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2103 W Morten Avenue, Phoenix, AZ 85021
$2,000,000
2103 W Morten Avenue, Phoenix, AZ 85021View this property at 2103 W Morten Avenue, Phoenix, AZ 85021
2103 W Morten AvenuePhoenixAZ85021
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Property Description
Located just south of the 21st Avenue and Northern Avenue intersection, Morten Avenue (''the property'') has the extreme advantage of Grand Canyon University being less than four miles away. The property is also primely positioned for immediate access to some of The Valley's major transportation arteries. The Interstate 17 (I-17) ,as well as access to the Valley Metro Light Rail are both less than half a mile away, providing effortless transportation and reasonable commute times to destinations all across the Phoenix metro. Ample employment opportunities are found through the nearby I-17 Employment Corridor, boasting more than 43,000 employees 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.
Full Property Details
Full Property Details for 2103 W Morten Ave
General
- Price: $2,000,000
- HOA FEE: $5,400
- Taxes: $2,490 (2024)
- Status: Active
- Type: Multi-Family
- MLS ID: 6678858
- Updated: 3/18/2024
- Added to Site: 63 day(s) ago
Interior
- Flooring: Carpet, Vinyl
Parking
- Total Spaces: 8
- Parking Features: 1 Space/Unit, Street Parking
Location
- County: Maricopa
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Individual, Electric, Ceiling Fan(s)
- Heating Type: Individual, Electric, Ceiling
Utilities
- Sewer: Public Sewer
- Water: City Franchise
Structural Information
- # Buildings: 3
- Exterior Const.: Painted, Stucco, Frame - Wood
- Roof: Composition
- Year Built: 1982
Unit Information
- Vacancy %: .06
Lot Features
- Lot Dimensions: .42
- Frontage: Asphalt
- Zoning: R-3
Financial Considerations
- Maint. Fee/Month: $5,400
- Tax Amount: $2,490
- Tax Year: 2024
- Terms: Conventional, 1031 Exchange
- Owner Pays: Water, Sewer
- Tenant Pays: Electricity
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Buyer/Broker Compensation Available: Yes
- Property ID: 157-22-039
- Lot Number: 116
Listed by Marcus & Millichap
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Schools
Schools serving 2103 W Morten Ave
School Districts:Washington Elementary School District, Glendale Union High School District
Rating | Name | Grades | Distance |
---|---|---|---|
7337 N 19th Ave, Phoenix, AZ 85021 | K-8 | 0.5 mi | |
2217 W Glendale Ave, Phoenix, AZ 85021 | 9-12 | 0.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2103 W Morten Ave
Date
Details
Price
Change
Source
3/18/2024
Listed
$2,000,000
77.78%
MLS
8/30/2021
Sold
$1,125,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2103 W Morten Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,371
3%
$99,160
26%
2022
$2,294
—
$78,430
48%
2022
$2,294
-1%
$53,170
8%
2021
$2,323
3%
$49,300
3%
2020
$2,265
2%
$47,780
26%
2019
$2,224
3%
$37,850
18%
2018
$2,166
1%
$32,160
9%
2017
$2,155
2%
$29,570
8%
2016
$2,116
8%
$27,400
25%
2015
$1,959
-12%
$21,930
22%
2014
$2,215
44%
$17,950
91%
2013
$1,537
—
$9,410
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2103 W Morten Ave
2103 W Morten Avenue, Phoenix, AZ 85021 (MLS# 6678858) is a Multi-Family property with 9 units containing 0 bedrooms and 0 full bathrooms. 2103 W Morten Avenue is currently listed for $2,000,000 and was received on March 18, 2024. Want to learn more about 2103 W Morten Avenue? Do you have questions about finding other Multi-Family real estate for sale in Alhambra? You can browse all Alhambra real estate or contact a Coldwell Banker agent to request more information.