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For more information on this property, contact Michael Bohlman at 480-797-3800 or mbohlman@outlook.com

6034 N 21ST Avenue
Phoenix, Arizona AZ 85015-1917
Sold For: $1,750,000
Listing ID 6263070
Status Closed
Year Built 1963

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

Primary Features

County: Maricopa
Property Type: Multiple Dwellings
Subdivision: MELROSE VALLEY ESTATES 1
Year Built: 1963
Zoning: R-3

Interior

1 Bedroom Units # Baths: 1
1 Bedroom Units Avg SqFt: 739
2 Bedroom Units # Baths: 1
2 Bedroom Units Avg SqFt: 739
3 Bedrooms Units # Baths: 1
3 Bedrooms Units Avg SqFt: 739
Cooling: Individual, Heat Pump
Cooling: yes
Heating: Individual, Heat Pump
Heating: yes

Location

Community Features: No Pool
Country: US
Directions: West on Bethany Home, North to property
Elementary School District: Madison Elementary District
General Property Description Elementary School District2: Madison Elementary District
General Property Description High School District: Phoenix Union High School District
High School District: Phoenix Union High School District
Postal City: Phoenix
Township: 2N
Water Source: City Franchise

External

Attached Garage: no
Construction Materials: Painted, Block
Covered Spaces: 8
Electric: Individual Meter
General Property Description # of Buildings: 4
General Property Description Lot Size Dimensions: Irr
General Property Description Total # of Units: 8
General Property Description Uncvrd Parking Spcs: 15
Lot Size Dimensions: Irr
Number Of Buildings: 4
Number Of Units Total: 8
Open Parking Spaces: 15
Parking Carport: 1
Parking Features: >1 Space Per Unit, Common
Parking Total: 23
Road Surface Type: Asphalt
Roof: Composition
Sewer: Public Sewer

Additional

Buyer Agency Compensation: 2.25
Mls Status: Closed
Public Survey Range: 2E
Public Survey Section: 12

Financial

1 Bedroom Units Avg Rent: 1150
2 Bedroom Units Avg Rent: 1350
3 Bedrooms Units Avg Rent: 1650
Disclosures: None
Listing Terms: No Carry, Conventional, 1031 Exchange
Operating Expense: 1365
Owner Pays: Trash Collection, Water, Sewer
Tax Annual Amount: 1365
Tax Book Number: 156.00
Tax Lot: TBD
Tax Year: 2020
Tenant Pays: Electricity

Zoning Info


Contact - Listing ID 6263070

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Michael Bohlman

2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800

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