5501 W ORANGEWOOD Avenue, Glendale, AZ 85301

$1,260,000
Property Type: Multiple Dwellings Status: Active
Current Price: $1,260,000 Last Modified: 5/21/2025

Description

Exceptional Investment Opportunity!
Turn-Key Triplexes with Manager's Quarters in Glendale, AZ. Discover an incredible investment opportunity in the heart of Glendale with this fully renovated property featuring two beautifully remodeled triplexes and a centrally located manager's quarters or leasing office in the middle of both. Situated on a corner lot, this property is perfectly designed to attract residents seeking affordable alternatives to single-family housing while enjoying the conveniences of modern living. Why This Property Stands Out:
This charming garden-style community is fully fenced and boasts front and back courtyards, making it an ideal choice for supportive housing initiatives or non-profit developers.

Supplements: With excellent local and regional access, this property is perfectly positioned for young professionals, business representatives, and others who prefer to reside near work and recreation, without the maintenance and burdens of typical single-family homes. Property Highlights: Two triplexes**: Each of the six units features two bedrooms and one bath, measuring approximately 700 sq. ft. These single-level units come equipped with brand-new plumbing, electrical systems, flooring, cabinets, fixtures, and appliances, all creating a modern and welcoming atmosphere. Thoughtfully designed with color and landscaping elements in mind, the buildings enhance the urban setting. ADA Compliant Manager's Quarters or Leasing Office. This central building is fully compliant with ADA standards, ensuring accessibility and convenience. Versatile Use: This property is perfect for a variety of community housing needs, including halfway homes, group homes, sober living facilities, clergy residences, or rectories. There is potential to lease each unit to tenants involved in state and federal programs, enabling strong returns while fulfilling vital community functions. 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!

More Information MLS# 6828771

Contract Info

Current Price: $1,260,000 List Price: $1,260,000 Status: Active List Date: 2025-03-01 Ownership: Fee Simple

Location Tax Legal

House Number: 5501 Compass: W Street Name: ORANGEWOOD St Suffix: Avenue City/Town Code: Glendale State/Province: AZ Zip Code: 85301 Country: US County Code: Maricopa Subdivision: CATLIN COURT BLK 1, 2, 6 & 7 Assessor Number: 147-24-145-A Tax Year: 2024

General Property Description

Lot Size Dimensions: 123.8' x 110' Year Built: 1963 Uncvrd Parking Spcs: 6 Total # of Units: 6 # of Buildings: 3 Zoning: R1-6 Flood Zone: TBD Elementary School District: Glendale Elementary District High School District: Glendale Union High School District Elementary School: Glendale Landmark School Jr. High School: Glendale Landmark School High School: Glendale High School

Remarks Misc

Cross Street: N 55th Ave + W Orangewood Ave Directions: 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. Geo Lat: 33.545541 Geo Lon: -112.177763

Status Change Info

Status Change Date: 2025-03-01

Legal Info

Township: 2N Range: 2E Section: 5 Lot Number: 5/6 combined

Showing Notification Methods

Showing Service: Aligned Showings

Efficiency Units

# Efficiency Units: 1 Avg SqFt: 441 # Baths: 1

2 Bedroom Units

# 2 Bedroom Units: 6 Avg SqFt: 700 # Baths: 1

Property Features

Project Type: Tri-Plex Other Type: House + Rental Units Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Composition Floors: Vinyl Sale Includes: Building(s) Only; Land & Building Community Features: No Pool; Manager Res/Office; See Remarks Exterior Amenities: Desert Landscaping Interior Amenities: Unfurnished; Fire/Smoke Alarm(s); Vertical Blinds; Mini Blinds Appliances Included: Refrigerator; Microwave Cooling: Ceiling Fan(s); Electric Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Parking Features: 1 Space/Unit; Free Owner Pays: Trash Collection; Landscaping; See Remarks Tenant Pays: Water; Electricity; Cable TV Source of Fincl Data: Owner; Projected Proforma Showing Notification Methods: Text; Email; Phone Call Lockbox Type: Supra Existing 1st Loan: Private New Financing: Cash; CTL; Conventional Environmental: None
Listing Office: Coldwell Banker Realty
Last Updated: May - 21 - 2025
5501 W ORANGEWOOD Avenue, Glendale, AZ 85301- MLS# 6828771
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