7537 N 21st Avenue Phoenix, AZ $ 1,975,000
7537 N 21st Avenue
$ 1,975,000
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7537 N 21st Avenue

Phoenix, AZ, 85021
$ 1,975,000
Baths0.0

Monthly Estimate*

$ 12,321

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $1,975,000. This home was built in 1961.

Centrally located East of the I-17 Freeway immediately north of Central Phoenix's largest major employment corridor is Rose Vista, a, 11-unit apartment community, just south of the 19th Avenue and Northern Avenue intersection in a desirable residential neighborhood, surrounded by the growing lifestyle opportunities of a gentrifying area and the natural beauty of the North Mountain Preserve. 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. Completed in 1961 and 2011 , Rose Vista is comprised of 4 one-bedroom (36%) and 7 two-bedroom (64%) floorplans, offering an average of ±859 square feet. All units include direct access car-ports, private back patios and in-suite (2011 Built) or back-patio washer/ dryers. Future ownership will have the opportunity to renovate the 9 classic units and capitalize on the rent premium based on the current market and achieved rents by similar properties in the immediate surrounding area.

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Multi-Family Active

Price

$ 1,975,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 9,114

Style

Multiple Dwellings

Year Built

1961

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6836611

Features
General
Sewer Public Sewer
Heating Individual
Cooling Ceiling Fan(s) Individual
Roof Foam
Zoning R-3
Construction Materials Wood Frame Painted Stucco Block
Year Built 1961
Electric SRP Individual Meter
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 200394.84
Community Features No Pool
County Maricopa
Net Operating Income 142704.0
Operating Expense 58375.0
Insurance Expense 6600.0
Property Type Multiple Dwellings
Attached Garage N
MaintenanceExpense 6600.0
Garage Y/N N
Status Active
City Phoenix
Disclosures None
Open Parking Spaces 0.0
Number Of Units Total 11
Lot Size Square Feet 0.0
Carport Y/N N
Tax Annual Amount 9114.0
Electric Expense 12158.0
Fuel Expense 0.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Tax Lot 23
Cap Rate 6.86
New Financing: Conventional True
Senior Community N
New Financing: Cash True
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Interior
Flooring Carpet Ceramic Tile Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Exterior
Parking Features >1 Space Per Unit Carport
Water Source City Franchise
Total Parking 15.0
Lot Size Area 0.0
Number of Buildings 6
Spa N
Lot Dimensions 0.87
Lot Size Acres 0.0
Covered Spaces 15.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 7537
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* Excluded Features
List By
Marcus & Millichap

Broker

paul.bay@marcusmillichap.com

Email

Affordability Calculator

$13,081
Per Month
94%
6%
0%
Monthly Principal & Interest
$12,321
Monthly Property Taxes
$760
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
260072 Elementary School
263420 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/23/2025$1,975,000 -5.05% Price Down
3/17/2025$2,080,000 Listed Price

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7537 N 21st Avenue, Phoenix, AZ, 85021 is a Multi-Family Home for sale at $1,975,000. 7537 N 21st Avenue is a studio with 0.0 baths and was built in 1961. The property's zip code is 85021 which is in Phoenix, AZ