$1,750,000
$1,800,000
2.8%For more information regarding the value of a property, please contact us for a free consultation.
6034 N 21ST Avenue Phoenix, AZ 85015
Key Details
Sold Price $1,750,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Melrose Valley Estates 1
MLS Listing ID 6263070
Sold Date 02/14/22
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1963
Annual Tax Amount $1,365
Tax Year 2020
Lot Dimensions Irr
Property 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... 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
Location
State AZ
County Maricopa
Community Melrose Valley Estates 1
Zoning R-3
Direction West on Bethany Home, North to property
Interior
Heating Individual, Heat Pump
Cooling Individual, Heat Pump
Flooring Vinyl
Appliance F/S Oven/Range, Washer/Dryer
Exterior
Parking Features >1 Space Per Unit, Common
Community Features No Pool
Roof Type Composition
Total Parking Spaces 23
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 156-12-136-J
Acceptable Financing No Carry, Conventional, 1031 Exchange
Listing Terms No Carry, Conventional, 1031 Exchange
Financing Conventional
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