Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$2,999,000
Last Modified:
6/28/2025
Search
519 W GLENROSA Avenue, Phoenix, AZ 85013
$2,999,000
Description
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.
More Information MLS# 6886048
Contract Info
Ownership: Condominium
Current Price: $2,999,000
List Price: $2,999,000
Status: Active
List Date: 2025-06-27
Location, Tax & Legal
Assessor's Map #: 33
Legal Description (Abbrev): LOT 152 PARK FIFTH AVENUE CONDOMINIUMS MCR 025232
Assessor's Parcel #: 291
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 117100
Taxes: 109
Legal: LOT 152 PARK FIFTH AVENUE CONDOMINIUMS MCR 025232
Marketing Name: PARK 5TH AVE CONDOMINIUMS
House Number: 519
Compass: W
Street Name: GLENROSA
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85013
Zip4: 3055
County Code: Maricopa
Subdivision: PARK FIFTH AVENUE CONDOMINIUMS
Assessor Number: 155-33-291
Tax Year: 2024
General Property Description
# of Buildings: 0
Uncvrd Parking Spcs: 0
Lot Size Dimensions: Irregular
Total # of Units: 0
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District
Elementary School: Encanto School
Jr. High School: Osborn Middle School
High School: Central High School
Year Built: 2026
Zoning: R-4
Legal Info
Range: 3E
Section: 20
Township: 2N
Lot Number: 152
Project Type
25 - 50 Units: 1
Construction
See Remarks: 1
Const - Finish
Other (See Remarks): 1
Roofing
Other: 1
Floors
Other: 1
Sale Includes
Other (See Remarks): 1
Income & Expenses
Owner Association: Yes
Annual Ownr Asoc Fee: 0
Operating Exp: 109
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Pmt & Rate Info
Equity: 2999000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
Other: 1
Heating
Electric: 1
Cooling
See Remarks: 1
Exterior Amenities
Other (See Remarks): 1
Interior Features
Other (See Remarks): 1
Tenant Pays
Other (See Remarks): 1
Appliances Included
Other: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Other (See Remarks): 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
None: 1
Electric
APS: 1
Gas
None: 1
Owner Pays
Other: 1
New Financing
Cash: 1
Conventional: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: W GLENROSA AVE & N 5TH AVE
Directions: FROM CENTRAL AVE HEAD WEST ON GLENROSA AVE, RIGHT ONTO 5TH AVE. PROPERTY IS ON LEFT.
Geo Lat: 33.498972
Geo Lon: -112.081142
Property Features
Project Type: 25 - 50 Units
Construction: See Remarks
Const - Finish: Other (See Remarks)
Roofing: Other
Floors: Other
Sale Includes: Other (See Remarks)
Community Features: Other
Exterior Amenities: Other (See Remarks)
Interior Features: Other (See Remarks)
Appliances Included: Other
Cooling: See Remarks
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking Features: None
Road Surface Type: Asphalt
Owner Pays: Other
Tenant Pays: Other (See Remarks)
Source of Fincl Data: Other (See Remarks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
New Financing: Cash; Conventional
Environmental: None
Listing Office:
Grigg's Group Powered by The Altman Brothers
Last Updated: June - 28 - 2025
Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.