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5632 S Montezuma Street

Phoenix, AZ 85041
  • $600,000
  • STATUS: Active
  • ON SITE: 12 Days
  • MLS #: 6306358
Price Reduced
UPDATED: 28 min ago
$600,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
N/A
Type:
Multi-Family
Built:
1963
County:
Area:

Description

Property must be purchased with adjacent properties at 5640 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, newly painted exterior, all 12 units were remodeled with tile floors, new cabinets and refurbished baths, new roofs in 2015 and almost half of the AC units have been replaced within the past 5 years, PLUS $19,000 new parking lot. 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 few 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 Elite Home Advisors | Keller Williams Realty Phoenix. Data last updated 2021-10-26T11:14:26.203.
www.yournextphoenixhome.com/homes/122320437
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5632 S Montezuma Street Phoenix, AZ 85041

  • Price: $600,000
  • Status: Active
  • Updated: 28 min ago
  • MLS #: 6306358
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1963
Built
Neighborhood:
N/A
County:
Maricopa
Area:
Phoenix
Elementary School:
Roosevelt Elementary School
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 5640 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, newly painted exterior, all 12 units were remodeled with tile floors, new cabinets and refurbished baths, new roofs in 2015 and almost half of the AC units have been replaced within the past 5 years, PLUS $19,000 new parking lot. 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 few years..
Exterior Features

Construction Slump Block Construction Finish Painted Covered Parking Spaces 0.00 Lot Size Dimensions 11326 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 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 5632.00 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 Maricopa - County Taxes 857.00 Tenant Pays Electric Vacancy Allowance 0.05 Water City FranchiseIrrigation 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 Elite Home Advisors | Keller Williams Realty Phoenix. Data last updated 2021-10-26T11:14:26.203.
 
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Elite Home Advisors | Keller Williams Realty Phoenix
4862 E. Baseline Rd.
Mesa AZ, 85206