AZ > Glendale
Glendale, AZ 85301,5623 W Myrtle Avenue
Glendale, AZ 85301,5623 W Myrtle Avenue
Glendale, AZ 85301,5623 W Myrtle Avenue
Glendale, AZ 85301,5623 W Myrtle Avenue
Glendale, AZ 85301,5623 W Myrtle Avenue
Glendale, AZ 85301,5623 W Myrtle Avenue
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Todd Morris

Todd Morris

RETSY

+1(602) 491-1535
$ 2,799,000
Est. payment | /mo
Save
$ 2,799,000
Est. payment | /mo
Save

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 6828869

Maintenance Fees $7,836

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 1965

Annual Tax Amount $5,228

Tax Year 2025

Lot Dimensions 0.32

Property Description

Positioned just north of the Glendale Avenue and 57th Avenue intersection in the charming Caitlin Court historic district sits Myrtle Court (''the property''), a fully renovated 15-unit multifamily community. The asset's proximity and direct exposure to Glendale Avenue provides excellent visibility from one of the primary roadways in Phoenix's West Valley Submarket. Positioned approximately 3-miles from Glendale's Westgate Entertainment District and the Cardinal's Statefarm Stadium offering residents access to premier entertainment and dining experiences, including NFL Football Games, concerts, and much more. In addition, the TSMC Campus, representing Arizona's largest foreign direct investment in the state's history, has been a primary catalyst to the West Valley's boom. TSMC's Campus is expected to total $40B in capital investment, add ±24,000 new jobs and 40 new companies relating to the Advanced Manufacturing sector coming to the surrounding area as a direct result of this monumental project. The West Valley is also home to some of The Valley's top major employment corridors, including, Loop 101 West Corridor, South Peoria Corridor, and SW Valley Industrial Corridor, boasting a combined ±148,000 employees and ±3,900 businesses.
Completed in 1965 and renovated in 2024, Myrtle Court is comprised of 14 two-bedroom units (93%) and 1 three-bedroom house (7%), offering an average of ±672 square feet. All unit interiors have been Completely renovated with new stainless-steel appliances, cabinets, flooring, quartz countertops, hardware and fixtures. In addition, the entire community has been renovated inclusive of smooth stucco, paint, landscaping, community laundry room, windows, electrical, roofs and mini-split HVAC systems.

Location

State AZ

County Maricopa

Zoning R-3

Interior

Heating Electric

Cooling Electric

Flooring Vinyl

Appliance F/S Oven/Range, Microwave, Washer/Dryer

Exterior

Parking Features >1 Space Per Unit

Community Features No Pool

Roof Type Composition

Total Parking Spaces 20

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Others

Senior Community No

Tax ID 147-27-037

Acceptable Financing Conventional, 1031 Exchange

Listing Terms Conventional, 1031 Exchange

Arizona Regional MLS (ARMLS)

Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Listed by Marcus & Millichap

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agent
Todd Morris

Agent | License ID: SA683651000

+1(602) 491-1535

7316 E 6th Ave, Scottsdale, AZ, 85251

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5623 W Myrtle Avenue

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