5501 W ORANGEWOOD Avenue, Glendale, AZ 85301

$950,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $950,000 Last Modified: 9/04/2025

Description

ACCEPTING BACK-UP OFFERS. Property is Vacant. Exceptional Investment Opportunity!
Turn-Key Triplexes with Manager's Quarters in Glendale, AZ. Discover an incredible investment opportunity in the heart of Glendale with this fully renovated property featuring two beautifully remodeled triplexes and a centrally located manager's quarters or leasing office in the middle of both. Situated on a corner lot, this property is perfectly designed to attract residents seeking affordable alternatives to single-family housing while enjoying the conveniences of modern living. Why This Property Stands Out:
This charming garden-style community is fully fenced and boasts front and back courtyards, making it an ideal choice for supportive housing initiatives or non-profit developers.

Supplements: With excellent local and regional access, this property is perfectly positioned for young professionals, business representatives, and others who prefer to reside near work and recreation, without the maintenance and burdens of typical single-family homes. Property Highlights: Two triplexes**: Each of the six units features two bedrooms and one bath, measuring approximately 700 sq. ft. These single-level units come equipped with brand-new plumbing, electrical systems, flooring, cabinets, fixtures, and appliances, all creating a modern and welcoming atmosphere. The property is already plumbed for community washers and dryers. Thoughtfully designed with color and landscaping elements in mind, the buildings enhance the urban setting. ADA Compliant Manager's Quarters or Leasing Office. This central building is fully compliant with ADA standards, ensuring accessibility and convenience. Versatile Use: This property is perfect for a variety of community housing needs, including halfway homes, group homes, sober living facilities, clergy residences, or rectories. There is potential to lease each unit to tenants involved in state and federal programs, enabling strong returns while fulfilling vital community functions. Investment Potential: Each unit is separately metered for electricity, maximizing rental income. Manage one mortgage payment while enjoying the revenue from multiple units within a high-demand rental market. Fully Permitted & Inspected: The property is fully permitted, engineered, and inspected, complete with a Certificate of Occupancy. A recent consolidation of two lots into one promotes operational efficiency and streamlined management. New Driveway & Enhanced Curb Appeal: Featuring a brand-new driveway, the property not only enhances accessibility but also boosts the overall curb appeal. Community Focus & Location Advantages: Conveniently located on a corner lot, this property benefits from all city services and is situated in a desirable rental area, encouraging residents to engage with diverse housing initiatives. This community supports programs for veterans, victims of domestic violence, tribes, and other vulnerable populations, thereby strengthening community bonds. The site is ideally positioned within walking distance to abundant retail, restaurants, and entertainment, creating a sustainable, walk-friendly environment. Residents can easily utilize pedestrian and bike connections to surrounding amenities, promoting reduced vehicular traffic and a more sustainable lifestyle. Owner Motivated to Sell! Don't miss out on this exceptional turn-key opportunity! The value rooted in its "use" ensures this property is ready to serve the community while generating strong income potential. Explore the Possibilities! This is a rare gem that checks all the boxes for functionality and investment potential!

More Information MLS# 6828771

Contract Info

Ownership: Fee Simple Current Price: $950,000 Sold Price: $950,000 Status: Closed List Date: 2025-03-01

Location, Tax & Legal

Assessor's Map #: 24 Legal Description (Abbrev): CATLIN COURT LOT 5 BLK 20 EX N 7' RD Assessor's Parcel #: 145 Assessor Parcel Ltr: A Add'l Parcels: No Tax Municipality: Glendale Taxes: 2561 Legal: CATLIN COURT LOT 5 BLK 20 EX N 7' RD Marketing Name: 2 Triplex in Glendale House Number: 5501 Compass: W Street Name: ORANGEWOOD St Suffix: Avenue City/Town Code: Glendale State/Province: AZ Zip Code: 85301 County Code: Maricopa Subdivision: CATLIN COURT BLK 1, 2, 6 & 7 Assessor Number: 147-24-145-A Tax Year: 2024

General Property Description

# of Buildings: 3 Uncvrd Parking Spcs: 6 Lot Size Dimensions: 123.8' x 110' Flood Zone: TBD Total # of Units: 6 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 Year Built: 1963 Zoning: R1-6

