1821 W Hadley Street, Phoenix, AZ 85007

$7,200,000

Property Type: Multiple Dwellings Bedrooms: 72 Baths: 48 Status: Active

Current Price: $7,200,000 Last Modified: 10/18/2026

Overview

Description

Welcome To ''Westline Luxury Residences'' A Community Of Twelve 3-Bed, 2-Bath, 2-Car Garage Homes & 12 Detached 3-Bed, 2-Bath ADUs On 12 Platted Parcels. Estimated 6.89% Projected Cap Rate. $568,800 Projected Annual Base Rent Plus $53,280 In Annual Utility Reimbursements. Two Rental Income Streams Per Parcel W/ Separate Addresses & Entrances. Front Homes W/ 2-Car Garages; Rear Homes W/ Alley Access. Gorgeous Luxury Vinyl Flooring, Granite Counters, Soft-Close Cabinets, All Stainless Appliances, Plus Washer & Dryer. No HOA! Core Phoenix Location Near I-10 & I-17. Delivered Complete. Pro Forma Projections Available, (Not Guaranteed). Bulk Sale: All 12 Parcels Convey Together At $7.2M. Primary APN 112-13-090-J (1821 W Hadley St) Plus Parcels D, E, F, G, H, K, L, M, N, P, Q. Virtual Staging Us

Listing Details MLS# 7094017

Location, Tax & Legal

House Number: 1821
Compass: W
Street Name: Hadley
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85007
Country: US
County Code: Maricopa
Subdivision: NORTH GRIER PLACE
Assessor Number: 112-13-090-J
Tax Year: 2025
Assessor's Map #: 13
Legal Description (Abbrev): NORTH GRIER PL MCR 15-26 LT 4 BLK 3 P/F 20240392453
Assessor's Parcel #: 90
Assessor Parcel Ltr: J
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 114302
Taxes: 508
Legal: NORTH GRIER PL MCR 15-26 LT 4 BLK 3 P/F 20240392453
Marketing Name: Westline Luxury Residence

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: TBD
Year Built: 2026
Uncvrd Parking Spcs: 48
Total # of Units: 24
# of Buildings: 24
Zoning: ADU
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Kenilworth Elementary School
Jr. High School: Magnet Traditional School
High School: Central High School

Remarks Misc

Cross Street: 19th Ave & W Hadley St/Tonto St

Legal Info

Township: 1N
Range: 3E
Section: 7
Lot Number: 4

3 Bedrooms Units

# 3 Bedroom Units: 24
Avg Rent: 2150
Avg SqFt: 1116
# Baths: 2

More Information

Structure

Bedrooms Total: 72
Bathrooms Total: 48

Income Expenses

Gross Annual Sch Inc: 568800
Net Operating Income: 600480

Showing Notification Methods

Showing Service: Aligned Showings

Project Type

13 - 24 Units: Yes
Other (See Remarks): Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

2 Bedroom Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Other Type

Packaged Offering: Yes
Other (See Remarks): Yes

Construction

Wood Frame: Yes
Brick: Yes

Const - Finish

Wood Siding: Yes
Painted: Yes

Construction Status

Under Construction: Yes

Roofing

Composition: Yes

Floors

Vinyl: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 508
Other Income: 53280
Vacancy Allowance: 0.02
Adjusted Gross Inc: 609638.4
Total Monthly Rental Income: 47400

Pmt & Rate Info

Cap Rate: 8.34
Equity: 7200000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

Combo: Yes

Community Features

No Pool: Yes

Heating

Forced Air: Yes
Electric: Yes

Cooling

Central Air: Yes
Electric: Yes

Exterior Amenities

Fenced: Yes
Partially Fenced: Yes

Interior Features

Unfurnished: Yes
Fire/Smoke Alarm(s): Yes
Fire Sprinklers: Yes
Mini Blinds: Yes
Other (See Remarks): Yes

Tenant Pays

Water: Yes
Electricity: Yes
Trash Collection: Yes
Cable TV: Yes

Appliances Included

Built-In Electric Oven: Yes
Dishwasher: Yes
Disposal: Yes
Microwave: Yes
Refrigerator: Yes
Washer/Dryer: Yes
Other: Yes

Road Access Type

Alley: Yes
City Street: Yes

Road Surface Type

Concrete: Yes

Source of Fincl Data

Projected Proforma: Yes

Water Source

City Franchise: Yes

Sewer

Septic-In & Connected: Yes

Parking Features

Garage: Yes
Garage Door Opener: Yes
Add'l Parking Avail: Yes
Attached Garage: Yes
See Remarks: Yes

Electric

APS: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Trash Collection: Yes
See Remarks: Yes

New Financing

Cash: Yes
Conventional: Yes
1031 Exchange: Yes

Reports/Disclosures

Other (See Remarks): Yes

Environmental

Other (See Remarks): Yes

Property Features

Project Type: 13 - 24 Units; Other (See Remarks) Other Type: Packaged Offering; Other (See Remarks) Construction: Wood Frame; Brick Const - Finish: Wood Siding; Painted Construction Status: Under Construction Roofing: Composition Floors: Vinyl Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Fenced; Partially Fenced Interior Features: Unfurnished; Fire/Smoke Alarm(s); Fire Sprinklers; Mini Blinds; Other (See Remarks) Appliances Included: Built-In Electric Oven; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; Other Heating: Forced Air Cooling: Electric; Central Air Water Source: City Franchise Sewer: Septic-In & Connected Electric: APS Gas: None Parking Features: Garage; Garage Door Opener; Add'l Parking Avail; Attached Garage; See Remarks Road Access Type: Alley; City Street Road Surface Type: Concrete Owner Pays: Water; Trash Collection; See Remarks Tenant Pays: Water; Electricity; Trash Collection; Cable TV Source of Fincl Data: Projected Proforma Lockbox Type: Combo New Financing: Cash; Conventional; 1031 Exchange Environmental: Other (See Remarks)

Listing Office: RE/MAX Fine Properties

Office Phone: 480-792-9500

Office Email: gremmers@fineprop.com

Last Updated: October - 18 - 2026