Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 6678858
Maintenance Fees $5,400
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1982
Annual Tax Amount $2,490
Tax Year 2024
Lot Dimensions 0.42
Property Description
intersection, Morten Avenue (''the property'') has the extreme
advantage of Grand Canyon University being less than four miles
away. The property is also primely positioned for immediate access
to some of The Valley's major transportation arteries. The Interstate
17 (I-17) ,as well as access to the Valley Metro Light Rail are both
less than half a mile away, providing effortless transportation and
reasonable commute times to destinations all across the Phoenix
metro. Ample employment opportunities are found through the
nearby I-17 Employment Corridor, boasting more than 43,000
employees across ±1,200 businesses. Additionally, the property sits between Chirstown Spectrum Mall - an iconic Phoenix retail center featuring Harkins Theaters, Walmart, and Target - and Metrocenter Mall, which is currently undergoing a $1 Billion redevelopment.
Developed in 1982, Morten Avenue is a 9-unit multifamily community with a diverse unit mix featuring studio (±22%), one-bedroom (±33%), and two-bedroom (±45%) floorplans averaging ±556 square feet. Future ownership will have the opportunity to capitalize on below market rents already proven in the immediate area.
Location
State AZ
County Maricopa
Zoning R-3
Interior
Heating Individual, Electric, Ceiling
Cooling Individual, Electric, Ceiling Fan(s)
Flooring Carpet, Vinyl
Appliance F/S Oven/Range, Microwave
Exterior
Garage 1 Space/Unit, Street Parking
Community Features No Pool
Waterfront No
Roof Type Composition
Parking Type 1 Space/Unit, Street Parking
Total Parking Spaces 8
Building
Sewer Public Sewer
Water City Franchise
Schools
School District Glendale Union High School District
Others
Senior Community No
Tax ID 157-22-039
Acceptable Financing Conventional, 1031 Exchange
Listing Terms Conventional, 1031 Exchange
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