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6034 N 21ST Avenue Phoenix, AZ 85015
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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
Garage >1 Space Per Unit, Common
Community Features No Pool
Waterfront No
Roof Type Composition
Parking Type >1 Space Per Unit, Common
Total Parking Spaces 23
Building
Sewer Public Sewer
Water City Franchise
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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