Properties

Phoenix, AZ 85021 7549 N 21ST Avenue

7549 N 21ST Avenue Phoenix, AZ - Image 17549 N 21ST Avenue Phoenix, AZ - Image 27549 N 21ST Avenue Phoenix, AZ - Image 3
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7549 N 21ST Avenue Phoenix, AZ - Image 47549 N 21ST Avenue Phoenix, AZ - Image 57549 N 21ST Avenue Phoenix, AZ - Image 67549 N 21ST Avenue Phoenix, AZ - Image 77549 N 21ST Avenue Phoenix, AZ - Image 8
Presented By: AZ Flat Fee; 480-771-1511
  • MLS# 6951436
  • 11/25/2025
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Home Details

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 . . . 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.
Presented By: AZ Flat Fee; 480-771-1511

Interior Features for 7549 N 21ST Avenue

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NYes
FlooringTile
Heating Y/NYes

General for 7549 N 21ST Avenue

Additional Parcels Y/NNo
Attached Garage No
Cap Rate1.22
Carport Y/NNo
CityPhoenix
Community FeaturesNo Pool
Construction MaterialsWood Frame, Painted, Stucco
CoolingCeiling Fan(s), Electric
CountyMaricopa
DirectionsWest on Northern to 21st Avenue, South to the property on the East side of 21st Avenue
DisclosuresSeller Prop Disc Stm
ElectricSRP
Electric Expense345.84
Elementary SchoolOrangewood School
Elementary School DistrictWashington Elementary School District
Fuel Expense0.0
Garage Y/NNo
Gross Income64344.68
HeatingHeat Pump, Electric
High SchoolWashington High School
High School DistrictGlendale Union High School District
Insurance Expense2001.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
Middle/Junior High SchoolOrangewood School
MobileHomeRemainsYNNo
Net Operating Income9483.37
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
Number Of Units Total4
Occupancy TypeTenant
Open Parking Spaces6.0
Operating Expense16356.45
OwnerPaysTrash Collection, Water, Sewer, Landscaping
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofComposition
Senior CommunityN
SewerSewer-In & Connected, Public Sewer
Standard StatusActive
StatusActive
Subdivision NameMORTEN AVENUE ESTATES
Tax Annual Amount2490.0
Tax Lot3
Tax Year2025
Township2N
Water Sewer Expense3335.62
Year Built2003
ZoningR-3

Exterior for 7549 N 21ST Avenue

Covered Spaces0.0
Crops Included Y/NNo
Exterior AmenitiesSidewalk(s)
Irrigation Water Rights Y/NNo
Lot Dimensions10639
Number of Buildings1
Parking FeaturesPaved, Assigned, <1 Space Per Unit
Road Surface TypeAsphalt
SpaNo
Total Parking6.0
Water SourceCity Franchise

Additional Details

Price History

Schools

Middle School Orangewood School Middle School
High School Washington High School
Elementary School Orangewood School Elementary School

Connect Realty

Price $800,000
MLS#6951436
List Date 11/25/2025
Property Type Multi-Family
Phone 888.795.6274
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