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5640 S Montezuma Street

Phoenix, AZ 85041
  • $640,000
  • STATUS: Active
  • ID#: 6306359
New
$640,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1964
County:
Area:

Description

Property must be purchased with adjacent properties at 5632 and 5646 S Montezuma. These Baseline Corridor Four-Plexes, built in 1963-1964, are single-story buildings with 12 two bedroom/one bath units. Each are on individual parcels with large lots with mature irrigated landscape. In excellent condition, all 12 units were remodeled with tile floors, new cabinets and refurbished baths, new roofs in 2015, new parking lot and almost half of the units have new ACs. This is a great opportunity for an investor to purchase 12 units with residential financing in a high rental demand area. The area offers easy access to multiple employment opportunities, retail, and the light rail will be completed in the next couple of years.

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© 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Long Realty Company. Data last updated 2021-10-17T00:17:50.32.
www.arizonahomesearch.com/homes/122320438
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5640 S Montezuma Street Phoenix, AZ 85041

  • Price: $640,000
  • Status: Active
  • ID#: 6306359
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1964
Built
County:
Maricopa
Area:
Phoenix
Middle School:
Sunland Elementary School
High School:
South Mountain High School
School District:
066 - Roosevelt Elementary District
Property Description
Property must be purchased with adjacent properties at 5632 and 5646 S Montezuma. These Baseline Corridor Four-Plexes, built in 1963-1964, are single-story buildings with 12 two bedroom/one bath units. Each are on individual parcels with large lots with mature irrigated landscape. In excellent condition, all 12 units were remodeled with tile floors, new cabinets and refurbished baths, new roofs in 2015, new parking lot and almost half of the units have new ACs. This is a great opportunity for an investor to purchase 12 units with residential financing in a high rental demand area. The area offers easy access to multiple employment opportunities, retail, and the light rail will be completed in the next couple of years.
Exterior Features

Construction Slump Block Construction Finish Painted Covered Parking Spaces 0.00 Lot Size Dimensions 14810 SF Parking >1 Space Per UnitFreePaved ParkingStreet Parking Roads Dedicated Street Roofing Foam

Interior Features

1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 615 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included Bi Oven/RangeRefrigerator Cooling Central A/CElectric Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Ceramic Tile Heating OtherSee Remarks

Property Features

1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 757.00 2 Bedroom Units 4 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 30101.70 Annual Other Expense 4775.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Community Amenities No Pool Cross Street Central & Southern Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Srp Gas None Gross Annual Sch Inc 31282.00 Hoa YN No Net Operating Income 22471.00 New Financing 1031 ExchangeConventional Operating Exp 5721.00 Other Income 404.00 Owner Pays SewerTrash CollectionWater Project Type Four Plex Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Other (See Remarks) Tax Municipality Phoenix Taxes 946.00 Tenant Pays Electric Vacancy Allowance 0.05 Water City Franchise Zoning R-3

Listing courtesy of Homesmart.


© 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Long Realty Company. Data last updated 2021-10-17T00:17:50.32.
 
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Long Realty Company
4051 E. Sunrise Dr, Suite 101
Tucson AZ, 85718