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2103 W Morten Avenue,  Phoenix AZ, 85021

(Active)
$2,000,000
|
|
MLS# 6678858
Last Updated: 5/17/2024 12:59 AM
Description for 2103 W Morten Avenue Phoenix, AZ 85021
Located just south of the 21st Avenue and Northern Avenueintersection, Morten Avenue (''the property'') has the extremeadvantage of Grand Canyon University being less than four milesaway. The property is also primely positioned for immediate accessto some of The Valley's major transportation arteries. The Interstate17 (I-17) ,as well as access to the Valley Metro Light Rail are bothless than half a mile away, providing effortless transportation andreasonable commute times to destinations all across the Phoenixmetro. Ample employment opportunities are found through thenearby I-17 Employment Corridor, boasting more than 43,000employees across 1,200 businesses. Additionally, the property sits between Chirstown Spectrum Mall - an iconic Phoenix retail center featuring Harkins Theaters, Walmart, and Target - and Metrocenter Mall, which is currently undergoing a $1 Billion redevelopment.Developed in 1982, Morten Avenue is a 9-unit multifamily community with a diverse unit mix featuring studio (22%), one-bedroom (33%), and two-bedroom (45%) floorplans averaging 556 square feet. Future ownership will have the opportunity to capitalize on below market rents already proven in the immediate area.
Price
$2,000,000
Maricopa
6678858
Active
Description
Located just south of the 21st Avenue and Northern Avenueintersection, Morten Avenue (''the property'') has the extremeadvantage of Grand Canyon University being less than four milesaway. The property is also primely positioned for immediate accessto some of The Valley's major transportation arteries. The Interstate17 (I-17) ,as well as access to the Valley Metro Light Rail are bothless than half a mile away, providing effortless transportation andreasonable commute times to destinations all across the Phoenixmetro. Ample employment opportunities are found through thenearby I-17 Employment Corridor, boasting more than 43,000employees across 1,200 businesses. Additionally, the property sits between Chirstown Spectrum Mall - an iconic Phoenix retail center featuring Harkins Theaters, Walmart, and Target - and Metrocenter Mall, which is currently undergoing a $1 Billion redevelopment.Developed in 1982, Morten Avenue is a 9-unit multifamily community with a diverse unit mix featuring studio (22%), one-bedroom (33%), and two-bedroom (45%) floorplans averaging 556 square feet. Future ownership will have the opportunity to capitalize on below market rents already proven in the immediate area.
Listing Information
Property Type: Multi-Family, Other
1982 Stucco
Public Sewer
Neighborhood
Room Information
Interior Features
Microwave
Vinyl, Carpet
Central Air, Electric, Ceiling Fan(s)
Electric Heating, Ceiling
Exterior / Lot Features
8 Parking Spaces, On Street
Stucco
Composition
0.42
R-3
Financial Considerations
157-22-039
$2,490
Conventional, 1031 Exchange
Listing Price History

Phoenix Real Estate

Phoenix is located in Arizona. Phoenix, Arizona 85021 has a population of 1,629,970.

The median household income in Phoenix, Arizona 85021 is $49,537. The median household income for the surrounding county is $68,280 compared to the national median of $66,222. The median age of people living in Phoenix 85021 is 37 years.

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Courtesy: Marcus & Millichap

Information deemed reliable but not guaranteed. Copyright 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
The ARMLS logo indicates a property listed by a real estate brokerage other than this broker.
This content last refreshed on 5/17/2024 12:59 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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