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
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: The property also provides close proximity to a number of west Valley mainstays ranging from Westgate Entertainment District to several Spring Training facilities as well as a number of outstanding higher academic campus, including Grand Canyon University & Arizona State University West Campus. Developed in 1983, Concept at 43rd Ave is entirely comprised of two-bedroom townhome floorplans, each covering 920 square feet and an attached two-car garage. Future ownership will have the opportunity to upgrade the remaining 19 classic interiors with an associated renovation premium of $300 per month.
More Information MLS# 6899094
Contract Info
Ownership: Fee Simple Current Price: $4,300,000 List Price: $4,300,000 Status: Active List Date: 2025-07-30
Location, Tax & Legal
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 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
General Property Description
# of Buildings: 13 Uncvrd Parking Spcs: 42 Lot Size Dimensions: 18400 Total # of Units: 20 Year Built: 1983 Zoning: R-3
Project Type
13 - 24 Units: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1 Stucco: 1
Roofing
Composition: 1 Tile: 1
Floors
Vinyl: 1 Carpet: 1
Sale Includes
Building(s) Only: 1
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
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
None: 1
Community Features
Pool: 1
Heating
Individual: 1
Cooling
Individual: 1
Exterior Amenities
Green Landscaping: 1
Interior Features
Unfurnished: 1
Tenant Pays
Electricity: 1
Appliances Included
Dishwasher: 1 Microwave: 1 Refrigerator: 1 Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Electric
SRP: 1
Gas
SW Gas: 1
Owner Pays
Water: 1 Sewer: 1 Trash Collection: 1 Landscaping: 1
New Financing
Cash: 1 Conventional: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 20 Avg Rent: 1372 Avg SqFt: 920 # Baths: 30
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Geo Lat: 33.544461 Geo Lon: -112.151728
Legal Info
Lot Number: 14
Income Expenses
Gross Annual Sch Inc: 349200 Net Operating Income: 226399
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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