6034 N 21ST Avenue, Phoenix, AZ 85015 (MLS# 6263070)

6034 N 21ST Avenue, Phoenix, AZ 85015

$1,750,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $1,750,000 Last Modified: 3/22/2025

Overview

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...

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 din ... (Read more)

Listing Details MLS# 6263070

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: US
County Code: Maricopa
Subdivision: MELROSE VALLEY ESTATES 1
Assessor Number: 156-12-136-J
Tax Year: 2020
Assessor's Map #: 12
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
Assessor's Parcel #: 136
Assessor Parcel Ltr: J
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 106802
Taxes: 1365
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
Marketing Name: 21st Ave Apartments

Contract Info

Ownership: Fee Simple

General Property Description

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

Remarks Misc

Cross Street: 19th Ave and Bethany Home Rd.
Directions: West on Bethany Home, North to property

Status Change Info

Off Market Date: 2022-02-02
Under Contract Date: 2021-12-01
Close of Escrow Date: 2022-02-14

Legal Info

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

More Information

1 Bedroom Units

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

2 Bedroom Units

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

3 Bedrooms Units

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

Sold Info

Loan Type: Conventional
Loan Years: 15
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Project Type

5 - 12 Units: Yes

Construction

Block: Yes

Const - Finish

Painted: Yes

Roofing

Composition: Yes

Floors

Vinyl: Yes

Sale Includes

Building(s) Only: Yes
Laundry Equipment: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 1365
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0

Pmt & Rate Info

Equity: 1800000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Showing Notification Methods

No Notification Required to Show: Yes

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Heat Pump: Yes
Individual: Yes

Cooling

Heat Pump: Yes
Individual: Yes

Exterior Amenities

Desert Landscaping: Yes
Patio/Balcony: Yes

Tenant Pays

Electricity: Yes

Appliances Included

Refrigerator: Yes
Free-Standing Range: Yes
Washer/Dryer: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes
Projected Proforma: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Carport: Yes
>1 Space Per Unit: Yes

Electric

Individual Meter: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes

New Financing

Conventional: Yes
No Carry: Yes
1031 Exchange: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

Efficiency Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: 5 - 12 Units Construction: Block Const - Finish: Painted Roofing: Composition Floors: Vinyl Sale Includes: Building(s) Only; Laundry Equipment Community Features: No Pool Exterior Amenities: Desert Landscaping; Patio/Balcony Appliances Included: Free-Standing Range; Refrigerator; Washer/Dryer Heating: Individual; Heat Pump Cooling: Heat Pump; Individual Water Source: City Franchise Sewer: Sewer - Public Electric: Individual Meter Gas: None Parking Features: Carport; >1 Space Per Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity Source of Fincl Data: Owner; Projected Proforma Showing Notification Methods: No Notification Required to Show Lockbox Type: None New Financing: Conventional; No Carry; 1031 Exchange Environmental: None

Listing Office: Blue Saguaro Commercial Realty, LLC

Last Updated: March - 22 - 2025