2632 E GLENROSA Avenue 10, Phoenix, AZ 85016 (MLS# 5944514)

2632 E GLENROSA Avenue 10, Phoenix, AZ 85016

$680,000

Property Type: Land Lot Size (sq. ft.): 18,057 Status: Closed

Current Price: $680,000 List Date: 7/16/2019 Last Modified: 8/07/2026

Overview

Description

Multifamily Development Opportunity! R-3 zoned land with numerous projects within the neighborhood selling through new product for $500,000-$600,000 per unit making this a great opportunity. Listing is for two adjacent residential lots totaling 0.41 acres. Assemblage opportunity with the neighboring parcels and build a development from 26th street to 27th street (30+ unit potential). Or simply improve the existing 5 units on the property and increase rents. Recent comps for renovated like kind product has sold for $180,000+ per unit making a post renovation value potential of $900,000+. Buyer to confirm zoning, density, value and all other development issues independently with City of Phoenix.

Listing Details MLS# 5944514

Location, Tax & Legal

Map Code/Grid: P35
House Number: 2632
Compass: E
Street Name: GLENROSA
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85016
Zip4: 5785
Country: US
County Code: Maricopa
Assessor Number: 163-08-011-A
Subdivision: CITRUS HEIGHTS LOTS 10-33
Tax Year: 2018
Lot #: 10
Assessor's Map #: 8
Legal Description (Abbrev): CITRUS HEIGHTS LOT 10 W 71F OF W 133F OF E 297.03 F TH/OF
Assessor's Parcel #: 11
Assessor Parcel Ltr: A
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 108400
Taxes: 4386

Contract Information

For Sale or Lease?: Sale
Type: Exclusive Right To Sell

General Property Description

Apx Total Acres: 0.41
Apx Total Acres G/N: G
Price Per Acre: 1704878.05
# Lots in Listing: 2
# Units Allowed: 6
Apx SqFt: 18057
Price Per SqFt: 38.71
Apx SqFt G/N: G
Lot Size Dimensions: 133x137
Irrigation District: SRP
Horses: N
Zoning: R-3
Elementary School District: Madison Elementary District
High School District: Phoenix Union High School District
Elementary School: Madison Elementary School
High School: Camelback High School

Remarks Misc

Cross Street: 32nd Street and Indian School
Directions: From 32nd Street and Indian School head West on Indian School, North on 27th Street, West on Glenrosa to property on North side.

Status Change Info

Off Market Date: 2019-07-16
Under Contract Date: 2019-07-01
Close of Escrow Date: 2019-07-19

Legal Info

Township: 2N
Range: 3E
Section: 23
Lot Number: 10

More Information

Sold Info

Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession $/%: $
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Special Listing Cond

N/A: Yes

Pmt & Rate Info

Equity: 699000
Total Owed: 0

Assoc/Prop Info

HOA Y/N: N
PAD Fee Y/N: N
Assessed Balance: 0
HOA 2 Y/N: N

Showing Notification Methods

Phone Call: Yes

Lockbox Type

None: Yes

Existing Land Use

Residential Lot: Yes

Zoned Presently

Multi-Family: Yes

Potential Use

Single Family: Yes
Multi-Family: Yes

Parcel Size

.25 - .49 Acres: Yes

Current Density

11 - 15 Units P/Acre: Yes

Land Features

North/South Exp: Yes

Land Configuration

Square Rectangular: Yes

Road Surface Type

Asphalt: Yes

Water Source

City Franchise: Yes

Freeway/Highway

1.1 - 2 Miles: Yes
2.1 - 5 Miles: Yes

Sewer

Sewer - Public: Yes

Electric

SRP: Yes

Topography

Level: Yes

Gas

SW Gas: Yes

Existing Structures

Residence: Yes

Distance to Cable

On Property: Yes

New Financing

Cash: Yes
Conventional: Yes

Distance to Phone

On Property: Yes

Distance to Water

On Property: Yes

Existing 1st Loan

Private: Yes

Distance to Electric

On Property: Yes

Existing 1st Loan Type

Fixed: Yes

Distance to Gas

On Property: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Distance to Sewer

On Property: Yes

Existing 2nd Loan

Treat as Free&Clear: Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Treat as Free&Clear: Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

None: Yes

Existing Other Loan

Not Applicable: Yes

Property Features

Special Listing Cond: N/A Existing Land Use: Residential Lot Zoned Presently: Multi-Family Potential Use: Single Family; Multi-Family Parcel Size: .25 - .49 Acres Current Density: 11 - 15 Units P/Acre Land Features: North/South Exp Land Configuration: Square Rectangular Road Surface Type: Asphalt Topography: Level Existing Structures: Residence Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: SW Gas Distance to Cable: On Property Distance to Phone: On Property Distance to Water: On Property Distance to Electric: On Property Distance to Gas: On Property Distance to Sewer: On Property Existing 1st Loan: Private Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Other Loan: Not Applicable New Financing: Cash; Conventional Environmental: None Showing Notification Methods: Phone Call Lockbox Type: None

Listing Office: NORTH&CO.

Last Updated: August - 07 - 2026