2602 W Glenrosa Ave - Apartments FOR SALE


Phoenix, AZ 85017
$6,840,000 USD
602-714-1283
2602 W Glenrosa Ave, Phoenix, AZ for Sale
$6,840,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

2602 W Glenrosa Ave
Phoenix, AZ 85017


HIGHLIGHTS

  • 72 Units, Originally Built in 1979
  • Unit Mix Consists of Studio (68.1%), One-Bedroom (29.2%), & Two-Bedroom (2.8%) Unit Types
  • Located Near Grand Canyon University & Easy Access to Major Transportation Corridors (I-17, I-10, & US-60 Freeways)
  • Master Metered for Electricity, Heating, Cooling, & Domestic Hot Water
  • Offered All Cash / New Loan
  • Available Individually or With the Adjacent Phoenix West Apartments, 120 Units

OVERVIEW

The Radius Apartments is a 72-unit apartment community nestled in the developing West submarket of Phoenix, AZ. This property is located just south of West Camelback Road, located approximately one-mile from the high-growth economic driver that is Grand Canyon University. The ease of connectivity to the entirety of Phoenix through State Route 60, Interstate-17, and the major thoroughfare of Camelback Road places this property in a prime position to navigate to the entirety of the Phoenix valley and all it has to offer. As of most recent Fall 2025 enrollment data projecting onto Spring 2026 , Grand Canyon University boasts a growing student body consisting of roughly 25,000 students on campus and 108,000 students online, totaling over 133,000 across all its program offerings with 17,000 students living within on-campus housing across 33 residence halls. Grand Canyon University has invested $480 million into the university thus far to improve the quality of academic offerings and student experience and is looking to spend more than $1 billion to develop its campus facilities along 33rd Avenue and Camelback Road into an impressive 400-acre complex. The Radius Apartments was built in 1979 and comprises 72 dwelling units spread across seven two-story buildings featuring a wood frame construction with stucco exterior finishes and pitched composition shingle roofing. The community spans across an approximate 1.68 acres of land, offering a mix of 49 studio units, 21 one-bedroom units, and two two-bedroom averaging at 453 square feet. The property is master metered for electricity, heating, cooling, and domestic hot water. Interior amenities include air conditioning / heating, refrigerator, oven / stove, vinyl wood flooring, and high-speed internet access. Community amenities include: central courtyard, on-site laundry facility, & fully gated entry Available individually or with the adjacent Phoenix West Apartments (120 units).

FOR SALE DETAILS

PRICE

$6,840,000 USD

PRICE/SF

$185 USD /SF

# OF UNITS

72

PRICE/UNIT

$95,000

CAP RATE

Request Cap Rate

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Radius Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

75

LAND DETAILS

LAND ACRES

1.68 AC

LAND SF

73,181 SF

ZONING

C-2

APN/PARCEL ID

154-18-001,154-18-009,154-18-014C

ASK ABOUT THIS PROPERTY

Alon ShnitzerABI MultifamilyMore Info
602-714-1283

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Alon ShnitzerABI MultifamilyMore Info
602-714-1283

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.