$1,198,000
$100K PRICE DROP

7117 N 54th Ave Glendale, AZ 85301

Estimated payment $6,701/month

Total Views 2,380
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Central Air
  • Vinyl Flooring
  • Heating Available

About This Home

Opportunity knocks in Glendale! This 6-unit multifamily features spacious with strong cash flow and tons of upside. With a little TLC, there's big value to unlock. Located near major employers, schools, and Westgate—this is prime positioning in a hot rental market.Cash flow now. Add value later. Win both ways.

Listing Agent

Jonathon Shoecraft

AXIS Real Estate License #SA704693000 Listed on: 04/25/2025

Co-Listing Agent

Jason Sellers

AXIS Real Estate License #BR542876000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,226

Year Built

  • Built in 1919

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Utilities

  • Central Air
  • Heating Available

Additional Features

  • Vinyl Flooring
  • Additional Parcels

Listing and Financial Details

  • Legal Lot and Block 14 / 2
  • Assessor Parcel Number 147-17-046

Community Details

Overview

  • 2 Buildings
  • 6 Units
  • Building Dimensions are 150 ft x 145 ft
  • Park Place Blks 1,3,4 Subdivision

Building Details

  • Operating Expense $27,033
  • Gross Income $81,700
  • Net Operating Income $57,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,226

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Cross Street: 51st ave and glendale
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1919
  • Tax Year: 2024
  • Directions: From downtown Phoenix, head west on I-10, then north on I-17. Exit at Bethany Home Road and head west. Continue past 59th Avenue — property will be near the central Glendale corridor.
  • Road Surface Type: Dedicated Street
  • Professional Management Expense: 5815.0
  • Co List Office Mls Id: jrep01
  • Co List Office Phone: 602-614-5590
  • Subdivision Name: PARK PLACE BLKS 1,3,4
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: Dishwasher, Refrigerator
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: See Remarks
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0

Utilities

  • Electric: APS
  • Cooling: Central Air
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Fee Information

  • Annual Fuel Expense: 651.75
  • Annual Water Sewer Expense: 13603.0

Lot Info

  • Lot Size: 150 ft x 145 ft
  • Additional Parcels: Yes
  • Parcel #: 147-17-046

Multi Family

  • Owner Pays: Other, Landscaping
  • Number Of Units Total: 6
  • Electric Expense: 922.0
  • Annual Gross Income: 81700.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 1215.0
  • Property Net Operating Income: 57000.0
  • Annual Operating Expense: 27032.75
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2226.0
  • Tax Block: 2
  • Tax Book Number: 147.00
  • Tax Lot: 14

Map

Range of Values:

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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 Change Sq Ft Price
05/30/2025 05/30/25 Price Changed $1,198,000 -7.7% --
04/25/2025 04/25/25 For Sale $1,298,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6858461

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Glendale 85301

7117 N 54th Ave, Glendale, AZ

This home is located at 7117 N 54th Ave, Glendale, AZ 85301 and is currently priced at $1,198,000. This property was built in 1919. 7117 N 54th Ave is a home located in Maricopa County with nearby schools including Glendale Landmark Middle School, Glendale High School, and Grace Lutheran School.

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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Jonathon Shoecraft
Listing Agent
Jonathon Shoecraft
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AXIS Real Estate
(385) 266-6377