7338 N 43rd Avenue, Glendale, AZ 85301
$4,300,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$4,300,000
Last Modified:
7/30/2025
Overview
Description
Concept at 43rd Ave is a 20-unit townhome community located southwest of the
intersection of 43rd & Orangewood Avenues offering immediate mobility through the
adjacent Interstate 17 (I- 17) as a connection point to navigate the boundless lifestyle
and economic opportunities of the west Valley. The property is presented with access to a strong employment landscape led by ±412,100 total employees within a ten-mile radius across employment corridors featuring tenants such as USAA, American Express, Banner Health, U-Haul, Amazon, and Blue Cross Blue Shield as well as numerous awarding-winning healthcare facilities, Banner University Medical Center.
Supplements: ... (Read more)
Listing Details MLS# 6899094
Location, Tax & Legal
- House Number
- 7338
- Compass
- N
- Street Name
- 43rd
- St Suffix
- Avenue
- City/Town Code
- Glendale
- State/Province
- AZ
- Zip Code
- 85301
- County Code
- Maricopa
- Assessor Number
- 147-07-017
- Tax Year
- 2025
- Assessor's Map #
- 7
- Assessor's Parcel #
- 17
- Add'l Parcels
- Yes
- Tax Municipality
- Glendale
- Taxes
- 14107
- Legal
- CONCEPT 80 MCR 221-13
- Marketing Name
- Concept on 43rd Ave
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 18400
- Year Built
- 1983
- Uncvrd Parking Spcs
- 42
- Total # of Units
- 20
- # of Buildings
- 13
- Zoning
- R-3
Legal Info
- Lot Number
- 14
Income Expenses
- Gross Annual Sch Inc
- 349200
- Net Operating Income
- 226399
More Information
Showing Notification Methods
- Showing Service
- Aligned Showings
2 Bedroom Units
- # 2 Bedroom Units
- 20
- Avg Rent
- 1372
- Avg SqFt
- 920
- # Baths
- 30
Project Type
- 13 - 24 Units
- Yes
Construction
- Wood Frame
- Yes
Const - Finish
- Painted
- Yes
- Stucco
- Yes
Roofing
- Composition
- Yes
- Tile
- Yes
Floors
- Vinyl
- Yes
- Carpet
- Yes
Sale Includes
- Building(s) Only
- Yes
Income & Expenses
- Annual Elec Exp
- 8520
- Annual Ins Exp
- 15898
- Annual Landscape Exp
- 1000
- Annual Legal & Acctg
- 4000
- Annual Maint Exp
- 10000
- Annual Mgmt Exp
- 14343
- Owner Association
- Yes
- Annual Ownr Asoc Fee
- 40800
- Annual Rplcmnt Rsrvs
- 5000
- Annual Other Expense
- 18500
- Operating Exp
- 132168
- Other Income
- 30318
- Vacancy Allowance
- 0.06
- Adjusted Gross Inc
- 356746.92
Pmt & Rate Info
- Cap Rate
- 5.27
- Equity
- 4300000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
Lockbox Type
- None
- Yes
Community Features
- Pool
- Yes
Heating
- Individual
- Yes
Cooling
- Individual
- Yes
Exterior Amenities
- Green Landscaping
- Yes
Interior Features
- Unfurnished
- Yes
Tenant Pays
- Electricity
- Yes
Appliances Included
- Dishwasher
- Yes
- Microwave
- Yes
- Refrigerator
- Yes
- Washer/Dryer
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- >1 Space Per Unit
- Yes
Electric
- SRP
- Yes
Gas
- SW Gas
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
- Landscaping
- Yes
New Financing
- Cash
- Yes
- Conventional
- Yes
Reports/Disclosures
- None
- Yes
Environmental
- None
- Yes
Efficiency Units
- Avg Rent
- 0
1 Bedroom Units
- Avg Rent
- 0
3 Bedrooms Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Property Features
Project Type:
13 - 24 Units
Construction:
Wood Frame
Const - Finish:
Painted; Stucco
Roofing:
Composition; Tile
Floors:
Vinyl; Carpet
Sale Includes:
Building(s) Only
Community Features:
Pool
Exterior Amenities:
Green Landscaping
Interior Features:
Unfurnished
Appliances Included:
Refrigerator; Dishwasher; Microwave; Washer/Dryer
Heating:
Individual
Cooling:
Individual
Water Source:
City Franchise
Sewer:
Sewer - Public
Electric:
SRP
Gas:
SW Gas
Parking Features:
>1 Space Per Unit
Road Surface Type:
Asphalt
Owner Pays:
Water; Trash Collection; Landscaping
Tenant Pays:
Electricity
Source of Fincl Data:
Owner
Lockbox Type:
None
New Financing:
Cash; Conventional
Environmental:
None
Listing Office:
Marcus & Millichap
Last Updated: July - 30 - 2025
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