4324 N 21st Street, Phoenix, AZ 85016
- $2,800,000
- 10
- BD
- 8
- BA
- List Price
- $2,800,000
- Status
- ACTIVE
- Days on Market
- 1
- MLS#
- 7072919
- City
- Phoenix
- Bedrooms
- 10
- Bathrooms
- 8
- Year Built
- 1955
Property Description
A rare multifamily investment opportunity in the heart of Phoenix, The Casitas consists of three separate parcels totaling 31,787 square feet near 21st Street and Camelback Road. The property features seven residences across six buildings, including five detached units and one duplex, with studio, one-, two- and three-bedroom layouts. Renovated down to the studs in 2022, each unit offers modern interiors, updated systems, private outdoor space and individually metered utilities. Gated parking and low-maintenance grounds complete the property. Conveniently located near the Biltmore, Arcadia, The Esplanade, shopping, dining, employment centers and major freeways, this turnkey investment provides strong rental income with compelling long-term potential.
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Additional Information
- Taxes
- $7,769
- Net Operating Income
- $130,091
- Cap Rate
- 4.65
- Units
- 7
- Parking Features
- Open, 1 Space/Unit, Garage Door Opener, Attached Garage, Off Street
- Construction
- Block, Stucco
- Roofing
- Composition
- Cooling
- Central Air, Electric, Ceiling Fan(s)
- Heating
- Heat Pump, Ceiling
- Zoning
- R-3 MultiFamily
- Community Features
- No Pool
- Electric
- Individual Meter, SRP
- Water
- City Franchise
- Tenant Pays
- Electricity, Gas
- New Financing
- Conventional, 1031 Exchange, Cash
- Elementary School
- Madison #1 Elementary School
- Middle School
- Madison Park School
- High School
- Camelback High School
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Listing courtesy of Real Broker.
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