$4,550,000
Phoenix, AZ 85021
MLS# 6911601
1 / 22
Property Description
Centrally located East of the I-17 Freeway immediately north of Central Phoenix's largest major employment corridor is Macallister, a 24-unit apartment community, just north of the Glendale Avenue and 19th Avenue intersection, surrounded by the growing lifestyle opportunities of a gentrifying area and the natural beauty of the North Mountain Preserve.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $4,550,000
List Price: $4,550,000
Status: Active
List Date: 2025-08-27
Location, Tax & Legal
Assessor's Map #: 19
Assessor's Parcel #: 140
Add'l Parcels: No
Tax Municipality: Phoenix
Taxes: 24774
Legal: TERRA BELLA MCR 1022-12 LOT 1 EX S 3F PER RD 9/11
Marketing Name: Macallister
House Number: 2016
Compass: W
Street Name: Orangewood
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85021
County Code: Maricopa
Assessor Number: 157-19-140
Tax Year: 2025
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 8
Lot Size Dimensions: 0.78
Total # of Units: 24
Year Built: 2018
Zoning: R-5
Project Type
13 - 24 Units: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Tile: 1
Floors
Vinyl: 1
Carpet: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 29182
Annual Ins Exp: 8460
Annual Landscape Exp: 7200
Annual Legal & Acctg: 3957
Annual Maint Exp: 9600
Annual Mgmt Exp: 13486
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Rplcmnt Rsrvs: 6000
Annual Other Expense: 21600
Operating Exp: 124259
Other Income: 26591
Vacancy Allowance: 0.06
Adjusted Gross Inc: 335560.26
Pmt & Rate Info
Cap Rate: 4.7
Equity: 4550000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Lockbox Type
None: 1
Community Features
Pool: 1
Heating
Individual: 1
Cooling
Individual: 1
Exterior Amenities
Green Landscaping: 1
Desert Landscaping: 1
Interior Features
Unfurnished: 1
Tenant Pays
Electricity: 1
Appliances Included
Dishwasher: 1
Free-Standing Electric Oven: 1
Microwave: 1
Refrigerator: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Electric
SRP: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
Conventional: 1
1031 Exchange: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
# Efficiency Units: 12
Avg Rent: 989
Avg SqFt: 560
# Baths: 12
1 Bedroom Units
# 1 Bedroom Units: 8
Avg Rent: 1196
Avg SqFt: 734
# Baths: 8
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1525
Avg SqFt: 7050
# Baths: 8
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Geo Lat: 33.546507
Geo Lon: -112.102594
Legal Info
Lot Number: 1
Income Expenses
Gross Annual Sch Inc: 330388
Net Operating Income: 213896
Property Features
Project Type: 13 - 24 Units
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Tile
Floors: Vinyl; Carpet
Sale Includes: Land & Building
Community Features: Pool
Exterior Amenities: Green Landscaping; Desert Landscaping
Interior Features: Unfurnished
Appliances Included: Free-Standing Electric Oven; Refrigerator; Dishwasher; Microwave; Washer/Dryer
Heating: Individual
Cooling: Individual
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking Features: >1 Space Per Unit
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity
Source of Fincl Data: Owner
Showing Notification Methods: Text
Lockbox Type: None
New Financing: Cash; Conventional; 1031 Exchange
Environmental: None
Supplements
The adjacent city-endorsed North Mountain Redevelopment Area, a defined area within the Phoenix MSA currently undergoing transformative gentrification efforts, provides assistance to residents and business owners in taking advantage of funding mechanisms designed to improve the region through advancement of underutilized properties, expanded infrastructure, and the creation of additional employment opportunities with current capital investment of $179M, and lead by a revitalization of the iconic Metrocenter Mall. Ample employment opportunities are found through the nearby I-17 Employment Corridor, boasting more than 43,000 employees across ±1,200 businesses, featuring employers such as BlueCross BlueShield, Wells Fargo, Waste Management.
Developed in 2018, Macallister is comprised of 12 studios (50%), 8 one-bedroom (33%), and 4 two-bedroom (17%) floorplans, offering an average of 700 square feet. All units feature attractive amenities including 9-foot ceilings, balconies/patios (select units), in-suite washer/dryers, stainless steel appliances, and granite countertops.
Listing Office: Marcus & Millichap
Last Updated: August - 28 - 2025
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