5640 S MONTEZUMA Street new

Phoenix,AZ 85041

$ 2050000

- Bed

0 Bath

- SqFt


Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 6835710

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 1964

Annual Tax Amount $2,662

Tax Year 2024

Lot Dimensions 37,462

Property Description

Montezuma is a 12-unit apartment community in Phoenix, offering two-bedroom / one-bathroom units. Built in 1963 and renovated in 2024, it still holds value-add potential for further upgrades. A total of (7) units have in-unit washer / dryer. Out of those units (5) have been fully renovated.
A major advantage is the assumable sub $1.2M Freddie Mac loan at 3.31%, ensuring strong cash flow and stability in a high-interest rate environment.
Just 10 minutes from Sky Harbor Airport, the property benefits from high tenant demand, job growth, and excellent connectivity. With stable income and growth potential, Montezuma is a prime investment in Phoenix's booming rental market.
All units are occupied. We cannot allow tours to the interior of any unit

Location

State AZ

County Maricopa

Zoning R-3

Interior

Heating Individual,Electric

Cooling Electric,Individual

Flooring Vinyl

Appliance Refrigerator,Built-In Electric Oven,Washer/Dryer,W/D Hookup

Exterior

Parking Features 1 Space/Unit

Community Features No Pool

Roof Type Composition

Total Parking Spaces 21

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

School District Phoenix Union High School District

Others

Senior Community No

Tax ID 113-39-015-C

Acceptable Financing Other (See Remarks),Conventional

Listing Terms Other (See Remarks),Conventional

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