4820 W Palo Verde Drive $10,000,000


    4820 W Palo Verde Drive Glendale, AZ 85301

    • 0 Beds
    • 0 Baths
    • MultiFamily
    • MLS# 6425266
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    Views: 332 Days On Site: 153

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    Property Details

    Villas West was built in 1984 and features 285 mostly townhome units situated on approximately 19-acres consisting of 57, two-story frame and stucco buildings. The property has flat and pitched tile roofs with individual air conditioning units and individual water heaters. The current offering is for 51 of the 285 total town home units. The community features some spectacular amenities including two sparkling swimming pools, tuck-under covered parking, spacious courtyards, and onsite management / HOA. Villas West offers spacious two- and three-bedroom loft and townhouse floor plans offering the largest units within the submarket. Unit amenities include large private backyards, washer / dryer hook-ups, tile floors, and storage. The kitchens are electric with refrigerator, range, dishwasher, and disposal. Villas West is located in Glendale, situated on Bethany Home Road just west of 48th Avenue. Residents of Villas West enjoy suitable access to the entire Valley of the Sun as well as instantaneous submarket attractions, shopping, and demand generators, including: Grand Canyon University, Westgate and State Farm Stadium, and MetroCenter Mall. Loop 101, I-10, and I-17 Freeways: The Loop 101 Freeway runs north into Glendale, and then to the I-17 Black Canyon, which connects Phoenix to Sedona and Flagstaff, then to Scottsdale. Downtown Phoenix and Phoenix Sky Harbor Airport are a 15-minute drive from the property via I-10.

    • General Features
      • Community Amenities Pool
      • County Maricopa
      • Covered Parking Spcs 51.00
      • Gas None
      • Marketing Name Villas West 8
      • New Financing Conventional
      • Parking Carport
      • Project Type 51 - 99 Units
      • Roofing Foam,Tile
      • Subdivision HALLCRAFT VILLAS WEST 8
      • Tax Municipality Glendale
      • Taxes $23,807
      • Total Units 51.00
      • Year Built 1984
      • Zoning R-4
    • Building Features
      • Construction Frame - Wood
      • Appliances Included Dishwasher,Disposal,F/S Oven/Range,Refrigerator,W/D Hookup
      • Floors Ceramic Tile
      • Cooling Electric,Individual
      • Heating Individual
    • Room Features
      • # 1 Bedroom Units 0
      • 1 Bedroom Units: Avg Rent 0.00
      • 1 Bedroom Units: Avg SqFt 0
      • 1 Bedroom Units: # Baths 0
      • # 2 Bedroom Units 31
      • 2 Bedroom Units: # Baths 1
      • 2 Bedroom Units: Avg Rent 1055.00
      • 2 Bedroom Units: Avg SqFt 950
      • # 3 Bedroom Units 20
      • 3 Bedroom Units: Avg SqFt 1098
      • 3 Bedrooms Units: # Baths 2
      • 3 Bedrooms Units: Avg Rent 1160.00
      • # 4 Bedroom Units 0
      • 4 Bedrooms Units: # Baths 0
      • 4 Bedrooms Units: Avg Rent 0.00
      • 4 Bedroom Units: Avg SqFt 0
    • Property Features
      • Efficiency Units: # Efficiency Units 0
      • Efficiency Units: # Baths 0
      • Efficiency Units: Avg SqFt 0
      • Efficiency Units: Avg Rent 0.00
      • Legal Info: Township 16
      • Tenant Pays Electric,Sewer,Trash,Water
      • Owner Pays None
      • Income & Expenses: Net Operating Income 575041.00
      • Income & Expenses: Gross Annual Sch Inc 838200.00
      • Income & Expenses: Adjusted Gross Inc 805790.00
      • Legal Info: Range 2e
      • Legal Info: Lot Number 1111
      • Total Parking Space 102.00
      • Electric SRP
      • Exterior Amenities Patio/Balcony
      • Sewer Sewer - Public
      • Water City Franchise
    • Schools
      • School District 210 - Phoenix Union High School District



    85301 (Glendale) Demographics

    29 Median Age
    7,461 Population Density (per sq. mile)
    16% College Educated
    $38,454 Estimated Median Income
    8,396 Estimated Total Home Owners
    13,525 Estimated Total Renters
    38% / 62% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    69,181 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $275,000 Median Sales Price
    17 Homes Sold
    20 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $10,000,000
        6/28/2022 11:27:00 AM New in Database Source: Multiple Listing Service New Value: $10,000,000

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        Copyright 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Data last updated 11/28/2022 8:44:43 PM. The ARMLS logo indicates a property listed by a real estate brokerage other than Engel & Völkers Gilbert.

        All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.