9238 N 7TH Avenue Phoenix, AZ 85021




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Key Details

Property Type: Multi-Family

Year Built: 1949

Purchase Type: For Sale

Listing Status: Active

MLS Listing ID: 5973194

Price per Sqft: $357

Financing: Conventional

Subdivision: Foothill Acres Lots 33-48, 58-59

Property Description

Another HUGE price reduction! Step-in 8% CAP Rate in Central Corridor Phoenix!!Shangri-la is a high performing investment opportunity with immediate value-add upside. Buyer can through additional renovation and potentially build more units.Shangri-la sits just over half a mile away from HonorHealth John C. Lincoln Medical Center, a 266-bed, full service hospital and all the retail shops which support it. Just steps from Shangri-la are the Grand Canal and the North Mountain & Shaw Butte Trailheads, which provide miles of hiking and biking trails.Shangri-la is a delightful community, tastefully renovated in the heart of major employment and situated for the active lifestyle tenant.


State: AZ

County: Maricopa

Community: Foothill Acres Lots 33-48, 58-59

Zoning: C-2

Direction: Property is just south of Hatcher on the West side of 7th Avenue.

Multi-Unit Info

Total Units: 8

1 Bedroom Units: 1

2 Bedroom Units: 1

3+ Bedroom Units: 1


Heating: 2 or More Units,Electric,Gas,Heat Pump,Individual,Window/Wall Unit(s),Ceiling Fan(s)

Cooling: Evaporative,2 or More Units,Window/Wall Unit,Heat Pump

Flooring: Other (See Remarks),Vinyl/Composition

Inclusions: Laundry Equipment

Equipment: F/S Oven/Range,Refrigerator,Microwave,Washer/Dryer


Exterior Feature: Landscape Wtr System,Desert Landscaping,Partially Fenced

Garage: Carport,>1 Space Per Unit

Garage Spaces: 18.0

Community Features: No Pool

Amenities Available: Landscape Wtr System,Desert Landscaping,Partially Fenced

Roof Type: Comp Shingle


Sewer: Sewer - Public

Water: City Franchise


Elementary Schools: Royal Palm Middle School,Mountain View Elementary School

Middle Schools: Royal Palm Middle School,Mountain View Elementary School

High Schools: Sunnyslope High School

School District: Elem School Dist:006 - Washington Elementary District; High School Dist:205 - Glendale Union High School District


Tax Amount: $1,837

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Listing Provided By Zackarie Mishkin of Orion Investment Real Estate

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Nearby School & Properties

School data provided by GreatSchools for your convenience. Please contact schools directly for enrollment eligibility.

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    John Doering My Home Group
    John Doering

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