5911 W LAMAR Road 1, Glendale, AZ 85301

$549,000
Property Type: Multiple Dwellings Status: Active
Current Price: $549,000 Last Modified: 7/08/2026

Overview

Description

FANTASTIC LOCATION! Cash cow with long term tenants. Located within walking distance to Historic Glendale shopping and restaurant fare. Minutes on Grand Ave puts you in downtown Phoenix. Close to all Westgate amenities and spring training venues. Studio units sustainably developed with tile counter tops, tiled showers, tiled floors, with very little to replace. Each unit features a private courtyard patio. Units separately metered for APS. Some deferred maintenance is necessary which is reflected in the price. Property is eligible for 1031 exchange. Includes 111-10-074 & 111-10-077

Listing Details MLS# 7051471

Location, Tax & Legal

House Number
5911
Compass
W
Street Name
LAMAR
St Suffix
Road
City/Town Code
Glendale
State/Province
AZ
Zip Code
85301
Zip4
3129
Country
US
County Code
Maricopa
Subdivision
ORCHARD ADD BLK 20-21-22 38-39-40 AMD
Assessor Number
144-10-071
Tax Year
2025
Unit #
Yes
Assessor's Map #
10
Legal Description (Abbrev)
ORCHARD ADD AMD PLAT OF BLKS 1,2,3 & 4 PT LOT 1 BLK 38 W2 OF W2
Assessor's Parcel #
71
Add'l Parcels
Yes
Tax Municipality
Glendale
Census Tract
92801
Taxes
999
Legal
ORCHARD ADD AMD PLAT OF BLKS 1,2,3 & 4 PT LOT 1 BLK 38 W2 OF W2
Marketing Name
unk

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
2250
Year Built
1960
Uncvrd Parking Spcs
6
Total # of Units
6
# of Buildings
3
Zoning
C-2
Flood Zone
No
Elementary School District
Glendale Elementary District
High School District
Glendale Union High School District

Remarks Misc

Cross Street
59th Ave & Glendale Ave
Directions
One block south of Glendale Ave, turn right on Lamar Rd. Property is on the left.

Legal Info

Township
2N
Range
2E
Section
7
Lot Number
Yes

Income Expenses

Gross Annual Sch Inc
68400
Net Operating Income
59424.05

More Information

Showing Notification Methods

Showing Service
Aligned Showings

Efficiency Units

# Efficiency Units
6
Avg Rent
925
Avg SqFt
333
# Baths
Yes

Project Type

5 - 12 Units
Yes

Construction

Block
Yes

Const - Finish

Stucco
Yes

Roofing

Rolled
Yes

Floors

Ceramic Tile
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Ins Exp
2349
Annual Landscape Exp
300
Annual Maint Exp
1000
Annual Wtr/Swr Exp
4327.05
Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
8975.05
Other Income
0
Vacancy Allowance
0.02
Adjusted Gross Inc
67032
Total Monthly Rental Income
5700

Pmt & Rate Info

Cap Rate
10.82
Equity
549000
Down Payment %
100
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Electric
Yes

Cooling

Window/Wall Unit
Yes

Tenant Pays

Electricity
Yes

Appliances Included

Free-Standing Electric Oven
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes
Master Meter
Yes

Sewer

Sewer - Public
Yes

Parking Features

1 Space/Unit
Yes

Electric

APS
Yes
Individual Meter
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Landscaping
Yes

New Financing

Cash
Yes
VA
Yes
Conventional
Yes
FHA
Yes
1031 Exchange
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

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: 5 - 12 Units Construction: Block Const - Finish: Stucco Roofing: Rolled Floors: Ceramic Tile Sale Includes: Land & Building Community Features: No Pool Appliances Included: Free-Standing Electric Oven Cooling: Window/Wall Unit Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: APS; Individual Meter Gas: None Parking Features: 1 Space/Unit Road Surface Type: Asphalt Owner Pays: Water; Landscaping Tenant Pays: Electricity Source of Fincl Data: Owner Lockbox Type: None New Financing: Cash; VA; FHA; Conventional; 1031 Exchange Environmental: None
IDX
Listing Office: Ivy Realty
Last Updated: July - 08 - 2026
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