$665,000
Glendale, AZ 85301
MLS# 6959358
1 / 7
Property Description
Fantastic investment opportunity in Glendale! This well-maintained fourplex features three spacious 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, all currently fully leased on month-to-month terms—ideal for investors seeking flexibility or value-add potential. Tenants enjoy comfortable living spaces with functional layouts, ample parking, and a convenient central location near shopping, dining, schools, and freeway access. Whether you're expanding your multifamily portfolio or looking for a stable income-producing property, 7156 N 66th Dr delivers excellent upside in one of Glendale's steadily growing rental markets.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $665,000
List Price: $665,000
Status: Active
List Date: 2025-12-18
Location, Tax & Legal
Assessor's Map #: 29
Legal Description (Abbrev): LOT 1 PECAN RIDGE ONE LOT 1-18 TR A MCR 025121
Assessor's Parcel #: 19
Add'l Parcels: No
Tax Municipality: Glendale
Census Tract: 92600
Taxes: 1494
Legal: LOT 1 PECAN RIDGE ONE LOT 1-18 TR A MCR 025121
Marketing Name: 4plex
House Number: 7156
Compass: N
Street Name: 66TH
St Suffix: Drive
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85301
Zip4: 2383
County Code: Maricopa
Subdivision: PECAN RIDGE ONE LOT 1-18 TR A
Assessor Number: 143-29-019
Tax Year: 2024
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 8
Lot Size Dimensions: 6774
Flood Zone: No
Total # of Units: 4
Elementary School District: Glendale Elementary District
High School District: Glendale Union High School District
Year Built: 1983
Zoning: Multi-family
Legal Info
Range: 2E
Section: 6
Township: 2N
Lot Number: 1
Project Type
Four Plex: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Gas Exp: 0
Annual Ins Exp: 1000
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 2000
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 4494
Other Income: 1680
Vacancy Allowance: 0.02
Adjusted Gross Inc: 59270.4
Total Monthly Rental Income: 3938
Pmt & Rate Info
Cap Rate: 5.88
Down Payment: 0
Equity: 665000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Individual: 1
Cooling
Ceiling Fan(s): 1
Electric: 1
Individual: 1
Interior Features
Fire/Smoke Alarm(s): 1
Vertical Blinds: 1
Tenant Pays
Electricity: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Free-Standing Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Paved: 1
Electric
APS: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 1150
Avg SqFt: 525
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 1250
Avg SqFt: 650
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 67th Ave and Glendale Ave
Geo Lat: 33.541762
Geo Lon: -112.201871
Income Expenses
Gross Annual Sch Inc: 58800
Net Operating Income: 39087.88
Property Features
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Painted
Roofing: Composition
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Interior Features: Fire/Smoke Alarm(s); Vertical Blinds
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave
Heating: Individual
Cooling: Ceiling Fan(s); Electric; Individual
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: None
Parking Features: Paved
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Owner
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; VA; FHA; Conventional
Environmental: None
Listing Office: Gile Commercial Real Estate
Last Updated: December - 19 - 2025
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