7508 W ORANGEWOOD Avenue, Glendale, AZ 85303
$900,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$900,000
Last Modified:
12/19/2025
Description
Don't miss this rare opportunity to own a 7-unit, income-producing multi-family property situated on a prime corner lot in a quiet Glendale neighborhood. This NO-HOA property features seven efficiency units, including two recently renovated units. All units are fully occupied, providing immediate cash flow.
The expansive lot offers exceptional redevelopment potential, with possibilities for additional units or future commercial use. Located just minutes from the Glendale Sports & Entertainment District, home to the Arizona Cardinals, the highly anticipated multi-billion-dollar VAI Resort, and additional developments.
Bring your development ideas and transform this property's potential into reality. Buyer to verify all zoning and uses with Maricopa County.
More Information MLS# 6948581
Contract Info
Ownership: Fee Simple
Current Price: $900,000
Sold Price: $900,000
Status: Closed
List Date: 2025-11-17
Location, Tax & Legal
Assessor's Map #: 24
Legal Description (Abbrev): E2 S2 E2 SE4 SE4 NE4 SEC 2 EX S 40F RD & EX E 77.01F & TRI IN SE COR FOR RD P/F 97-0511273
Assessor's Parcel #: 2
Assessor Parcel Ltr: B
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Census Tract: 92711
Taxes: 1526
Legal: E2 S2 E2 SE4 SE4 NE4 SEC 2 EX S 40F RD & EX E 77.01F & TRI IN SE COR FOR RD P/F 97-0511273
Marketing Name: UNK
House Number: 7508
Compass: W
Street Name: ORANGEWOOD
St Suffix: Avenue
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85303
Zip4: 1528
County Code: Maricopa
Assessor Number: 142-24-002-B
Tax Year: 2024
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 10
Lot Size Dimensions: 25,134
Flood Zone: No
Total # of Units: 7
Elementary School District: Glendale Elementary District
High School District: Glendale Union High School District
High School: Glendale High School
Year Built: 1955
Zoning: R-6
Legal Info
Range: 1E
Section: 2
Township: 2N
Project Type
5 - 12 Units: 1
Construction
Block: 1
Wood Frame: 1
Const - Finish
Board & Batten Siding: 1
Vinyl Siding: 1
Roofing
Composition: 1
Floors
Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 6000
Annual Gas Exp: 5200
Annual Ins Exp: 2593
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 1200
Annual Wtr/Swr Exp: 1125
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Other Expense: 0
Operating Exp: 17644
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 78090
Total Monthly Rental Income: 8000
Pmt & Rate Info
Cap Rate: 7.15
Equity: 1150000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Central: 1
Window/Wall Unit(s): 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Exterior Amenities
Desert Landscaping: 1
Tenant Pays
None: 1
Appliances Included
Dishwasher: 1
Free-Standing Electric Oven: 1
Refrigerator: 1
Free-Standing Range: 1
Road Access Type
City Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Road Responsibility
City Maintained Road: 1
Water Source
City Franchise: 1
Sewer
Septic-In & Connected: 1
Parking Features
Free: 1
Add'l Parking Avail: 1
Electric
SRP: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Electric: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
Conventional: 1
FHA: 1
Existing 1st Loan
Conventional: 1
Existing 1st Loan Type
Fixed: 1
Existing 1st Loan Terms
Not Applicable: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
# Efficiency Units: 6
Avg Rent: 1142
Avg SqFt: 425
# Baths: 6
1 Bedroom Units
# 1 Bedroom Units: 7
Avg Rent: 1450
Avg SqFt: 425
# Baths: 7
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: 75th Avenue & Northern
Directions: From Northern, head south on 75th Ave to Orangewood Ave. Property is on the corner
Geo Lat: 33.545659
Geo Lon: -112.220805
Status Change Info
Off Market Date: 2025-12-19
Under Contract Date: 2025-11-26
Close of Escrow Date: 2025-12-18
Sold Price: $900,000
Income Expenses
Gross Annual Sch Inc: 82200
Net Operating Income: 82200
Property Features
Project Type: 5 - 12 Units
Construction: Block; Wood Frame
Const - Finish: Board & Batten Siding; Vinyl Siding
Roofing: Composition
Floors: Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping
Appliances Included: Free-Standing Electric Oven; Free-Standing Range; Refrigerator; Dishwasher
Heating: Central; Window/Wall Unit(s)
Cooling: Ceiling Fan(s); Electric; Central Air
Water Source: City Franchise
Sewer: Septic-In & Connected
Electric: SRP
Gas: SW Gas
Parking Features: Add'l Parking Avail; Free
Road Access Type: City Street
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Owner Pays: Water; Electric; Trash Collection; Landscaping
Tenant Pays: None
Source of Fincl Data: Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Conventional
Existing 1st Loan Type: Fixed
Existing 1st Loan Terms: Not Applicable
New Financing: Cash; FHA; Conventional
Environmental: None
Listing Office:
R & S PREMIER HOMES
Last Updated: December - 19 - 2025
Broker Attribution:
480-253-0071
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