Legal Info

Range: 2E Section: 5 Township: 2N Lot Number: 5/6 combined

Project Type

Tri-Plex: 1

Other Type

House + Rental Units: 1

Construction

Wood Frame: 1

Const - Finish

Painted: 1 Stucco: 1

Roofing

Composition: 1

Floors

Vinyl: 1

Sale Includes

Building(s) Only: 1 Land & Building: 1

Income & Expenses

Owner Association: No Annual Ownr Asoc Fee: 0 Operating Exp: 2561 Other Income: 0 Vacancy Allowance: 0 Adjusted Gross Inc: 0

Pmt & Rate Info

Equity: 1075000 Down Payment %: 0 Monthly Payments: 0 Total Owed: 0

Showing Notification Methods

Showing Service: Aligned Showings Text: 1 Email: 1 Phone Call: 1

Lockbox Type

Supra: 1

Community Features

No Pool: 1 Manager Res/Office: 1 See Remarks: 1

Heating

Electric: 1

Cooling

Ceiling Fan(s): 1 Electric: 1

Exterior Amenities

Desert Landscaping: 1 Sidewalk(s): 1

Interior Features

Unfurnished: 1 Fire/Smoke Alarm(s): 1 Vertical Blinds: 1 Mini Blinds: 1

Tenant Pays

Water: 1 Electricity: 1 Cable TV: 1

Appliances Included

Microwave: 1 Refrigerator: 1

Road Surface Type

Asphalt: 1

Source of Fincl Data

Owner: 1 Projected Proforma: 1

Water Source

City Franchise: 1

Sewer

Sewer - Public: 1

Parking Features

Free: 1 1 Space/Unit: 1

Electric

APS: 1

Gas

None: 1

Owner Pays

Sewer: 1 Trash Collection: 1 Landscaping: 1 See Remarks: 1

New Financing

Cash: 1 Cash to Loan: 1 Conventional: 1

Existing 1st Loan

Private: 1

Reports/Disclosures

Seller Prop Disc Stm: 1

Environmental

None: 1

Efficiency Units

# Efficiency Units: 1 Avg Rent: 0 Avg SqFt: 441 # Baths: 1

1 Bedroom Units

Avg Rent: 0

2 Bedroom Units

# 2 Bedroom Units: 6 Avg Rent: 0 Avg SqFt: 700 # Baths: 1

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Sold Info

Loan Type: Other Loan Years: 1 Closing Cost Split: Normal - N Payment Type: Other Buyer Concession to Seller: 0 Buyer Concession $/%: $ Seller Concession to Buyer: 10000 Seller Concession $/%: $

Remarks Misc

Cross Street: N 55th Ave + W Orangewood Ave Directions: From 101 Loop S, take Exit 51, merge onto 202 Loop W. Merge onto I-10 W. Take Exit 143C. Right on 19th Ave. Slight left on Grand Ave. Slight right on 55th Ave. Left on Orangewood then immediate left. Geo Lat: 33.545541 Geo Lon: -112.177763

Status Change Info

Off Market Date: 2025-08-04 Under Contract Date: 2025-07-15 Close of Escrow Date: 2025-08-04 Sold Price: $950,000

Property Features

Project Type: Tri-Plex Other Type: House + Rental Units Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Composition Floors: Vinyl Sale Includes: Building(s) Only; Land & Building Community Features: No Pool; Manager Res/Office; See Remarks Exterior Amenities: Desert Landscaping; Sidewalk(s) Interior Features: Unfurnished; Fire/Smoke Alarm(s); Vertical Blinds; Mini Blinds Appliances Included: Refrigerator; Microwave Cooling: Ceiling Fan(s); Electric Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Parking Features: 1 Space/Unit; Free Road Surface Type: Asphalt Owner Pays: Trash Collection; Landscaping; See Remarks Tenant Pays: Water; Electricity; Cable TV Source of Fincl Data: Owner; Projected Proforma Showing Notification Methods: Text; Email; Phone Call Lockbox Type: Supra Existing 1st Loan: Private New Financing: Cash; Cash to Loan; Conventional Environmental: None
Listing Office: Coldwell Banker Realty
IDX
Last Updated: September - 04 - 2025
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