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Executive Summary

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 14 two-bedroom units (93%) and 1 three-bedroom house (7%), offering an average of ±672 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.

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Property Facts

Price $3,267,863 CAD
Price Per Unit $217,858 CAD
Sale Type Investment
No. Units 15
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.32 AC
Building Size 10,075 SF
No. Stories 2
Year Built 1965
Parking Ratio 1.59/1,000 SF
Opportunity Zone Yes
Zoning R-4, Glendale

Amenities

Unit Amenities

  • Heating
  • Kitchen
  • Refrigerator
  • Range
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • Courtyard
  • Picnic Area
  • Walk-Up
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 14 - 650
3+1 1 - 975
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 147-25-038
  • 147-25-037
Land Assessment
$5,152 CAD
Improvements Assessment
$0 CAD
Total Assessment
$51,520 CAD
  • Listing ID: 39915430

  • Date on Market: 2026-03-26

  • Last Updated:

  • Address: 5623 W Myrtle Ave, Glendale, AZ 85301

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