5640 S Montezuma Street, Phoenix, AZ 85041

$640,000
List Price
$640,000
Status
ACTIVE
Days on Market
5
MLS#
6306359
City
Phoenix
Year Built
1964

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.

Additional Information

Gross Annual Sch Inc
31282
Other Income
404
Adjusted Gross Inc
30101
Taxes
$946
Annual Other Exp
4775
Operating Exp
5721
Net Operating Income
$22,471
Units
4
Project Type
Four Plex
Construction
Slump Block
Roofing
Foam
Parking
>1 Space Per Unit, Free, Paved Parking, Street Parking
Cooling
Central A/C, Electric
Heating
Other, See Remarks
Floors
Ceramic Tile
Zoning
R-3
Community Amenities
No Pool
Electric
SRP
Gas
None
Water
City Franchise
Sewer
Sewer - Public
Tenant Pays
Electric
New Financing
1031 Exchange, Conventional
Middle School
Sunland Elementary School
High School
South Mountain High School
School District
210 - Phoenix Union High School District

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of HomeSmart.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.