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Jeff Dial

jd@jeffdial.com +1(480) 900-9180

$ 3,400,000

Est. payment | -/mo

Save

$ 3,400,000

Est. payment | -/mo

Save

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Park North

MLS Listing ID 7030825

Maintenance Fees $1,809

Year Built 1961

Annual Tax Amount $8,433

Tax Year 2025

Lot Dimensions .40

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

Melrose on 5th is a 12-unit multifamily community located in the highly sought after Melrose District. Originally built in 1961, the asset went through extensive repositioning in 2016 and features a rare mix of (12) 3-bedroom, 2-bathroom floor plans measuring approximately 1,200 square feet each. Unit interiors are all upgraded and feature washer/dryers, fully equipped kitchens with dishwashers and built-in microwaves, stainless steel appliances, faux vinyl wood flooring, and modernized bathrooms. Exterior amenities include gated access entry ways, charcoal barbeque grills, resort-style swimming pool, covered parking, and low maintenance desert landscaping. Great opportunity opportunity to acquire a well-maintained, renovated asset within one of Phoenix's strongest urban infill corridors.

Location

State AZ

County Maricopa

Community Park North

Area Maricopa

Zoning R-4

Interior

Heating Individual, Electric

Cooling Electric, Individual

Flooring Vinyl

Appliance Built-In Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer

Exterior

Parking Features <1 Space Per Unit

Community Features Barbecue, Pool

Roof Type Built-Up

Private Pool Yes

Building

Sewer Public Sewer

Water Master Meter

New Construction No

Schools

School District Phoenix Union High School District

Others

Senior Community No

Tax ID 118-29-005-D

Acceptable Financing Conventional, 1031 Exchange

Disclosures None

Listing Terms Conventional, 1031 Exchange

Listed by Matthews Real Estate Investment Services • Bradley Skenderian

Nearby School & Business

+1(480) 900-9180

jd@jeffdial.com

17550 N Perimeter Dr # 100, Scottsdale, AZ, 85255, United States

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3611 N 5TH Avenue Phoenix, AZ 85013