$1,530,000 5233 W Myrtle Avenue Glendale, AZ

MLS: 5532963   Type: Backup   County: Maricopa   City: Glendale   Neighborhood: Myrtle Manor Apartments   Zip: 85301     Taxes: $9,408

Mortgage $7,183 /mo



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100% OCCUPIED AS OF 03/01/2017!! Myrtle Manor is an 18 unit apartment community located in the heart of Glendale. The complex is located on two parcels and includes three buildings with tile roofs, a central courtyard with swimming pool and a large paved parking area for tenants. All apartments are large (960 SqFt) with two bedrooms and two baths all-on-one level. The apartments feature fireplaces, ceiling fans, kitchen appliances including dishwashers,garbage disposals, separate storage space and also washer/dyers in each unit. All second floor units have vaulted ceilings and skylights. The owner has done major renovations and remodelled the individual units in the property to reduce long-term costs and improve curb appeal. 8% CAP RATE. New rentals are at $750+tax monthly.

Elementary School

Middle School

High School

Melvin E Sine School
Distance: N/A Miles
Glendale American School
Distance: N/A Miles
Distance: 1.17 Miles

Price History

12/5/2016 Listed $1,500,000
3/31/2017 1% - $1,495,000

1 Bedroom Units: Avg Rent 0.00
2 Bedroom Units: Avg Rent 750.00
3 Bedrooms Units: Avg Rent 0.00
3 Bedrooms Units: Avg Sqft 0
4 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Sqft 0
Listing Status Active
Net Income 121402.00
New Financing Conventional
Owner Pays Cable TV, Water, Trash, Sewer, Pool/Spa Maintenance, Landscaping
Property Type F
School District 040 - Glendale Elementary District
Special Incorporated Area
Tenant Pays Electric
Type ER
Year Built 1987
Zoning Multi

Interior Features

1 Bedroom Units: # 1 Bedroom Units 0
1 Bedroom Units: # Baths 0
1 Bedroom Units: Avg Sqft 0
2 Bedroom Units: # 2 Bedroom Units 18
2 Bedroom Units: # Baths 2
2 Bedroom Units: Avg Sqft 960
3 Bedrooms Units: # 3 Bedroom Units 0
3 Bedrooms Units: # Baths 0
4 Bedrooms Units: # 4 Bedroom Units 0
4 Bedrooms Units: # Baths 0
Appliances Included Dishwasher, Washer/Dryer, Refrigerator, Other (See Remarks), F/S Oven/Range, Disposal
Cooling Electric Refrigeratd, Individual
Electric APS, Individual Meter
Floors Carpet, Vinyl/Composition, Concrete, Ceramic Tile
Gas None
Heating Ceiling Fan(s), Individual, Electric
Interior Features Fire/Smoke Alarm(s), Unfurnished, Mini Blinds
Total Number of Units 18.00

Exterior Features

Complex Features Barbecue Area(s), Pool(s)
Const - Finish Painted, Stucco
Construction Frame - Wood
Covered Parking Spcs 0.00
Exterior Features Cable TV Available, Separate Storage, Patio/Balcony, Landscape Wtr System, Fenced
Parking >1 Space Per Unit, Paved Parking, Free
Roof All Tile
Sewer Sewer - Public, Sewer-In & Connected
Total Parking Spcs 30.00
Water City Franchise

Property Schools

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Gallery (13 photos)

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Property vs Zip Code Avg (85301)

Price 1.53M Avg 242K

Sqr Feet 17,280 Avg 2,495

Cost / Sqr Ft $89 Avg $97

Taxes $9,408 Avg $1,295

Visits 83 Avg 97

Days on Site 175 Avg 48

Walkscore® 65 Avg 51

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Listing Provided Courtesy Of: Rapido Realty, LLC

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Location & Address

Sean Aske
2353 E. Baseline Road
Gilbert, AZ

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