5501 W ORANGEWOOD Avenue, Glendale, AZ 85301

$1,449,000

Exceptional Investment Opportunity! Turn-Key Triplexes with Manager's Quarters in Glendale, AZ. Discover an incredible investment opportunity in the heart of Glendale with this fully renovated property featuring two beautifully remodeled triplexes and a centrally located manager's quarters or leasing office in the middle of both. Situated on a corner lot, this… Read More property is perfectly designed to attract residents seeking affordable alternatives to single-family housing while enjoying the conveniences of modern living. Why This Property Stands Out: This charming garden-style community is fully fenced and boasts front and back courtyards, making it an ideal choice for supportive housing initiatives or non-profit developers. With excellent local and regional access, this property is perfectly positioned for young professionals, business representatives, and others who prefer to reside near work and recreation, without the maintenance and burdens of typical single-family homes. Property Highlights: Two triplexes**: Each of the six units features two bedrooms and one bath, measuring approximately 700 sq. ft. These single-level units come equipped with brand-new plumbing, electrical systems, flooring, cabinets, fixtures, and appliances, all creating a modern and welcoming atmosphere. Thoughtfully designed with color and landscaping elements in mind, the buildings enhance the urban setting. ADA Compliant Manager's Quarters or Leasing Office. This central building is fully compliant with ADA standards, ensuring accessibility and convenience. Versatile Use: This property is perfect for a variety of community housing needs, including halfway homes, group homes, sober living facilities, clergy residences, or rectories. There is potential to lease each unit to tenants involved in state and federal programs, enabling strong returns while fulfilling vital community functions. Investment Potential: Each unit is separately metered for electricity, maximizing rental income. Manage one mortgage payment while enjoying the revenue from multiple units within a high-demand rental market. Fully Permitted & Inspected: The property is fully permitted, engineered, and inspected, complete with a Certificate of Occupancy. A recent consolidation of two lots into one promotes operational efficiency and streamlined management. New Driveway & Enhanced Curb Appeal: Featuring a brand-new driveway, the property not only enhances accessibility but also boosts the overall curb appeal. Community Focus & Location Advantages: Conveniently located on a corner lot, this property benefits from all city services and is situated in a desirable rental area, encouraging residents to engage with diverse housing initiatives. This community supports programs for veterans, victims of domestic violence, tribes, and other vulnerable populations, thereby strengthening community bonds. The site is ideally positioned within walking distance to abundant retail, restaurants, and entertainment, creating a sustainable, walk-friendly environment. Residents can easily utilize pedestrian and bike connections to surrounding amenities, promoting reduced vehicular traffic and a more sustainable lifestyle. Owner Motivated to Sell! Don't miss out on this exceptional turn-key opportunity! The value rooted in its use ensures this property is ready to serve the community while generating strong income potential. Explore the Possibilities! This is a rare gem that checks all the boxes for functionality and investment potential! Read Less

Courtesy of Coldwell Banker Realty 928-282-4666

Listing Snapshot

Days Online

Last Updated

Apr 5, 2025

Property Type

Multiple Dwellings

Year Built

1963

MLS Number

6828771

30 Days Snapshot Of 85301

$273k

+2%

(avg) sold price

+20%

homes sold

-1%

(avg) days on market

Snapshot

Area Map

Additional Details

Appliances & Equipment

"Refrigerator", "Microwave"

Building

Built in 1963, Construction materials: "Wood Frame", "Painted", "Stucco", 6 total units

Cooling

"Ceiling Fan(s)", "Electric"

Floors

"Vinyl"

Heating

"Electric"

Parking

"Free", "1 Space/Unit", 6 total parkings

Property

Zoning: R1-6

Roof

"Composition"

Sewer

"Public Sewer"

Taxes

Annual amount: $2,561, Lot: 5/6 combined

Utilities

"APS"

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5501 W ORANGEWOOD Avenue

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