7553 N 21st Avenue, Phoenix, AZ 85021

$550,000
Sold Price
$550,000
List Price
$560,000
Closing Date
Jan 22, 2021
Days on Market
11
Status
CLOSED
MLS#
6179405
City
Phoenix
Subdivision
Morten Avenue Estates
Year Built
2003

Property Description

Great investment opportunity! This 4- plex is close to the light rail & I17 in a growing central Phoenix location. These are all 2 bed/1 bath units approx. 800 s/f with newer renovation including completely tiled flooring thru-out. Each units has stacked W/D & fenced private backyards w/paver patios. HVACs are in good condition & maintenainced regularily. Building on corner lot with fire sprinkler system,newer exterior paint, low maintenance landscaping & parking lot. Property is well maintained in & out.

Additional Information

School District
205 - Glendale Union High School District
Construction
Frame - Wood
Cooling
Electric Refrigeratd, Individual
Electric
APS, Individual Meter, SRP
Exterior Amenities
Cable TV Available, Desert Landscaping, Partially Fenced, Patio/Balcony
Finish
Painted, Stucco
Floors
Ceramic Tile
Gas
None
Guest House SqFt
6
Heating
Ceiling Fan(s), Electric, Individual
Interior Amenities
Fire Sprinklers, Fire/Smoke Alarm(s), Mini Blinds, Other (See Remarks), Unfurnished
New Financing
1031 Exchange, Conventional
Parking
1 Space/Unit, Add'l Parking Avail
Project Type
Four Plex
Roofing
Comp Shingle
Sewer
Sewer - Public
Pool
Yes
Subdivision
Morten Avenue Estates
Taxes
$2,272
Tenant Pays
Electric
Units
4
Water
City Franchise
Zoning
multi
Total Month Rent Inc
4544
Gross Annual Sch Inc
54528
Adjusted Gross Inc
51801
Annual Ins Exp
1753
Annual Maint Exp
3000
Annual Elec Exp
5000
Annual Legal Accounting
625
Operating Exp
12650
Net Operating Income
$41,955

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of S.J. Fowler Real Estate, Inc.. Selling Office: West USA Realty.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.