UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 7013604
Year Built 1965
Annual Tax Amount $5,175
Tax Year 2025
Lot Dimensions 0.32
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
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.
Location
State AZ
County Maricopa
Area Maricopa
Zoning R-3
Interior
Heating Individual
Cooling Individual
Flooring Vinyl
Appliance Free-Standing Electric Oven, Washer/Dryer
Exterior
Parking Features >1 Space Per Unit
Community Features No Pool
Roof Type Composition
Private Pool No
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Others
Senior Community No
Tax ID 147-25-038
Acceptable Financing Conventional, 1031 Exchange
Disclosures None
Listing Terms Conventional, 1031 Exchange
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