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Radius Apartments 2602 W Glenrosa Ave 72 Unit Apartment Building $6,840,000 ($95,000/Unit) Phoenix, AZ 85017
INVESTMENT HIGHLIGHTS
- 72 Units, Originally Built in 1979
- Located Near Grand Canyon University & Easy Access to Major Transportation Corridors (I-17, I-10, & US-60 Freeways)
- Offered All Cash / New Loan
- Unit Mix Consists of Studio (68.1%), One-Bedroom (29.2%), & Two-Bedroom (2.8%) Unit Types
- Master Metered for Electricity, Heating, Cooling, & Domestic Hot Water
- Available Individually or With the Adjacent Phoenix West Apartments, 120 Units
EXECUTIVE SUMMARY
The Radius Apartments is a 72-unit apartment community nestled in the developing West submarket of Phoenix, AZ. This property is located just south of West Camelback Road, located approximately one-mile from the high-growth economic driver that is Grand Canyon University. The ease of connectivity to the entirety of Phoenix through State Route 60, Interstate-17, and the major thoroughfare of Camelback Road places this property in a prime position to navigate to the entirety of the Phoenix valley and all it has to offer.
As of most recent Fall 2025 enrollment data projecting onto Spring 2026 , Grand Canyon University boasts a growing student body consisting of roughly 25,000 students on campus and 108,000 students online, totaling over 133,000 across all its program offerings with 17,000 students living within on-campus housing across 33 residence halls. Grand Canyon University has invested $480 million into the university thus far to improve the quality of academic offerings and student experience and is looking to spend more than $1 billion to develop its campus facilities along 33rd Avenue and Camelback Road into an impressive 400-acre complex.
The Radius Apartments was built in 1979 and comprises 72 dwelling units spread across seven two-story buildings featuring a wood frame construction with stucco exterior finishes and pitched composition shingle roofing. The community spans across an approximate 1.68 acres of land, offering a mix of 49 studio units, 21 one-bedroom units, and two two-bedroom averaging at 453 square feet. The property is master metered for electricity, heating, cooling, and domestic hot water. Interior amenities include air conditioning / heating, refrigerator, oven / stove, vinyl wood flooring, and high-speed internet access. Community amenities include: central courtyard, on-site laundry facility, & fully gated entry
Available individually or with the adjacent Phoenix West Apartments (120 units).
As of most recent Fall 2025 enrollment data projecting onto Spring 2026 , Grand Canyon University boasts a growing student body consisting of roughly 25,000 students on campus and 108,000 students online, totaling over 133,000 across all its program offerings with 17,000 students living within on-campus housing across 33 residence halls. Grand Canyon University has invested $480 million into the university thus far to improve the quality of academic offerings and student experience and is looking to spend more than $1 billion to develop its campus facilities along 33rd Avenue and Camelback Road into an impressive 400-acre complex.
The Radius Apartments was built in 1979 and comprises 72 dwelling units spread across seven two-story buildings featuring a wood frame construction with stucco exterior finishes and pitched composition shingle roofing. The community spans across an approximate 1.68 acres of land, offering a mix of 49 studio units, 21 one-bedroom units, and two two-bedroom averaging at 453 square feet. The property is master metered for electricity, heating, cooling, and domestic hot water. Interior amenities include air conditioning / heating, refrigerator, oven / stove, vinyl wood flooring, and high-speed internet access. Community amenities include: central courtyard, on-site laundry facility, & fully gated entry
Available individually or with the adjacent Phoenix West Apartments (120 units).
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $6,840,000 | Building Class | C |
| Price Per Unit | $95,000 | Lot Size | 1.68 AC |
| Sale Type | Investment | Building Size | 32,600 SF |
| No. Units | 72 | Average Occupancy | 94% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1979 |
| Apartment Style | Garden | Parking Ratio | 2.3/1,000 SF |
| Zoning | C-2 | ||
| Price | $6,840,000 |
| Price Per Unit | $95,000 |
| Sale Type | Investment |
| No. Units | 72 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.68 AC |
| Building Size | 32,600 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built | 1979 |
| Parking Ratio | 2.3/1,000 SF |
| Zoning | C-2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Courtyard
- Laundry Facilities
- Tenant Controlled HVAC
- Gated
- Online Services
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 49 | - | 390 - 570 |
| 1+1 | 21 | - | 390 - 700 |
| 2+1 | 2 | - | 720 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 (2025) | |
| Land Assessment | $13,546 (2025) | Total Assessment | $126,523 (2025) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$13,546 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$126,523 (2025)
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Radius Apartments | 2602 W Glenrosa Ave
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