5207 W MYRTLE Avenue, Glendale, AZ 85301

$660,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $660,000 Last Modified: 7/29/2025

Overview

Description

This 7 unit property provides the opportunity for an investor to get into the multi-family market, or add to a current portfolio. This is a rehab opportunity where there will need to be renovation done in the units. You can create your own amazing rental units in order to maximize the rental opportunities. Just minutes from Downtown Glendale. There are plenty of shopping and dining options in the area and your are just minutes away from some schooling choices.

Listing Details MLS# 6804197

Location, Tax & Legal

House Number
5207
Compass
W
Street Name
MYRTLE
St Suffix
Avenue
City/Town Code
Glendale
State/Province
AZ
Zip Code
85301
Zip4
2000
Country
US
County Code
Maricopa
Subdivision
PARK PLACE BLKS 1,3,4
Assessor Number
147-16-010-A
Tax Year
2024
Assessor's Map #
16
Legal Description (Abbrev)
PARK PLACE MCR 4/40 E 52F OF W 106.5F LT 5 BLK 1
Assessor's Parcel #
10
Assessor Parcel Ltr
A
Add'l Parcels
No
Tax Municipality
Glendale
Census Tract
92500
Taxes
0
Legal
PARK PLACE MCR 4/40 E 52F OF W 106.5F LT 5 BLK 1
Marketing Name
Park Place

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
20,017 sq ft
Year Built
1962
Uncvrd Parking Spcs
Yes
Total # of Units
7
# of Buildings
2
Zoning
PUD/Multifamily
Flood Zone
TBD
Elementary School District
Glendale Elementary District
High School District
Glendale Union High School District
Elementary School
Glendale Landmark School
Jr. High School
Glendale Landmark School
High School
Glendale High School

Remarks Misc

Cross Street
51st Ave/Glendale
Directions
Just north of Glendale on 51st Ave, go west on Myrtle. The property is on the south side of the street.

Status Change Info

Off Market Date
2025-07-25
Under Contract Date
2025-05-20
Close of Escrow Date
2025-07-28

Legal Info

Township
2N
Range
2E
Section
5
Lot Number
5

More Information

Showing Notification Methods

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

1 Bedroom Units

# 1 Bedroom Units
4
Avg Rent
4

2 Bedroom Units

# 2 Bedroom Units
3
Avg Rent
3

Sold Info

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

Project Type

Tri-Plex
Yes
Four Plex
Yes

Construction

Block
Yes
Wood Frame
Yes

Const - Finish

Painted
Yes

Roofing

Composition
Yes

Floors

Concrete
Yes
Vinyl
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
0
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0
Total Monthly Rental Income
0

Pmt & Rate Info

Equity
769000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

See Private Remarks
Yes
None
Yes

Community Features

No Pool
Yes

Heating

Ceiling
Yes

Cooling

Central Air
Yes

Tenant Pays

Electricity
Yes
Cable TV
Yes

Appliances Included

Other
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Projected Proforma
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

1 Space/Unit
Yes

Electric

APS
Yes

Gas

SW Gas
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

Cash
Yes
No Carry
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Existing 1st Loan Type

Not Applicable
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: Tri-Plex; Four Plex Construction: Block; Wood Frame Const - Finish: Painted Roofing: Composition Floors: Concrete; Vinyl; Carpet Sale Includes: Land & Building Community Features: No Pool Appliances Included: Other Heating: Ceiling Cooling: Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: 1 Space/Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Cable TV Source of Fincl Data: Projected Proforma Showing Notification Methods: Text; Email; Phone Call Lockbox Type: See Private Remarks; None Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable New Financing: Cash; No Carry Environmental: None
IDX
Listing Office: Petersen Realty
Last Updated: July - 29 - 2025
Broker Attribution: 6024100228

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