5501 W ORANGEWOOD Avenue Glendale, AZ 85301
UPDATED:
03/04/2025 02:30 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Catlin Court Blk 1, 2, 6 & 7
MLS Listing ID 6828771
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1963
Annual Tax Amount $2,561
Tax Year 2024
Lot Dimensions 123.8' x 110'
Property Description
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!
Location
State AZ
County Maricopa
Community Catlin Court Blk 1, 2, 6 & 7
Zoning R1-6
Direction 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.
Interior
Heating Electric
Cooling Ceiling Fan(s), Electric
Flooring Vinyl
Appliance Microwave
Exterior
Parking Features Free, 1 Space/Unit
Community Features See Remarks, Manager Res/Office, No Pool
Roof Type Composition
Total Parking Spaces 6
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
Elementary Schools Glendale Landmark School
Middle Schools Glendale Landmark School
High Schools Glendale High School
School District Glendale Union High School District
Others
Senior Community No
Tax ID 147-24-145-A
Acceptable Financing CTL, Conventional
Listing Terms CTL, Conventional
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