$830,000
Phoenix, AZ 85021
MLS# 6951436
1 / 9
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 . . .
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $830,000
List Price: $830,000
Status: Active
List Date: 2025-11-25
Location, Tax & Legal
Assessor's Map #: 19
Legal Description (Abbrev): LOT 3 MORTEN AVENUE ESTATES MCR 062029
Assessor's Parcel #: 118
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 106002
Taxes: 2490
Legal: LOT 3 MORTEN AVENUE ESTATES MCR 062029
Marketing Name: Morten Avenue Estates
House Number: 7549
Compass: N
Street Name: 21ST
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85021
Zip4: 6890
County Code: Maricopa
Subdivision: MORTEN AVENUE ESTATES
Assessor Number: 157-19-118
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 6
Lot Size Dimensions: 10639
Total # of Units: 4
Elementary School District: Washington Elementary School District
High School District: Glendale Union High School District
Elementary School: Orangewood School
Jr. High School: Orangewood School
High School: Washington High School
Year Built: 2003
Zoning: R-3
Legal Info
Range: 2E
Section: 1
Township: 2N
Lot Number: 3
Project Type
Four Plex: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Floors
Tile: 1
Sale Includes
Building(s) Only: 1
Income & Expenses
Annual Elec Exp: 345.84
Annual Gas Exp: 0
Annual Ins Exp: 2001
Annual Land Lse Exp: 0
Annual Legal & Acctg: 2565.31
Annual Wtr/Swr Exp: 3335.62
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Other Expense: 5618.68
Operating Exp: 16356.45
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 64344.68
Total Monthly Rental Income: 5265
Pmt & Rate Info
Cap Rate: 1.22
Equity: 780000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
See Private Remarks: 1
None: 1
Community Features
No Pool: 1
Heating
Heat Pump: 1
Electric: 1
Cooling
Ceiling Fan(s): 1
Electric: 1
Exterior Amenities
Desert Landscaping: 1
Cable TV Available: 1
Sidewalk(s): 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Built-In Electric Oven: 1
Dishwasher: 1
Refrigerator: 1
Washer/Dryer: 1
Road Access Type
City Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Road Responsibility
Private Maintained Road: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Sewer-In & Connected: 1
Parking Features
<1 Space Per Unit: 1
Paved: 1
Assigned: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
Conventional: 1
1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1316.25
Avg SqFt: 797
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 21st Avenue and Northern
Directions: West on Northern to 21st Avenue, South to the property on the East side of 21st Avenue
Geo Lat: 33.547915
Geo Lon: -112.103608
Income Expenses
Gross Annual Sch Inc: 64344.68
Net Operating Income: 9483.37
Property Features
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Tile
Sale Includes: Building(s) Only
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Cable TV Available; Sidewalk(s)
Interior Features: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: Built-In Electric Oven; Refrigerator; Dishwasher; Washer/Dryer
Heating: Heat Pump
Cooling: Ceiling Fan(s); Electric
Water Source: City Franchise
Sewer: Sewer - Public; Sewer-In & Connected
Electric: SRP
Gas: None
Parking Features: <1 Space Per Unit; Assigned; Paved
Road Access Type: City Street
Road Surface Type: Asphalt
Road Responsibility: Private Maintained Road
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: See Private Remarks; None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional; 1031 Exchange
Environmental: None
Supplements
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.
Listing Office: AZ Flat Fee
Last Updated: December - 31 - 2025
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