7549 N 21st Avenue, Phoenix, AZ 85021
- $790,000
- List Price
- $790,000
- Status
- ACTIVE
- Price Change
- ▼ $10,000 1775873488
- Days on Market
- 264
- MLS#
- 6951436
- City
- Phoenix
- Year Built
- 2003
Property Description
Discover an exceptional investment opportunity in the heart of Central Phoenix! This well-maintained four-plex, built in 2003, features four identical 2-bedroom, 1-bath units, each offering approximately 797 sq ft of thoughtfully designed living space. Inside, each unit showcases modern kitchens with built-in appliances and wood cabinetry. A soothing color palette and durable tile flooring create a clean, cohesive look that appeals to long-term tenants. The property also offers ample on-site parking and easy-care desert landscaping, making it simple to maintain. Ideally located just minutes from the light rail, schools, shopping, popular dining, and major freeways, this property delivers both convenience and strong rental demand. Owner currently pays water, sewer, and trash, while . . . Tenants pay electricity, keeping operating expenses predictable. This is a rare chance to secure immediate cash flow with excellent future value in one of Phoenix's most sought-after rental markets. Drive-by only, please do not disturb tenants. No sign on the property.
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Additional Information
- Taxes
- $2,490
- Net Operating Income
- $9,483
- Cap Rate
- 1.2
- Units
- 4
- Parking Features
- Paved, <1 Space Per Unit, Assigned
- Construction
- Wood Frame, Painted, Stucco
- Roofing
- Composition
- Cooling
- Electric, Ceiling Fan(s)
- Heating
- Electric, Heat Pump
- Zoning
- R-3
- Exterior Features
- Sidewalk(s)
- Subdivision
- Morten Avenue Estates
- Community Features
- No Pool
- Electric
- SRP
- Water
- City Franchise
- Sewer
- Sewer-In & Connected
- Tenant Pays
- Electricity, Cable TV
- New Financing
- Conventional, 1031 Exchange, Cash
- Elementary School
- Orangewood School
- Middle School
- Orangewood School
- High School
- Washington High School
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