$1,750,000
6034 N 21ST Avenue
Phoenix, AZ 85015
MLS# 6263070
Status: Closed



6034 N 21ST Avenue, Phoenix, AZ 85015
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6034 N 21ST Avenue, Phoenix, AZ 85015 6034 N 21ST Avenue, Phoenix, AZ 85015 6034 N 21ST Avenue, Phoenix, AZ 85015 6034 N 21ST Avenue, Phoenix, AZ 85015 6034 N 21ST Avenue, Phoenix, AZ 85015 6034 N 21ST Avenue, Phoenix, AZ 85015 6034 N 21ST Avenue, Phoenix, AZ 85015 6034 N 21ST Avenue, Phoenix, AZ 85015 6034 N 21ST Avenue, Phoenix, AZ 85015 6034 N 21ST Avenue, Phoenix, AZ 85015 6034 N 21ST Avenue, Phoenix, AZ 85015 6034 N 21ST Avenue, Phoenix, AZ 85015

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...

Details
Maps
Contract Info
Current Price: $1,750,000
Sold Price: $1,750,000
Status: Closed
List Date: 2021-07-10
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
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
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
Geo Lat: 33.525321
Geo Lon: -112.104323
Status Change Info
Status Change Date: 2022-02-15
Off Market Date: 2022-02-02
Under Contract Date: 2021-12-01
Close of Escrow Date: 2022-02-14
Sold Price: $1,750,000
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
Sold Info
Loan Type: Conventional
Loan Years: 15
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
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
Showing Notification Methods: No Notification Required to Show
Lockbox Type: None
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: June - 29 - 2023

6034 N 21ST Avenue, Phoenix, AZ 85015 - MLS# 6263070
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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