7162 57Th Ave Glendale, AZ 85301

Exceptional investment opportunity: This fully occupied, renovated triplex in Glendale, Arizona's historic Catlin Court district offers a compelling return. The 2,495 square foot building, constructed in 1954 and extensively renovated in 2024, boasts three units, each with updated kitchens and bathrooms. Recent improvements include new copper plumbing, upgraded electrical systems, and handicapped-accessible bathrooms and entrances. The property features new interior paint and irrigation sprinklers. The roof is in good condition. Situated on a 7,000 square foot lot (APN 147-25-132), this property benefits from an R3-5 zoning designation. The building's strong financial performance is reflected in its 100% occupancy rate, generating a Net Operating Income (NOI) of $36,294 and a 4.84% cap rate. The asking price is $750,000 ($250,000 per unit), representing a price per square foot of $300.60. The property's location within the walkable Catlin Court shopping district, near the Westgate entertainment complex, Cardinal Stadium, concert venues, and a new casino, enhances its appeal. A planned nearby condo development further strengthens the area's urban walkable environment. Originally zoned for "live-work," the property's current residential configuration provides a stable and attractive investment.