2421 W GLENROSA Avenue, Phoenix, AZ 85015 (MLS# 6801309)

2421 W GLENROSA Avenue, Phoenix, AZ 85015

$880,000

Virtual Tour

https://dashboard.listerassister.com/anon/website/virtual_tour/662211?view=mls

Property Type: Multiple Dwellings Status: Active

Current Price: $880,000 Last Modified: 5/11/2026

Overview

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.

Listing Details MLS# 6801309

Location, Tax & Legal

House Number: 2421
Compass: W
Street Name: GLENROSA
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85015
Zip4: 0007
Country: US
County Code: Maricopa
Subdivision: FRUITLAND ACRES
Assessor Number: 154-28-024
Tax Year: 2024
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

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 300' x 82.74'
Year Built: 1965
Uncvrd Parking Spcs: 5
Total # of Units: 5
# of Buildings: 2
Zoning: R-3
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

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.

Legal Info

Township: 2N
Range: 2E
Section: 24
Lot Number: 13

Income Expenses

Gross Annual Sch Inc: 82728
Net Operating Income: 61032

More Information

Showing Notification Methods

Showing Service: No Showing Service Used
Text: Yes
Phone Call: Yes

1 Bedroom Units

# 1 Bedroom Units: 2
Avg Rent: 1329
Avg SqFt: 655
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: 3
Avg Rent: 1411
Avg SqFt: 655
# Baths: Yes

Project Type

5 - 12 Units: Yes

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Composition: Yes

Floors

Vinyl: Yes
Ceramic Tile: Yes

Sale Includes

Land & Building: Yes

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

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Electric: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes
Electric: Yes

Exterior Amenities

Fenced: Yes
Cable TV Available: Yes

Interior Features

Fire/Smoke Alarm(s): Yes
Mini Blinds: Yes

Tenant Pays

Cable TV: Yes

Appliances Included

Dishwasher: Yes
Disposal: Yes
Microwave: Yes
Refrigerator: Yes
Built-In Range: Yes
Free-Standing Range: Yes
W/D Hookup: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes
Projected Proforma: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Carport: Yes
Free: Yes
<1 Space Per Unit: Yes
Paved: Yes
Other: Yes

Electric

APS: Yes
Master Meter: Yes

Gas

SW Gas: Yes

Owner Pays

Water: Yes
Sewer: Yes
Electric: Yes
Trash Collection: Yes
Landscaping: Yes

New Financing

Cash: Yes
Conventional: Yes

Existing 1st Loan

Conventional: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

Efficiency Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

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: May - 11 - 2026