Movoto Real Estate
Sold on 02/08/2018

7553 N 21st Ave, Phoenix, AZ 85021

  • $812,000

    Last sold 02/08/2018 for $400K

  • 8

    bed

  • 4

    bath

Multi-family not for sale
80 homes bought nearby with Movoto recently

About 7553 N 21st Ave

Property type Multi-family
Neighborhood
Year built 2003
HOA fee $0/month
Movoto estimate
Property description
Built in 2003 and fully rented 4- plex in great central Phoenix location, walking distance to the light rail and a few minutes drive to the I-17. All 2 bedroom, 1 bath apartments are about 800 s/f with newer renovation including completely tiled flooring thru-out. Units 1 and 2 have completely replaced Carrier a/c and heat systems in 2016 that are still under warranty, units 2 and 3 have had outside a/c compressor units replaced in 2011, all a/c systems have been recently serviced and are working great. All the apartments have stacked, in unit washer/dryers and fenced private backyards with paver patios for easy and quick renting with happy tenants. Total building on corner lot with fire sprinkler system,newer exterior paint, low maintenance landscaping and well maintained inside and out. All the apartments have stacked, in unit washer/dryers and fenced private backyards with paver patios for easy and quick renting with happy tenants. Total building fire sprinkler system,newer exterior paint, low maintenance landscaping and well maintained inside and out. All apartments are handicap accessible, have off street parking and security doors front and rear. $3131 monthly gross rent rolls with market rent increase upside, this is a turn key, ready to go money maker! Drive by only, please do not disturb tenants! Inside showing with accepted offers only, owners are licensed AZ real estate agents.
Listed by
Listing Agent - Tina Newman
Listing Office - Realty ONE Group
Source: ARMLS mls logo
MLS#5690238 • last updated 1 year ago
Movoto checked ARMLS for data 5 minutes ago
Overview
Cooling/AC Ceiling Fan(s), Electric, Individual
Heating Individual, Electric
MLS # 5690238
Type Multiple Dwellings
Status Closed
Property Tax 2121
Year Built 2003
Interior
Flooring Ceramic Tile
Appliances Free-Standing Range, Disposal, Dishwasher, Refrigerator, Washer/Dryer
Exterior
Roof Composition
Construction Wood Frame, Painted, Stucco
Parking Add'l Parking Avail, 1 Space/Unit
# of Open Parking Spaces 6
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Subdivision MORTEN AVENUE ESTATES
Community Features No Pool
Elementary School District Washington Elementary District
High School District Glendale Union High School District
APN 157-19-119
Zoning Multi
Directions From Northern Turn South On To 21st Avenue To Morton. Please Do Not Disturb Tennants.
Multifamily Details
Total # of Units 4
Expense: Operating 13463
Financial Data Source Owner
Expense: Maintenance 1500
Vacancy Allowance 0.05
Expense: Insurance 1641
Net Operating Income 20477
Gross Income 35693.4
Expense: Electric 3868
Expense: Trash 1464
Expense: Water/Sewer 1429
Gross Scheduled Income 37572
Expense: Gardener 1440
$812K
Range: $665K-$958K
Last 30 days 
  • Jan 2021
    mls logo MLS # 6179405
  • Jan 23, 2021 Sold
  • Jan 14, 2021 Listed
  • Jan 13, 2021 Sold
    $550,000 (-1.8%)
  • Jan 10, 2021 Listed
    $560,000 (+40.0%)
  • Feb 2018
    mls logo MLS # 5690238
  • Feb 8, 2018 Sold
    $400,000 (-5.9%)
  • Nov 6, 2017 Listed
    $425,000 (+70.0%)
  • Jun 2012
    mls logo MLS # 4755154
  • Jun 18, 2012 Sold
    $250,000 (-7.1%)
  • May 6, 2012 Listed
    $269,000 (+144.5%)
  • Sep 2011
    mls logo MLS # 4631683
  • Sep 10, 2011 Sold
    $110,000 (-20.9%)
  • Aug 8, 2011 Listed
    $139,000
  • 7553 N 21st Ave
    $400K
  • Vista Income Estates
    $357K -22% y/y
  • 85021
    $629K 0% y/y
  • Phoenix
    $474K -1% y/y
No chart available
Statistics calculated by Movoto

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2/10
7/10
Source: GreatSchools.org © 2026. All rights reserved.

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