$950,000
$120K PRICE DROP

2421 W Glenrosa Ave Phoenix, AZ 85015

Alhambra Neighborhood

Estimated payment $5,144/month

Total Views 3,704
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heating Available
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

Remodeled 5-unit multifamily property on a rare 0.57-acre R-3 lot with room for growth. Unit mix includes (3) 2-bed/1-bath and (2) 1-bed/1-bath units, each with a private, fenced-in yard, in-unit washer/dryer, and dishwasher. Renovated in 2021 with new HVACs, main sewer line, windows, doors, and covered parking. Interiors feature wood-look tile flooring, quartz countertops, stainless steel appliances, and remodeled bathrooms. Located in an Arizona Opportunity Zone near Grand Canyon University with easy access to I-17. Strong value-add potential in a transitioning area.

Listing Agent

Stephen Patterson II

Axen Realty, LLC License #SA681933000 Listed on: 01/07/2025

Axen Realty, LLC

Co-Listing Agent

Stephen Patterson

Axen Realty, LLC License #BR537857000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,931

Year Built

  • Built in 1965

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 5 Open Parking Spaces
  • 7 Parking Spaces
  • Carport
  • Free Parking
  • Paved Parking

Schools

  • Westwood Elementary School
  • Alhambra Traditional Middle School
  • Central High School

Utilities

  • Central Air
  • Heating Available

Additional Features

  • Ceiling Fan
  • Additional Parcels

Listing and Financial Details

  • Tax Lot 13
  • Assessor Parcel Number 154-28-024

Community Details

Overview

  • 2 Buildings
  • 5 Units
  • Building Dimensions are 300' x 82.74'
  • Fruitland Acres Subdivision

Building Details

  • Operating Expense $1,931
  • Gross Income $89,419
  • Net Operating Income $61,032

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,931

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Cross Street: N 19th Ave and W Indian School Rd
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1965
  • Tax Year: 2024
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: axen002
  • Co List Office Phone: 623-846-7700
  • Subdivision Name: FRUITLAND ACRES
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances: Built-In Range, Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Other, Paved, Free, <1 Space Per Unit, Carport
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 7.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 7.0
  • Parking Features:Carport: Yes
  • Parking Features Free2: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Electric: APS, Master Meter
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Electric Master Meter: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes

Schools

  • Elementary School: Westwood Elementary School
  • High School: Central High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Alhambra Traditional School

Lot Info

  • Lot Size: 300' x 82.74'
  • Additional Parcels: Yes
  • Parcel #: 154-28-024

Multi Family

  • Owner Pays: Electricity, Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 5
  • Annual Gross Income: 89418.7
  • Property Net Operating Income: 61032.0
  • Annual Operating Expense: 1931.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1931.0
  • Tax Book Number: 154.00
  • Tax Lot: 13

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/01/2025 07/01/25 For Sale $950,000 0.0% --
07/01/2025 07/01/25 Off Market $950,000 -- --
05/06/2025 05/06/25 Price Changed $950,000 -2.6% --
04/08/2025 04/08/25 Price Changed $975,000 -8.9% --
01/07/2025 01/07/25 For Sale $1,070,000 +15.1% --
08/09/2023 08/09/23 Sold $930,000 -7.5% $579 / Sq Ft View Prior Sale
06/20/2023 06/20/23 Price Changed $1,005,000 -1.0% $626 / Sq Ft
04/26/2023 04/26/23 Price Changed $1,015,000 -1.0% $632 / Sq Ft
03/27/2023 03/27/23 For Sale $1,025,000 +259.6% $639 / Sq Ft
12/11/2020 12/11/20 Sold $285,000 -4.7% $157 / Sq Ft View Prior Sale
11/06/2020 11/06/20 Pending -- -- --
11/04/2020 11/04/20 Price Changed $299,000 -6.0% $165 / Sq Ft
09/29/2020 09/29/20 Price Changed $318,000 -0.6% $175 / Sq Ft
09/10/2020 09/10/20 For Sale $319,900 -- $176 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Navi Title Agency
Warranty Deed $930,000 Navi Title Agency
Warranty Deed -- Stewart Ttl & Tr Of Phoenix
Warranty Deed $280,000 Empire West Title Agency Llc
Warranty Deed $50,000 First American Title Ins Co
Warranty Deed $61,000 Guaranty Title Agency
Warranty Deed $64,000 None Available
Warranty Deed -- Metro Title Agency
Warranty Deed $74,900 Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $697,500 New Conventional
Previous Owner $566,000 Future Advance Clause Open End Mortgage
Previous Owner $442,250 Small Business Administration
Previous Owner $72,150 No Value Available
Previous Owner $56,175 New Conventional
Closed $11,235 No Value Available
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6801309

Arizona Regional Multiple Listing Service (ARMLS)

APN: 154-28-024

Arizona Maricopa County Phoenix 85015 Alhambra

2421 W Glenrosa Ave, Phoenix, AZ

For Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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Stephen Patterson II
Listing Agent
Stephen Patterson II
Section Image
Axen Realty, LLC
(602) 600-6561