5623 W Myrtle Avenue new Save Request In-Person Tour Request Virtual Tour
Glendale,AZ 85301
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