7146 N 57th Ave
Glendale, AZ 85301
57th Ave Apartments · Multifamily Property For Sale · 6 Units

57th Ave Apartments is a 6-unit garden-style apartment community located in a desirable Glendale location. Built in 1965, the property is made of block construction with pitched tile roofs and is individually-metered for electricity. The unit mix consists of one and two-bedroom floor plans that are extremely spacious and well designed and average approximately 617 square feet. The property is situated on approximately 0.16 acres and is landscaped with lush turf, low water-use plants and mature shade trees. Residents have nearby access to Grand Canyon University, Glendale Community College and Arizona State University West Campus. Also within walking distance to the property is Downtown Glendale, home of Glendale Glitters and local niche food and shopping experiences. 57th Ave Apartments offers an investor the opportunity to acquire a garden-style apartment community located in a strong Glendale submarket with continued value-add potential. Over the last year, the Glendale submarket average rent has increased to $1.07 per square foot, and has increased by more than 15% over the last year. With the improving submarket fundamentals coupled with the Phoenix market’s continual improvement and recovery, 57th Ave Apartments is well positioned to achieve continual increases in revenue.