$12,500,000
Glendale, AZ 85301
MLS# 7033508
80 beds | 68 baths
1 / 20
Property Description
MAJOR PRICE REDUCTION - Priced to sell at $12,500,000, just reduced $1,410,000. Rare opportunity to acquire a newly built prime multifamily investment property in the growing community of Glendale, AZ. Situated on 2.1 acres, project consists of 17 two-story duplexes, totaling 34 rental apartment units. Construction was completed in 2026. Highlights include: • Newly constructed multifamily community • 17 two-story duplex buildings with a total of 34 rental apartment homes • 22 - 2BR, 2BA units averaging approximately 842 SF • 12 - 3BR, 2BA units averaging appx. 1,040 SF • Situated on 2.1 acres • Separately metered utilities • Flexible terms: sell, trade, exchange. Seller can add land entitled for 30 more units. Buyer to verify all property info and data before close of escrow.
Details
Contract Info
Current Price: $12,500,000
List Price: $12,500,000
Status: Active
List Date: 2026-05-26
Ownership: Fee Simple
Location, Tax & Legal
House Number: 6077
Compass: N
Street Name: 60TH
St Suffix: Avenue
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85301
Zip4: 5101
Country: US
County Code: Maricopa
Subdivision: ORCHARD ADD BLK 6 LOT 5-10
Assessor Number: 144-19-028-A
Tax Year: 2025
General Property Description
Lot Size Dimensions: unknown
Year Built: 2026
Total # of Units: 34
# of Buildings: 17
Zoning: R-3
Elementary School District: Glendale Elementary District
High School District: Glendale Union High School District
Legal Info
Township: 2N
Range: 2E
Section: 7
Lot Number: 4
2 Bedroom Units
# 2 Bedroom Units: 22
Avg Rent: 1499
Avg SqFt: 841
# Baths: 2
3 Bedrooms Units
# 3 Bedroom Units: 12
Avg Rent: 1798
Avg SqFt: 1040
# Baths: 2
Structure
Bedrooms Total: 80
Bathrooms Total: 68
Showing Notification Methods
Showing Service: No Showing Service Used
Remarks Misc
Geo Lat: 33.52516
Geo Lon: -112.188819
Income Expenses
Gross Annual Sch Inc: 784440
Net Operating Income: 628383
Property Features
Project Type: Duplex; 25 - 50 Units
Construction: Wood Frame
Const - Finish: Painted
Roofing: Composition
Floors: Laminate
Sale Includes: Land & Building
Community Features: Other
Exterior Amenities: Landscape Water System
Appliances Included: Built-In Electric Oven; Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Heating: Central
Cooling: Ceiling Fan(s); Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: Submetered System
Gas: None
Parking Features: Carport; <1 Space Per Unit
Road Surface Type: Asphalt
Owner Pays: Landscaping
Tenant Pays: Water; Sewer; Electricity; Trash Collection; Cable TV
Source of Fincl Data: Owner
Lockbox Type: None
New Financing: Cash; Conventional; 1031 Exchange; Trade
Environmental: None
Listing Office: Keller Williams Arizona Realty
Last Updated: September - 10 - 2026
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