5623 W Myrtle Avenue, Glendale, AZ 85301

$2,350,000

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List Price
$2,350,000
Days on Market
104
Status
ACTIVE
MLS#
7013604
City
Glendale
Year Built
1965

Property Description

Positioned just north of the Glendale Avenue and 57th Avenue intersection in the charming Caitlin Court historic district sits Myrtle Court (''the property''), a fully renovated 15-unit multifamily community. The asset's proximity and direct exposure to Glendale Avenue provides excellent visibility from one of the primary roadways in Phoenix's West Valley Submarket. Positioned approximately 3-miles from Glendale's Westgate Entertainment District and the Cardinal's Statefarm Stadium offering residents access to premier entertainment and dining experiences, including NFL Football Games, concerts, and much more. In addition, the TSMC Campus, representing Arizona's largest foreign direct investment in the state's history, has been a primary catalyst to the West Valley's boom. TSMC's Campus is expected to total $40B in capital investment, add ±24,000 new jobs and 40 new companies relating to the Advanced Manufacturing sector coming to the surrounding area as a direct result of this monumental project. The West Valley is also home to some of The Valley's top major employment corridors, including, Loop 101 West Corridor, South Peoria Corridor, and SW Valley Industrial Corridor, boasting a combined ±148,000 employees and ±3,900 businesses. Completed in 1965 and renovated in 2024, Myrtle Court is comprised of 1 one-bedroom unit (7%),13 two-bedroom units (86%), and 1 three-bedroom house (7%), offering an average of ±690 square feet. All unit interiors have been completely renovated with new stainless-steel appliances, cabinets, flooring, quartz countertops, hardware and fixtures. In addition, the entire community has been renovated inclusive of smooth stucco, paint, landscaping, community laundry room, windows, electrical, roofs and mini-split HVAC systems.

Additional Information

Community Features
No Pool
Construction
Block, Stucco
Cooling
Varies by Unit
Electric
SRP
Heating
Varies by Unit
New Financing
Conventional, 1031 Exchange, Cash
Parking Features
>1 Space Per Unit
Roofing
Composition
Taxes
$5,175
Tax Year
2025
Tenant Pays
Electricity
Units
15
Water
City Franchise
Zoning
R-3

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Marcus & Millichap.

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