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3611 N 5th Ave, Phoenix, AZ 85013

$3,400,000
  • 36

    bed

  • 48

    bath

Multi-family for sale 131 days
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About 3611 N 5th Ave

Property type Multi-family
Neighborhood
Year built 1961
HOA fee $0/month
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.
Listed by
Listing Agent - Bradley Skenderian
Listing Office - Matthews Real Estate Investment Services
Source: ARMLS mls logo
MLS#7030825 • last updated 3 months ago
Movoto checked ARMLS for data 7 minutes ago
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Overview
Cooling/AC Electric, Individual
Heating Individual, Electric
MLS # 7030825
Type Multiple Dwellings
Status Active
Property Tax 8433
Year Built 1961
Interior
Total # of Bathrooms 288
Total # of Bedrooms 36
Flooring Vinyl
Appliances Built-In Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
Exterior
Roof Built-Up
Construction Block
Parking <1 Space Per Unit
# of Open Parking Spaces 1
# of Covered Spaces 9
Amenities / Utilities
Water Source Master Meter
Sewer/Septic Public Sewer
Location
Subdivision PARK NORTH
Community Features Barbecue, Pool
Elementary School District Osborn Elementary District
High School District Phoenix Union High School District
APN 118-29-005-D
Zoning R-4
Multifamily Details
Total # of Units 12
Expense: Operating 62075
Financial Data Source Owner, Projected Proforma
Expense: Maintenance 1809
Expense: Insurance 6000
Net Operating Income 178903
Gross Income 237246
Expense: Electric 3243
Expense: Fuel 3754
Expense: Trash 2375
Expense: Professional Management 21109
Expense: Water/Sewer 10102
Gross Scheduled Income 225094
Expense: Gardener 5130
Lot/ Land Details
Road Surface Asphalt
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4/10
Clarendon School
public Grades PK, K-8
Osborn Elementary District
4/10
Encanto School
public Grades PK, K-8
Osborn Elementary District
4/10
Osborn Middle School
public Grades 7-8
Osborn Elementary District
8/10
Phoenix Coding Academy
public Grades 9-12
Phoenix Union High School District
3/10
Central High School
public Grades 9-12
Phoenix Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

Around Central Avenue Corridor

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75/100
Walk
61/100
Family
92/100
Dining
97/100
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  • Real Estate
  • AZ
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  • 85013
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  • 3611 N 5th Ave

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