7537 North 21st Avenue Phoenix, AZ 85021
Eleven-unit apartment community near revitalizing Metrocenter Mall.
Type:Multiple Dwellings
Property size:
859 SF- Added:
- Jul 18, 2024
- Days on Market:
- 645
- Last Refresh:
- Mar 13 at 3:37 pm
Property Features for 7537 North 21st Avenue
General Information
- Standard status
- Active
- Size
- 859 SF
- Property subtype
- Multiple Dwellings
Building Details
- Year Built
- 1961
Listing agent Christopher Paul Bay License #SA671037000 (602) 320-8126
Listing office Marcus & Millichap (602) 320-8126
Listing date Jul 18, 2024
Source Compass
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All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap
Overview
Phoenix Multifamily Investment Opportunity
Rose Vista is an 11-unit apartment community located east of the I-17 Freeway, north of Central Phoenix's employment corridor, and south of the 19th Avenue and Northern Avenue intersection. It is situated in a residential neighborhood near the North Mountain Preserve. The property is located near the city-endorsed North Mountain Redevelopment Area, which is undergoing gentrification efforts with a current capital investment of $179M. This area aims to improve the region through property advancement, infrastructure expansion, and job creation, led by the revitalization of the Metrocenter Mall. The I-17 Employment Corridor, with over 43,000 employees across approximately 1,200 businesses, including employers like BlueCross BlueShield, Wells Fargo, and Waste Management, provides ample employment opportunities. Constructed in 1961 and 2011, Rose Vista features 4 one-bedroom (36%) and 7 two-bedroom (64%) floorplans, averaging approximately 859 square feet. All units include direct access car-ports, private back patios and in-suite (2011 Built) or back-patio washer/ dryers. There is an opportunity to renovate the 9 classic units and capitalize on rent premiums based on the current market and achieved rents by similar properties in the area.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.1037162
- Latitude
- 33.5471812
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Eleven-unit apartment community near revitalizing Metrocenter Mall.
Where is this apartment building located?
The property is located at 7537 North 21st Avenue Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: Located in a gentrifying area near the North Mountain Redevelopment Area with $179M capital investment.; Proximity to the I‑17 Employment Corridor with over 43,000 employees and 1,200 businesses.; Mix of one and two‑bedroom units averaging ±859 square feet.
