$950,000
Phoenix, AZ 85015
MLS# 6801309
1 / 38
Property Description
Remodeled 5-unit multifamily property on a rare 0.57-acre R-3 lot with room for growth. Unit mix includes (3) 2-bed/1-bath and (2) 1-bed/1-bath units, each with a private, fenced-in yard, in-unit washer/dryer, and dishwasher. Renovated in 2021 with new HVACs, main sewer line, windows, doors, and covered parking. Interiors feature wood-look tile flooring, quartz countertops, stainless steel appliances, and remodeled bathrooms. Located in an Arizona Opportunity Zone near Grand Canyon University with easy access to I-17. Strong value-add potential in a transitioning area.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $950,000
List Price: $950,000
Status: Active
List Date: 2025-01-07
Location, Tax & Legal
Assessor's Map #: 28
Legal Description (Abbrev): FRUITLAND AC LOT 13 N 300' OF W2 W2
Assessor's Parcel #: 24
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 109003
Taxes: 1931
Legal: FRUITLAND AC LOT 13 N 300' OF W2 W2
Marketing Name: 2421 W Glenrosa Ave
House Number: 2421
Compass: W
Street Name: GLENROSA
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85015
Zip4: 0007
County Code: Maricopa
Subdivision: FRUITLAND ACRES
Assessor Number: 154-28-024
Tax Year: 2024
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 5
Lot Size Dimensions: 300' x 82.74'
Total # of Units: 5
Elementary School District: Alhambra Elementary District
High School District: Phoenix Union High School District
Elementary School: Westwood Elementary School
Jr. High School: Alhambra Traditional School
High School: Central High School
Year Built: 1965
Zoning: R-3
Legal Info
Range: 2E
Section: 24
Township: 2N
Lot Number: 13
Project Type
5 - 12 Units: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 1931
Other Income: 11396.95
Vacancy Allowance: 0.05
Adjusted Gross Inc: 89418.7
Pmt & Rate Info
Cap Rate: 5.7
Equity: 1070000
Down Payment %: 25
Monthly Payments: 4940
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Exterior Amenities
Fenced: 1
Cable TV Available: 1
Interior Features
Fire/Smoke Alarm(s): 1
Mini Blinds: 1
Tenant Pays
Cable TV: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Built-In Range: 1
Free-Standing Range: 1
W/D Hookup: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
Free: 1
<1 Space Per Unit: 1
Paved: 1
Other: 1
Electric
APS: 1
Master Meter: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Electric: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
Conventional: 1
Existing 1st Loan
Conventional: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 1329
Avg SqFt: 655
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 1411
Avg SqFt: 655
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: N 19th Ave and W Indian School Rd
Directions: Head South on N 19th Ave. Turn right onto W Indian School Rd. Turn right toward N 23rd Ave. Turn right onto N 23rd Ave. Turn left onto W Glenrosa Ave. Home will be on the left.
Geo Lat: 33.498123
Geo Lon: -112.111473
Income Expenses
Gross Annual Sch Inc: 82728
Net Operating Income: 61032
Property Features
Project Type: 5 - 12 Units
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Fenced; Cable TV Available
Interior Features: Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: Built-In Range; Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; W/D Hookup
Cooling: Ceiling Fan(s); Electric; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS; Master Meter
Gas: SW Gas
Parking Features: Carport; <1 Space Per Unit; Free; Paved; Other
Road Surface Type: Asphalt
Owner Pays: Water; Electric; Trash Collection; Landscaping
Tenant Pays: Cable TV
Source of Fincl Data: Owner; Projected Proforma
Showing Notification Methods: Text; Phone Call
Lockbox Type: None
Existing 1st Loan: Conventional
New Financing: Cash; Conventional
Environmental: None
Listing Office: Axen Realty, LLC
Last Updated: December - 31 - 2025
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