$13,910,000
Glendale, AZ 85301
MLS# 7033508
1 / 1
Property Description
Rare opportunity to acquire a newly constructed prime multifamily investment property in the growing community of Glendale, AZ. Situated on 2.1 acres in the heart of the city, the property consists of 17 two-story duplex buildings totaling 34 rental apartment homes. Construction has recently been completed, and the community is currently in lease-up. Highlights include: • Newly constructed multifamily community • 17 two-story duplex buildings with a total of 34 rental apartment homes • 22 two-bedroom, two-bath units averaging approximately 842 SF • 12 three-bedroom, two-bath units averaging approximately 1,040 SF • Situated on 2.1 acres • Separately metered utilities Buyer to independently verify all information, property data, specifications, and sq. ft. prior to close of esc
Details
Contract Info
Ownership: Fee Simple
Current Price: $13,910,000
List Price: $13,910,000
Status: Active
List Date: 2026-05-26
Location, Tax & Legal
Assessor's Map #: 19
Legal Description (Abbrev): ORCHARD ADDITION TO GLENDALE MCR 3/30 S 350F W 29 1.38F N 700F S 900.38F E 900.38F OF LOTS 4 & 5 & 6
Assessor's Parcel #: 28
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Glendale
Census Tract: 92802
Taxes: 4939
Legal: ORCHARD ADDITION TO GLENDALE MCR 3/30 S 350F W 29 1.38F N 700F S 900.38F E 900.38F OF LOTS 4 & 5 & 6
Marketing Name: Tempo Apartment Homes
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
# of Buildings: 17
Uncvrd Parking Spcs: 0
Lot Size Dimensions: unknown
Total # of Units: 34
Elementary School District: Glendale Elementary District
High School District: Glendale Union High School District
Year Built: 2026
Zoning: R-3
Legal Info
Range: 2E
Section: 7
Township: 2N
Lot Number: 4
Project Type
Duplex: 1
25 - 50 Units: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Laminate: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 4939
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 745218
Pmt & Rate Info
Cap Rate: 4.52
Equity: 13910000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Lockbox Type
None: 1
Community Features
Other: 1
Heating
Central: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Exterior Amenities
Landscape Water System: 1
Tenant Pays
Water: 1
Sewer: 1
Electricity: 1
Trash Collection: 1
Cable TV: 1
Appliances Included
Built-In Electric Oven: 1
Dishwasher: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Built-In Range: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
<1 Space Per Unit: 1
Electric
Submetered System: 1
Gas
None: 1
Owner Pays
Landscaping: 1
New Financing
Cash: 1
Conventional: 1
1031 Exchange: 1
Trade: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
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
4 Bedrooms Units
Avg Rent: 0
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: May - 27 - 2026
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