7537 N 21st Avenue, Phoenix, AZ 85021 (MLS# 6836611)

7537 N 21st Avenue, Phoenix, AZ 85021

$1,975,000
Property Type: Multiple Dwellings Status: Active
Current Price: $1,975,000 Last Modified: 6/23/2025

Description

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,

Supplements: 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.

More Information MLS# 6836611

Contract Info

Current Price: $1,975,000 List Price: $1,975,000 Status: Active List Date: 2025-03-17 Ownership: Fee Simple

Location Tax Legal

House Number: 7537 Compass: N Street Name: 21st St Suffix: Avenue City/Town Code: Phoenix State/Province: AZ Zip Code: 85021 County Code: Maricopa Assessor Number: 157-19-009-J Tax Year: 2025

General Property Description

Lot Size Dimensions: 0.87 Year Built: 1961 Total # of Units: 11 # of Buildings: 6 Zoning: R-3

Remarks Misc

Geo Lat: 33.547264 Geo Lon: -112.103459

Legal Info

Lot Number: 23

Income Expenses

Gross Annual Sch Inc: 201774 Net Operating Income: 142704

Showing Notification Methods

Showing Service: Aligned Showings

1 Bedroom Units

# 1 Bedroom Units: 4 Avg SqFt: 763 # Baths: 4

2 Bedroom Units

# 2 Bedroom Units: 7 Avg SqFt: 914 # Baths: 8

Property Features

Project Type: 5 - 12 Units Construction: Block; Wood Frame Const - Finish: Painted; Stucco Roofing: Foam Floors: Vinyl; Ceramic Tile; Carpet Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping Appliances Included: Free-Standing Electric Oven; Refrigerator; Dishwasher; Washer/Dryer Heating: Individual Cooling: Ceiling Fan(s); Individual Water Source: City Franchise Sewer: Sewer - Public Electric: SRP; Individual Meter Gas: SW Gas Parking Features: Carport; >1 Space Per Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity Source of Fincl Data: Owner Lockbox Type: None New Financing: Cash; Conventional; 1031 Exchange Environmental: None
Listing Office: Marcus & Millichap
Last Updated: June - 23 - 2025
7537 N 21st Avenue, Phoenix, AZ 85021- MLS# 6836611
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