3611 N 5TH Avenue

Phoenix, AZ 85013
Beds
36
$3,400,000
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… Read MoreRead Less
Courtesy of Matthews Real Estate Investment Services 310-388-0788
Listing Snapshot
Days Online
139
Last Updated
Beds
36
Year Built
1961
MLS Number
7030825
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Property Location Map
Additional Details
Property Access
Road Surface: Asphalt
Appliances & Equipment
Built-In Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
Building
Built in 1961, 1 building, Construction Materials: Block
Community
Barbecue, Pool
Cooling
Electric, Varies by Unit
Disclosures
None
Expenses
Electric: $3,243, Fuel: $3,754, Gardener: $5,130, Insurance: $6,000, Maintenance: $1,809, Operating: $62,075, Trash: $2,375, Water/Sewer: $10,102
Floors
Vinyl
Heating
Varies by Unit, Electric
Income
Gross Income: $237,246, Gross ScheduledIncome: $225,094, Net Operating Income: $178,903
Lot
Dimensions: .40
Owner Pays
Pool Maintenance, Gas, Trash Collection, Water, Sewer, Landscaping
Parking
9 covered spaces, 1 open parking spaces, 10 total parking spaces, <1 Space Per Unit
Roof
Built-Up
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 118-29-005-D, Public Survey Range: 3E, Public Survey Section: 29, Annual Amount: $8,433, Tax Book Number: 118.00, Legal Description: PARK NORTH S 98.20' OF N 766.40' OF TR E, Parcel Letter: D, Year: 2025, Zoning: R-4
Utilities
Water Source: Master Meter, Individual Meter
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Jennifer Daniels
Team Leader | Realtor
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