5520 W PALMAIRE Avenue, Glendale, AZ 85301
$480,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$480,000
Last Modified:
5/04/2025
Description
Prime Investment Opportunity in Glendale! This unique triplex is just minutes from downtown Glendale and the charming Caitlin Court Historic District. Offering a mix of unit sizes—one 1-bedroom, one 2-bedroom, and one 3-bedroom—this property provides excellent rental flexibility. One unit is a standalone home, while the other two are connected, adding to the character and appeal. Currently, one unit is leased through 5/31/2025, ensuring immediate income. Don't miss your chance to own a distinctive, income-generating property in a highly desirable location.
More Information MLS# 6816640
Contract Info
Current Price: $480,000
Sold Price: $480,000
Status: Closed
List Date: 2025-02-04
Ownership: Fee Simple
Location Tax Legal
House Number: 5520
Compass: W
Street Name: PALMAIRE
St Suffix: Avenue
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85301
Zip4: 2508
Country: US
County Code: Maricopa
Subdivision: PARK ADDN 16-19
Assessor Number: 147-25-009
Tax Year: 2024
General Property Description
Lot Size Dimensions: 50 X 140
Year Built: 1957
Uncvrd Parking Spcs: 2
Total # of Units: 3
# of Buildings: 2
Zoning: C-2
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: 55th Ave and Glendale
Directions: Head west from 51st Ave and Glendale, turn right on 55th Ave and go north to Palmaire Ave. West to property on the right.
Geo Lat: 33.54119
Geo Lon: -112.178344
Status Change Info
Status Change Date: 2025-05-04
Off Market Date: 2025-05-04
Under Contract Date: 2025-03-16
Close of Escrow Date: 2025-05-03
Sold Price: $480,000
Legal Info
Township: 2N
Range: 2E
Section: 5
Block: 7
Lot Number: 8
Income Expenses
Gross Annual Sch Inc: 46200
Net Operating Income: 35708
Showing Notification Methods
Showing Service: No Showing Service Used
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 1150
Avg SqFt: 500
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1300
Avg SqFt: 750
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 1450
Avg SqFt: 1250
# Baths: 1
Sold Info
Loan Type: FHA
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: %
Property Features
Project Type: Tri-Plex
Construction: Wood Frame
Const - Finish: Painted
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Interior Amenities: Unfurnished
Appliances Included: Free-Standing Range; Refrigerator; Disposal; W/D Hookup
Cooling: Ceiling Fan(s); Electric; Central Air
Water Source: Individual Meter
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking Features: Carport
Owner Pays: None
Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV; Landscaping
Source of Fincl Data: Owner
Lockbox Type: None
Existing 1st Loan: Conventional
Existing 1st Ln Type: Fixed
Existing 1st Ln Trms: Non Assumable
New Financing: Cash; Conventional; Seller May Carry; Wraparound; 1031 Exchange
Environmental: None
Listing Office: Best Move Real Estate
Last Updated: May - 04 - 2025
Broker Attribution:
480-570-1835
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