7201 N 21ST Avenue, Phoenix, AZ 85021, Phoenix, 85021 - 3 bed, 2 bath
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Phoenix, AZ 85021
This property presents a Prime Investment Opportunity with a List Price of $365,000—positioned well below the $378,277 Fair Market Value by 3%. This valuation gap offers $13,277 in Instant Equity. Featuring a Condition Rating of 3 with recent interior renovations, the asset provides immediate cash flow via existing tenants through 2027. With a 9,204 sqft lot and No HOA Fees, this is a stable, low-maintenance acquisition ideal for Buy-and-Hold Investors or Portfolio Managers seeking immediate rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7201 N 21ST Avenue Subject | $365,000* List Price | 3 | 2 | 1,593 | $236 | - |
A 1735 W NORTHVIEW Avenue Sold | $350,000 List Price | 3 | 2 | 1,694 | 0.4 mi | |
B 7216 N 17TH Avenue Sold | $315,000 List Price | 3 | 2 | 1,298 | 0.5 mi | |
C 7501 N 18TH Avenue Sold | $364,900 List Price | 3 | 2 | 1,536 | 0.4 mi | |
D 1937 W NORTHVIEW Avenue Sold | $405,000 List Price | 3 | 2 | 1,931 | 0.1 mi | |
E 7055 N 24TH Avenue Sold | $368,000 | 4 | 2 | 1,802 | $204 | 0.4 mi |
F 1529 W Glenn Drive Sold | $299,500 List Price | 3 | 2 | 1,651 | 0.7 mi | |
G 7139 N 23RD Drive Active Under Contract | $380,000 List Price | 3 | 3 | 1,504 | $253 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1960, the interior shows evidence of a 5-15 year old renovation with updated laminate wood flooring, modern light fixtures, and plantation shutters. The property is currently tenant-occupied and appears well-maintained and move-in ready, suggesting functional systems.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9204, living area = 1593.
The property is currently occupied by tenants paying $2,000 per month through April 2027, providing a stable and guaranteed income stream for investors from day one.
With zero association fees, the property offers lower monthly carrying costs, which maximizes the net operating income and overall return on investment.
The 'Investors Only' requirement and the long-term lease through 2027 exclude traditional owner-occupant buyers, significantly narrowing the market to a specific niche.
The explicit rejection of creative financing and low-ball offers limits negotiation flexibility, which may deter some buyers and impact the speed of the sale.
INVESTORS ONLY!Are you looking for a unit to bring rental income? Then this is the one for you! Current tenants $2,000/month through Apr/2027. Low ball offers or offers asking for creative financing will be ignored. Thank you for understanding.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,593 | - |
| Lot Size | 9,204 | - |
| Price | $365.0K | $495.4K |
| Price per sq ft | $229 | $290 |
| Built year | 1960 | 0 |
| HOA | $0 | $0 |
| Days on market | 67 | 1260 |
May 17, 2026
$365,000
Initial Listing