Address
5632 S Montezuma Street Phoenix, AZ
Price
$ 600,000
Property Attributes
  • MLS#6306358
  • TypeBackup
  • CountyMARICOPA
  • CityPhoenix
  • Zip85041
  • Style
  • Year Built1963
  • Taxes$ 857
  • Price$ 600,000
  • Bedrooms8
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage2460
Listing Provided Courtesy Of:
HomeSmart
Data Source:
Arizona Regional MLS (ARMLSN) - 22 - AZ
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..

Elementary School Middle School High School
Roosevelt Elementary School Sunland Elementary School South Mountain High School
Price History
10/13/2021 Listed $640,000
10/20/2021 7% - $600,000

General Features

1 Bedroom Units: Avg Rent 0.00
2 Bedroom Units: Avg Rent 757.00
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
Construction Slump Block
Cooling Central A/C, Electric
Electric SRP
Elementary School Roosevelt Elementary School
Features No Pool
Gas Y/N None
Heating Other, See Remarks
High School South Mountain High School
Map Code/Grid R34
Middle School Sunland Elementary School
Net Income 22471.00
New Financing 1031 Exchange, Conventional
Owner Pays Sewer, Trash Collection, Water
Parking >1 Space Per Unit, Free, Paved Parking, Street Parking
Property Type F
Public Remarks Property must be purchased with adjacent properties at 5640 and 5646 S Montezuma. These Baseline Corridor Four-Plexes, built in 1963-1964
Roof Foam
School District 066 - Roosevelt Elementary District
Sewer Sewer - Public
Status Active
Subdivision N/A
Tenant Pays Electric
Water City Franchise, Irrigation
Year Built 1963
Zoning R-3

Interior Features

2 Bedroom Units: # 2 Bedroom Units 4
2 Bedroom Units: # Baths 1
2 Bedroom Units: Avg Sqft 615
Appliances Included BI Oven/Range, Refrigerator
Floors Ceramic Tile
Total Number of Units 4.00

Exterior Features

Sale Includes Land & Building
Const - Finish Painted
Covered Parking Spcs 0.00
Lot Size Dimensions 11, 326 SF
Total Parking Spcs 4.00

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Backup Average in 85041

Price
AVG $530K
$600K
Taxes
AVG $2,592
$857
Visits
AVG 54
38
Year Built
AVG 1991
1963

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.