Date: 2020-02-14

Legal Info

Township: 2N
Range: 1E
Section: Yes
Lot Number: 25

More Information

Income Expenses

Gross Annual Sch Inc: 67200
Net Operating Income: 47014

1 Bedroom Units

# 1 Bedroom Units: 4
Avg Rent: 600
Avg SqFt: 650
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: 4
Avg Rent: 800
Avg SqFt: 750
# Baths: Yes

Sold Info

Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Project Type

5 - 12 Units: Yes

Other Type

Packaged Offering: Yes
Other (See Remarks): Yes

Construction

Block: Yes
Wood Frame: Yes

Const - Finish

Painted: Yes

Roofing

Built-Up: Yes
Other: Yes

Floors

Vinyl: Yes
Ceramic Tile: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Elec Exp: 1000
Annual Gas Exp: 0
Annual Ins Exp: 1500
Annual Land Lse Exp: 0
Annual Landscape Exp: 500
Annual Legal & Acctg: 0
Annual Maint Exp: 4000
Annual Mgmt Exp: 2500
Annual Trash Exp: 1500
Annual Wtr/Swr Exp: 3500
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 2184
Operating Exp: 19010
Other Income: 1000
Vacancy Allowance: 0.05
Adjusted Gross Inc: 64790
Total Monthly Rental Income: 5600

Pmt & Rate Info

Cap Rate: 7.23
Down Payment: 0
Equity: 650000
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

Heating

Electric: Yes
Individual: Yes

Cooling

Central Air: Yes

Exterior Amenities

Desert Landscaping: Yes
Fenced: Yes
Partially Fenced: Yes
Separate Storage: Yes
Security Light(s): Yes

Interior Features

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

Tenant Pays

Electricity: Yes

Appliances Included

Refrigerator: Yes
Free-Standing Range: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Projected Proforma: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Paved: Yes

Electric

SRP: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes

New Financing

VA: Yes
Conventional: Yes
FHA: Yes

Existing 1st Loan

Conventional: Yes
Other (See Rmks): Yes

Existing 1st Loan Type

Fixed: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Existing 2nd Loan

Other (See Remarks): 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

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: 5 - 12 Units Other Type: Packaged Offering; Other (See Remarks) Construction: Block; Wood Frame Const - Finish: Painted Roofing: Built-Up; Other Floors: Vinyl; Ceramic Tile Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping; Fenced; Partially Fenced; Separate Storage; Security Light(s) Interior Features: Unfurnished; Fire/Smoke Alarm(s); Vertical Blinds Appliances Included: Free-Standing Range; Refrigerator Heating: Individual Cooling: Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: Paved Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity Source of Fincl Data: Projected Proforma Showing Notification Methods: Text Lockbox Type: None Existing 1st Loan: Conventional; Other (See Rmks) Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Other (See Remarks) 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 Environmental: None

Listing Office: Grace CRE

Last Updated: May - 04 - 2026