7549 N 21ST Avenue, Phoenix, AZ 85021 (MLS# 6951436)

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 . . .

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.

Contract Info

Ownership: Fee Simple Current Price: $780,000 List Price: $780,000 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