Log In/Sign Up
Your email has been sent.
7162 N 57th Ave
Glendale, AZ 85301
Catlin Court · Multifamily Property For Sale
·
3 Units
Investment Highlights
- Built in 1954 with PAD zoning
- Strong demand for small multifamily assets in the area
- Flexible live-work and value-add potential
Executive Summary
7162 N 57th Avenue presents an opportunity to acquire a three-unit multifamily property in the Glendale submarket. Built in 1954, the property
features a diverse unit mix consisting of one three-bedroom/one-bath unit, one studio unit, and one two-bedroom/one-bath unit, offering flexibility
to accommodate a variety of tenant profiles and rental demand.
The property is currently 66% occupied, providing investors with immediate upside through lease stabilization, rental increases, or repositioning
strategies. Zoned PAD, the asset benefits from unique live-work and flexible-use potential that differentiates it from traditional small multifamily
product in the area.
Offered at $440,000 ($146,667 /unit), the property presents a value-add investment opportunity within a market experiencing continued demand
for attainable housing and small multifamily assets. Limited comparable triplex inventory throughout the surrounding area continues to support
long-term investor demand and appreciation potential.
features a diverse unit mix consisting of one three-bedroom/one-bath unit, one studio unit, and one two-bedroom/one-bath unit, offering flexibility
to accommodate a variety of tenant profiles and rental demand.
The property is currently 66% occupied, providing investors with immediate upside through lease stabilization, rental increases, or repositioning
strategies. Zoned PAD, the asset benefits from unique live-work and flexible-use potential that differentiates it from traditional small multifamily
product in the area.
Offered at $440,000 ($146,667 /unit), the property presents a value-add investment opportunity within a market experiencing continued demand
for attainable housing and small multifamily assets. Limited comparable triplex inventory throughout the surrounding area continues to support
long-term investor demand and appreciation potential.
Property Facts
| Price Per Unit | $203,906 CAD | Building Size | 2,418 SF |
| Sale Type | Investment | Average Occupancy | 66% |
| No. Units | 3 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1954/2023 |
| Property Subtype | Apartment | Parking Ratio | 4.1/1,000 SF |
| Apartment Style | Garden | Cross Streets | Myrtle Ave |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.16 AC | ||
| Zoning | PAD - PAD Planned Area Development | ||
| Price Per Unit | $203,906 CAD |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 2,418 SF |
| Average Occupancy | 66% |
| No. Stories | 1 |
| Year Built/Renovated | 1954/2023 |
| Parking Ratio | 4.1/1,000 SF |
| Cross Streets | Myrtle Ave |
| Opportunity Zone |
Yes |
| Zoning | PAD - PAD Planned Area Development |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 2+1 | 1 | - | - |
| 3+1 | 1 | - | - |
Property Taxes
| Parcel Number | 147-25-132 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $33,214 CAD |
Property Taxes
Parcel Number
147-25-132
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$33,214 CAD
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
