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Tempo Duplex Apartment Homes 6077 N 60th Ave 34 Unit Dormitory $13,910,000 ($409,118/Unit) Glendale, AZ 85301
Investment Highlights
- Brand new construction
- Nice interiors
- Attractive duplex design
Executive Summary
NEW CONSTRUCTION - 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. Flexible terms: sell, exchange or trade. Can-add fully-entitled, shovel ready land for additional 30 rental units (www.CieloArizona.com).
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 1,072 SF
• Situated on 2.1 acres
• Separately metered utilities
• Flexible terms: sell, exchange or trade
• Can-Add: fully-entitled, shovel-ready land for additional 30 apartment units (www.CieloArizona.com)
***SEE THE ENCLOSED OFFERING MEMORANDUM FOR MORE INFORMATION.
Buyer to independently verify all information, property data, approvals, plans, specifications, and square footage prior to close of escrow.
Professionally Marketed and Brokered by: Keller Williams Arizona Realty, The Blu Summit Real Estate Group Arizona, KW Commercial. Robert W. Dudek, MSEL, AZ Real Estate Broker Lic. BR716825000, CA Real Estate Broker Lic. 01037546.
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 1,072 SF
• Situated on 2.1 acres
• Separately metered utilities
• Flexible terms: sell, exchange or trade
• Can-Add: fully-entitled, shovel-ready land for additional 30 apartment units (www.CieloArizona.com)
***SEE THE ENCLOSED OFFERING MEMORANDUM FOR MORE INFORMATION.
Buyer to independently verify all information, property data, approvals, plans, specifications, and square footage prior to close of escrow.
Professionally Marketed and Brokered by: Keller Williams Arizona Realty, The Blu Summit Real Estate Group Arizona, KW Commercial. Robert W. Dudek, MSEL, AZ Real Estate Broker Lic. BR716825000, CA Real Estate Broker Lic. 01037546.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Pro Forma - 2027) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$715,848
|
$22.79
|
| Other Income |
$56,520
|
$1.80
|
| Vacancy Loss |
$38,618
|
$1.23
|
| Effective Gross Income |
$733,750
|
$23.36
|
| Taxes |
$15,004
|
$0.48
|
| Operating Expenses |
$141,213
|
$4.50
|
| Total Expenses |
$156,217
|
$4.97
|
| Net Operating Income |
$577,533
|
$18.38
|
Financial Summary (Pro Forma - 2027)
| Gross Rental Income | |
|---|---|
| Annual | $715,848 |
| Annual Per SF | $22.79 |
| Other Income | |
|---|---|
| Annual | $56,520 |
| Annual Per SF | $1.80 |
| Vacancy Loss | |
|---|---|
| Annual | $38,618 |
| Annual Per SF | $1.23 |
| Effective Gross Income | |
|---|---|
| Annual | $733,750 |
| Annual Per SF | $23.36 |
| Taxes | |
|---|---|
| Annual | $15,004 |
| Annual Per SF | $0.48 |
| Operating Expenses | |
|---|---|
| Annual | $141,213 |
| Annual Per SF | $4.50 |
| Total Expenses | |
|---|---|
| Annual | $156,217 |
| Annual Per SF | $4.97 |
| Net Operating Income | |
|---|---|
| Annual | $577,533 |
| Annual Per SF | $18.38 |
Property Facts
| Price | $13,910,000 | Building Class | C |
| Price Per Unit | $409,118 | Lot Size | 2.11 AC |
| Sale Type | Investment | Building Size | 31,414 SF |
| No. Units | 34 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Dormitory | Year Built | 2026 |
| Apartment Style | Garden | ||
| Zoning | R-3 | ||
| Price | $13,910,000 |
| Price Per Unit | $409,118 |
| Sale Type | Investment |
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Dormitory |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.11 AC |
| Building Size | 31,414 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built | 2026 |
| Zoning | R-3 |
Amenities
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 22 | $1,642 | 841 |
| 3+2 | 12 | $1,987 | 1,040 |
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Fairly walkable
40/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 144-19-028A | Total Assessment | $35,600 (2025) |
| Land Assessment | $35,600 (2025) | Annual Taxes | $15,004 ($0.48/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2027 |
Property Taxes
Parcel Number
144-19-028A
Land Assessment
$35,600 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$35,600 (2025)
Annual Taxes
$15,004 ($0.48/SF)
Tax Year
2027
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Tempo Duplex Apartment Homes | 6077 N 60th Ave