519 W GLENROSA Avenue, Phoenix, AZ 85013

$2,999,000
Property Type: Multiple Dwellings Status: Active
Current Price: $2,999,000 Last Modified: 6/28/2025

Overview

Description

Discover an unparalleled opportunity in the heart of Midtown Phoenix's Melrose District with this extraordinary 2.43-acre parcel of land, presenting a prime multifamily builder opportunity. Boasting approved plans for a 39-unit condominium/apartment building, this property is poised for immediate development. Special financing terms make this venture even more enticing, and with a remarkable 83 Walk Score, future residents will enjoy convenient access to a plethora of amenities. Don't miss out on this chance to shape the landscape of the vibrant Melrose District. Inquire about special seller financing! This is a rare and promising investment opportunity that awaits your vision and creativity.

Listing Details MLS# 6886048

Location, Tax & Legal

House Number
519
Compass
W
Street Name
GLENROSA
St Suffix
Avenue
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85013
Zip4
3055
Country
US
County Code
Maricopa
Subdivision
PARK FIFTH AVENUE CONDOMINIUMS
Assessor Number
155-33-291
Tax Year
2024
Assessor's Map #
33
Legal Description (Abbrev)
LOT 152 PARK FIFTH AVENUE CONDOMINIUMS MCR 025232
Assessor's Parcel #
291
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
117100
Taxes
109
Legal
LOT 152 PARK FIFTH AVENUE CONDOMINIUMS MCR 025232
Marketing Name
PARK 5TH AVE CONDOMINIUMS

Contract Info

Ownership
Condominium

General Property Description

Lot Size Dimensions
Irregular
Year Built
2026
Zoning
R-4
Elementary School District
Osborn Elementary District
High School District
Phoenix Union High School District
Elementary School
Encanto School
Jr. High School
Osborn Middle School
High School
Central High School
# of Buildings
0
Uncvrd Parking Spcs
0
Total # of Units
0

Remarks Misc

Cross Street
W GLENROSA AVE & N 5TH AVE
Directions
FROM CENTRAL AVE HEAD WEST ON GLENROSA AVE, RIGHT ONTO 5TH AVE. PROPERTY IS ON LEFT.

Legal Info

Township
2N
Range
3E
Section
20
Lot Number
152

Showing Notification Methods

Showing Service
Aligned Showings
Text
Yes
Email
Yes
Phone Call
Yes

More Information

Project Type

25 - 50 Units
Yes

Construction

See Remarks
Yes

Const - Finish

Other (See Remarks)
Yes

Roofing

Other
Yes

Floors

Other
Yes

Sale Includes

Other (See Remarks)
Yes

Income & Expenses

Owner Association
Yes
Annual Ownr Asoc Fee
0
Operating Exp
109
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0

Pmt & Rate Info

Equity
2999000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

Other
Yes

Heating

Electric
Yes

Cooling

See Remarks
Yes

Exterior Amenities

Other (See Remarks)
Yes

Interior Features

Other (See Remarks)
Yes

Tenant Pays

Other (See Remarks)
Yes

Appliances Included

Other
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Other (See Remarks)
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

None
Yes

Electric

APS
Yes

Gas

None
Yes

Owner Pays

Other
Yes

New Financing

Cash
Yes
Conventional
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

2 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: 25 - 50 Units Construction: See Remarks Const - Finish: Other (See Remarks) Roofing: Other Floors: Other Sale Includes: Other (See Remarks) Community Features: Other Exterior Amenities: Other (See Remarks) Interior Features: Other (See Remarks) Appliances Included: Other Cooling: See Remarks Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Parking Features: None Road Surface Type: Asphalt Owner Pays: Other Tenant Pays: Other (See Remarks) Source of Fincl Data: Other (See Remarks) Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None New Financing: Cash; Conventional Environmental: None
IDX
Listing Office: Grigg's Group Powered by The Altman Brothers
Last Updated: June - 28 - 2025
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