7537 N 21st Avenue, Phoenix, AZ

$1,975,000

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About 7537 N 21st Avenue

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.

Features of 7537 N 21st Avenue

MLS® # 6836611
Price $1,975,000
Acres 0.00
Year Built 1961
Type Multiple Dwellings
Status Active

Community Information

Address 7537 N 21st Avenue
City Phoenix
County Maricopa
State AZ
Zip Code 85021

Amenities

Amenities / Community Features No Pool
Parking Spaces 15
Parking >1 Space Per Unit, Carport
Is Waterfront No
Has Pool No

Interior

Appliances Dishwasher, Refrigerator, Free-Standing Electric Oven, Washer/Dryer
Heating Individual
Cooling Ceiling Fan(s), Individual
Fireplace No

Exterior

Roof Foam
Construction Wood Frame, Painted, Stucco, Block

Additional Information

Zoning R-3
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeMarcus & Millichap

Listing Map

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