6118 W MORTEN Avenue, Glendale, AZ 85301
$899,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$899,000
Last Modified:
1/30/2026
Description
Investor Opportunity! Large 2 bed/1.5bath units with ensuite laundry, private yards and more. All 4 units are rented on 1 year lease, with staggering expirations. Close to A-rated schools, shopping, amenities and commuter highways. Great cashflow and stable operations.
More Information MLS# 6977193
Contract Info
Ownership: Fee Simple
Current Price: $899,000
List Price: $899,000
Status: Active
List Date: 2026-01-30
Location, Tax & Legal
Assessor's Map #: 39
Legal Description (Abbrev): LOT 5 JUSTIN WAYNE PHASE 1 MCR 025819
Assessor's Parcel #: 36
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Census Tract: 92600
Taxes: 2141
Legal: LOT 5, JUSTIN WAYNE PHASE I, MCR 025819
Marketing Name: MORTEN 4-PLEX
House Number: 6118
Compass: W
Street Name: MORTEN
St Suffix: Avenue
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85301
Zip4: 1250
County Code: Maricopa
Subdivision: JUSTIN WAYNE PHASE 1
Assessor Number: 143-39-036
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 4
Lot Size Dimensions: 9548
Total # of Units: 4
Elementary School District: Glendale Elementary District
High School District: Glendale Union High School District
Elementary School: Glendale American School
Jr. High School: Glendale American School
Year Built: 1984
Zoning: R-3
Legal Info
Range: 2E
Section: 6
Township: 2N
Lot Number: 5
Project Type
Four Plex: 1
Other Type
Packaged Offering: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Ceramic Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 400
Annual Ins Exp: 2500
Annual Landscape Exp: 1200
Annual Mgmt Exp: 2400
Annual Wtr/Swr Exp: 4800
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 13441
Other Income: 0
Vacancy Allowance: 0.02
Adjusted Gross Inc: 84201.6
Pmt & Rate Info
Cap Rate: 8.37
Equity: 899000
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
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Ceiling Fan(s): 1
Electric: 1
Exterior Amenities
Desert Landscaping: 1
Curb(s) & Gutter(s): 1
Patio/Balcony: 1
Separate Storage: 1
Interior Features
Vertical Blinds: 1
Mini Blinds: 1
Tenant Pays
Electricity: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
Road Access Type
Dedicated Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Other (See Remarks): 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
1 Space/Unit: 1
Electric
APS: 1
Gas
None: 1
Owner Pays
Water: 1
Landscaping: 1
New Financing
Conventional: 1
Other (See Remarks): 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 956
Avg SqFt: 1044
# Baths: 15
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 59th Ave & Northern
Geo Lat: 33.547815
Geo Lon: -112.191668
Income Expenses
Gross Annual Sch Inc: 85920
Net Operating Income: 75226.51
Property Features
Project Type: Four Plex
Other Type: Packaged Offering
Construction: Wood Frame
Const - Finish: Painted
Roofing: Composition
Floors: Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Curb(s) & Gutter(s); Patio/Balcony; Separate Storage
Interior Features: Vertical Blinds; Mini Blinds
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Washer/Dryer
Cooling: Ceiling Fan(s); Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking Features: 1 Space/Unit
Road Access Type: Dedicated Street
Road Surface Type: Asphalt
Owner Pays: Water; Landscaping
Tenant Pays: Electricity
Source of Fincl Data: Owner; Other (See Remarks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
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 Othr Ln Trm: Not Applicable
New Financing: Conventional; Other (See Remarks)
Environmental: None
Listing Office:
XCD Realty & Property Mgmt
Last Updated: January - 30 - 2026
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