Glenn Isle
22 Unit Apartment Building | $4,100,000 ($186,364/Unit) | Glendale, AZ 85303
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $4,100,000
- Property Type
-
Multifamily
- Square Feet
- 11,900 SF
Listing Contacts
Paul Bay
Verified Profile
Darrell Moffitt
Verified Profile
Adam Saylor
Verified Profile
- Property Info
Property Overview
Stationed along Glendale Avenue just west of 67th Avenue, Glenn Isle (“the property”) is a 22-unit multifamily community with a unit mix consisting of both one-bedroom units and two-bedroom units. 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.
Property Details
- Class
- C
- Year Built/Renovated
- 1970/2016
- Stories
- 1
- Lot Size (sq. ft)
- 30,492 SF
- Units
- 22
Highlights
- Renovated Mid-Sized West Valley Multifamily Community
- Surrounded by Major Entertainment and Employment Corridors
- Unit conversion opportunity to add 23rd unit
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