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6034 N 21ST Avenue, Phoenix, AZ 85015

$1,800,000
Status: Active
Current Price: $1,800,000 List Date: 7/23/2021 Last Modified: 11/28/2021

Description

This newly remodeled 8-unit community presents a unique opportunity for the investor looking for a quality asset in a premium income location. The property sits directly across the street from Abrazo Medical Center. It is located on the Metro Rail line and only 2.5 miles from Grand Canyon University. A turn-key asset, it can be run conventionally, catering to the high demand for rentals in this part of Phoenix. An investor can also greatly boost returns with a short term rental program catering to hospital staff, visiting physicians, and traveling nurses. The community is ideally located for this type of program. The unit mix consists of 3 1-bedroom, 4 2-bedroom, and a 3-bedroom unit. The average unit size is a spacious 738 square feet. Select units have...

Suppliments: Select units have private back yards with individual washer/dryers. Tenants pay electric. Occupancy is 100% with great rents. The 2021 remodel included new kitchens, baths, low maintenance flooring, new windows, and more. Within walking distance are multiple banking facilities and Spectrum Mall with Walmart, Target, a movie theater, and various dining options. This 8-unit asset has it all: a great unit mix, low maintenance going forward, and a fantastic high demand location! Listed rents are actual. Additional Parcel included: 6044 N 21st Ave

More Information MLS# 6263070

Contract Info

Current Price: $1,800,000 List Price: $1,800,000 Status: Active List Date: 2021-07-10 Ownership: Fee Simple

Location, Tax & Legal

Map Code/Grid: N33 House Number: 6034 Compass: N Street Name: 21ST St Suffix: Avenue City/Town Code: Phoenix State/Province: AZ Zip Code: 85015 Zip4: 1917 Country: USA County Code: Maricopa Legal Description (Abbrev): MELROSE VALLEY ESTATES UNIT ONE MCR 77/4 TH PT TR A DAF BEG NE COR SD TR TH S 239.66 TO TPOB TH CO Subdivision: MELROSE VALLEY ESTATES 1 Assessor's Map #: 12 Assessor's Parcel #: 136 Assessor Parcel Ltr: J Add'l Parcels: Yes Assessor Number: 156-12-136-J Legal: MELROSE VALLEY ESTATES UNIT ONE MCR 77/4 TH PT TR A DAF BEG NE COR SD TR TH S 239.66 TO TPOB TH CO Census Tract: 106802 Tax Municipality: Phoenix Taxes: 1365 Tax Year: 2020 Marketing Name: 21st Ave Apartments

General Property Description

Lot Size Dimensions: Irr Year Built: 1963 Uncvrd Parking Spcs: 15 Total # of Units: 8 # of Buildings: 4 Zoning: R-3 Elem School Dist #: 038 - Madison Elementary District High School Dist #: 210 - Phoenix Union High School District

Remarks & Misc

Cross Street: 19th Ave and Bethany Home Rd. Directions: West on Bethany Home, North to property Geo Lat: 33.525321 Geo Lon: -112.104323

Status Change Info

Status Change Date: 2021-07-23

Legal Info

Township: 2N Range: 2E Section: 12 Lot Number: TBD

Income & Expenses

Owner Association: No Operating Exp: 1365

Pmt & Rate Info

Equity: 1800000

1 Bedroom Units

# 1 Bedroom Units: 3 Avg Rent: 1150 Avg SqFt: 739 # Baths: 1

2 Bedroom Units

# 2 Bedroom Units: 4 Avg Rent: 1350 Avg SqFt: 739 # Baths: 1

3 Bedrooms Units

# 3 Bedroom Units: 1 Avg Rent: 1650 Avg SqFt: 739 # Baths: 1

Property Features

Project Type: 5 - 12 Units Construction: Block Const - Finish: Painted Roofing: Comp Shingle Floors: Vinyl Sale Includes: Building(s) Only; Laundry Equipment Community Amenities: No Pool Exterior Amenities: Desert Landscaping; Patio/Balcony Appliances Included: F/S Oven/Range; Refrigerator; Washer/Dryer Heating: Individual; Heat Pump Cooling: Heat Pump; Individual Water: City Franchise Sewer: Sewer - Public Electric: Individual Meter Gas: None Parking: Carport; >1 Space Per Unit Roads/Streets: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electric Source of Fincl Data: Provided by Owner; Projected Proforma New Financing: Conventional; No Carry; 1031 Exchange Reports/Disclosures: None Environmental: None

Supplements

Select units have private back yards with individual washer/dryers. Tenants pay electric. Occupancy is 100% with great rents. The 2021 remodel included new kitchens, baths, low maintenance flooring, new windows, and more. Within walking distance are multiple banking facilities and Spectrum Mall with Walmart, Target, a movie theater, and various dining options. This 8-unit asset has it all: a great unit mix, low maintenance going forward, and a fantastic high demand location! Listed rents are actual. Additional Parcel included: 6044 N 21st Ave
Listing Office: Blue Saguaro Commercial Realty, LLC
Last Updated: November - 28 - 2021
6034 N 21ST Avenue, Phoenix, AZ 85015- MLS# 6263070
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