$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 total 34 rental apartment homes • 22 - 2BR, 2BA units averaging appx. 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 ready to built 30 more units in Apache Junction, AZ. 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 - 15 - 2026
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