6077 N 60TH Avenue, Glendale, AZ 85301

$13,910,000

Property Type: Multiple Dwellings Status: Active

Current Price: $13,910,000 Last Modified: 5/27/2026

Overview

Description

Rare opportunity to acquire a newly constructed prime multifamily investment property in the growing community of Glendale, AZ. Situated on 2.1 acres in the heart of the city, the property consists of 17 two-story duplex buildings totaling 34 rental apartment homes. Construction has recently been completed, and the community is currently in lease-up. Highlights include: • Newly constructed multifamily community • 17 two-story duplex buildings with a total of 34 rental apartment homes • 22 two-bedroom, two-bath units averaging approximately 842 SF • 12 three-bedroom, two-bath units averaging approximately 1,040 SF • Situated on 2.1 acres • Separately metered utilities Buyer to independently verify all information, property data, specifications, and sq. ft. prior to close of esc

Listing Details MLS# 7033508

Location, Tax & Legal

House Number: 6077
Compass: N
Street Name: 60TH
St Suffix: Avenue
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85301
Zip4: 5101
Country: US
County Code: Maricopa
Subdivision: ORCHARD ADD BLK 6 LOT 5-10
Assessor Number: 144-19-028-A
Tax Year: 2025
Assessor's Map #: 19
Legal Description (Abbrev): ORCHARD ADDITION TO GLENDALE MCR 3/30 S 350F W 29 1.38F N 700F S 900.38F E 900.38F OF LOTS 4 & 5 & 6
Assessor's Parcel #: 28
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Glendale
Census Tract: 92802
Taxes: 4939
Legal: ORCHARD ADDITION TO GLENDALE MCR 3/30 S 350F W 29 1.38F N 700F S 900.38F E 900.38F OF LOTS 4 & 5 & 6
Marketing Name: Tempo Apartment Homes

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: unknown
Year Built: 2026
Total # of Units: 34
# of Buildings: 17
Zoning: R-3
Elementary School District: Glendale Elementary District
High School District: Glendale Union High School District
Uncvrd Parking Spcs: 0

Legal Info

Township: 2N
Range: 2E
Section: 7
Lot Number: 4

Income Expenses

Gross Annual Sch Inc: 784440
Net Operating Income: 628383

More Information

Showing Notification Methods

Showing Service: No Showing Service Used

2 Bedroom Units

# 2 Bedroom Units: 22
Avg Rent: 1499
Avg SqFt: 841
# Baths: 2

3 Bedrooms Units

# 3 Bedroom Units: 12
Avg Rent: 1798
Avg SqFt: 1040
# Baths: 2

Project Type

Duplex: Yes
25 - 50 Units: Yes

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes

Roofing

Composition: Yes

Floors

Laminate: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 4939
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 745218

Pmt & Rate Info

Cap Rate: 4.52
Equity: 13910000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

None: Yes

Community Features

Other: Yes

Heating

Central: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes

Exterior Amenities

Landscape Water System: Yes

Tenant Pays

Water: Yes
Sewer: Yes
Electricity: Yes
Trash Collection: Yes
Cable TV: Yes

Appliances Included

Built-In Electric Oven: Yes
Dishwasher: Yes
Disposal: Yes
Microwave: Yes
Refrigerator: Yes
Built-In Range: Yes
Washer/Dryer: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Carport: Yes
<1 Space Per Unit: Yes

Electric

Submetered System: Yes

Gas

None: Yes

Owner Pays

Landscaping: Yes

New Financing

Cash: Yes
Conventional: Yes
1031 Exchange: Yes
Trade: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: Duplex; 25 - 50 Units Construction: Wood Frame Const - Finish: Painted Roofing: Composition Floors: Laminate Sale Includes: Land & Building Community Features: Other Exterior Amenities: Landscape Water System Appliances Included: Built-In Electric Oven; Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Heating: Central Cooling: Ceiling Fan(s); Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: Submetered System Gas: None Parking Features: Carport; <1 Space Per Unit Road Surface Type: Asphalt Owner Pays: Landscaping Tenant Pays: Water; Sewer; Electricity; Trash Collection; Cable TV Source of Fincl Data: Owner Lockbox Type: None New Financing: Cash; Conventional; 1031 Exchange; Trade Environmental: None

Listing Office: Keller Williams Arizona Realty

Last Updated: May - 27 - 2026