$690,000
Phoenix, AZ 85017
MLS# 6924642
1 / 21
Property Description
Prime Investment Opportunity! Commercial Multi-Dwelling/Business Property This property features 6 fully rented units, each with designated parking plus additional guest spaces. Ideally located near the I-17 freeway, Downtown Phoenix, and Grand Canyon University. Tenants enjoy accessibility and convenience. With steady rental income already in place and room for additional business potential, this is a rare chance for investors to expand their portfolio. Property sold AS-IS.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $690,000
List Price: $690,000
Status: Active
List Date: 2025-09-24
Location, Tax & Legal
Assessor's Map #: 18
Legal Description (Abbrev): W 70' OF E 302' OF S2 SW4 NW4 SW4 ALSO S 15' OF W 70' OF E 302' OF N2 SW4 NW4 SW4 EX S 30' RD
Assessor's Parcel #: 25
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 109001
Taxes: 1606
Legal: W 70' OF E 302' OF S2 SW4 NW4 SW4 ALSO S 15' OF W 70' OF E 302' OF N2 SW4 NW4 SW4 EX S 30' RD
Marketing Name: PHOENIX C-2, Multi-Dwell
House Number: 2612
Compass: W
Street Name: GLENROSA
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85017
Zip4: 4311
County Code: Maricopa
Assessor Number: 154-18-025-A
Tax Year: 2024
General Property Description
# of Buildings: 3
Uncvrd Parking Spcs: 0
Lot Size Dimensions: 21,780 sq ft
Total # of Units: 6
Elementary School District: Alhambra Elementary District
High School District: Phoenix Union High School District
Year Built: 1957
Zoning: C-2
Legal Info
Range: 2E
Section: 24
Township: 2N
Lot Number: .
Project Type
5 - 12 Units: 1
Construction
Block: 1
Wood Frame: 1
Steel Frame: 1
Slump Block: 1
Const - Finish
Wood Siding: 1
Painted: 1
Stucco: 1
Roofing
Composition: 1
Rolled: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 345
Annual Ins Exp: 3713
Annual Landscape Exp: 1920
Annual Maint Exp: 4000
Annual Trash Exp: 8200
Annual Wtr/Swr Exp: 7503.94
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 27287.94
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 37620
Pmt & Rate Info
Cap Rate: 2.46
Equity: 725000
Down Payment %: 20
Monthly Payments: 3300
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Natural Gas: 1
Cooling
Ceiling Fan(s): 1
Window/Wall Unit: 1
Tenant Pays
Gas: 1
Electricity: 1
Appliances Included
Free-Standing Electric Oven: 1
Free-Standing Gas Oven: 1
Refrigerator: 1
Road Surface Type
Dirt: 1
Gravel: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1
1 Space/Unit: 1
Add'l Parking Avail: 1
Other: 1
Electric
SRP: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Cash: 1
Conventional: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Efficiency Units
# Efficiency Units: 6
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 4
Avg Rent: 500
Avg SqFt: 1973
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 600
Avg SqFt: 254
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 700
Avg SqFt: 907
# Baths: 1
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 27th Avenue and Glenrosa.
Directions: From I-10, travel north on 27th Avenue, past Indian School Rd., make a right on Glenrosa. Property will be on be on the left.
Geo Lat: 33.4991
Geo Lon: -112.11574
Income Expenses
Gross Annual Sch Inc: 39600
Net Operating Income: 17833
Property Features
Project Type: 5 - 12 Units
Construction: Block; Wood Frame; Steel Frame; Slump Block
Const - Finish: Wood Siding; Painted; Stucco
Roofing: Composition; Rolled
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Appliances Included: Free-Standing Electric Oven; Free-Standing Gas Oven; Refrigerator
Heating: Natural Gas
Cooling: Ceiling Fan(s); Window/Wall Unit
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking Features: 1 Space/Unit; Add'l Parking Avail; Free; Other
Road Surface Type: Gravel; Dirt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Gas
Source of Fincl Data: Owner
Showing Notification Methods: Text; Email
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
New Financing: Cash; Conventional
Environmental: None
Listing Office: Realty ONE Group
Last Updated: January - 21 - 2026
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