519 W GLENROSA Avenue, Phoenix, AZ 85013, Phoenix, 85013 - 0 bed, 0 bath
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Phoenix, AZ 85013
Analysis of 519 W GLENROSA Avenue, Phoenix, AZ 85013 is currently available with a list price of $2,999,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Phoenix Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
This property is a new construction development project with a scheduled completion year of 2026. As a 'to-be-built' multifamily project with approved plans for 39 units, it meets the criteria for excellent condition as all components, systems, and finishes will be brand new, meeting the latest quality standards with no deferred maintenance or physical depreciation.
The property includes approved plans for a 39-unit condominium or apartment building, significantly reducing the entitlement timeline and allowing for immediate construction.
Situated in the heart of the Melrose District with an 83 Walk Score, this site offers future residents exceptional walkability to Midtown Phoenix's vibrant amenities and services.
The availability of special seller financing terms provides a significant financial advantage, offering more flexibility and better capital management for developers.
The local public schools, including Central High and Ralph Waldo Emerson, have lower performance ratings, which may limit the property's appeal to families.
As a ground-up development project with a 2026 target, the venture is subject to inherent risks such as fluctuating construction costs and market timing.
Discover an unparalleled opportunity in the heart of Midtown Phoenix's Melrose District with this extraordinary 2.43-acre parcel of land, presenting a prime multifamily builder opportunity. Boasting approved plans for a 39-unit condominium/apartment building, this property is poised for immediate development. Special financing terms make this venture even more enticing, and with a remarkable 83 Walk Score, future residents will enjoy convenient access to a plethora of amenities. Don't miss out on this chance to shape the landscape of the vibrant Melrose District. Inquire about special seller financing! This is a rare and promising investment opportunity that awaits your vision and creativity.
No exterior & parking available.
Grades PK-4 • 2.5 mi
Grades PK-4 • 3.2 mi
Grades 7-8 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 2.0 | 5% |
| Baths | 0.0 | 2.0 | 5% |
| Square foot | - | 1,173 | 5% |
| Lot Size | - | 750 | 5% |
| Price | $3.00M | $318.5K | 95% |
| Price per sq ft | $0 | $281 | 21% |
| Built year | 2026 | 1979 | 95% |
| HOA | $0 | $275 | 11% |
| Days on market | 303 | 2285 | 37% |
Jun 27, 2025
$2,999,000
Initial Listing