5646 S MONTEZUMA Street, Phoenix, AZ 85041 | 6306360 | HomeLogic Real Estate LLC

5646 S MONTEZUMA Street $600,000

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    5646 S MONTEZUMA Street Phoenix, AZ 85041

    • 0 Beds
    • 0 Baths
    • MultiFamily
    • MLS# 6306360
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    Views: 4 Days On Site: 11

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    Property Details

    Property must be purchased with adjacent properties at 5632 and 5640 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 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.

    • General Features
      • Community Amenities No Pool
      • County Maricopa
      • Covered Parking Spcs 0.00
      • Cross Street Central & Southern
      • Directions West on Southern to Montezuma. North on Montezuma to Property.
      • Gas None
      • Marketing Name Investor Cash Flow
      • New Financing Conventional
      • Parking >1 Space Per Unit,Free,Paved Parking,Street Parking
      • Project Type Four Plex
      • Roofing Foam
      • Tax Municipality Phoenix
      • Taxes $860
      • Total Units 4.00
      • Year Built 1964
      • Zoning R-3
    • Building Features
      • Construction Slump Block
      • Appliances Included BI Oven/Range,Refrigerator
      • Floors Ceramic Tile
      • Cooling Central A/C
      • Heating Other,See Remarks
    • Room Features
      • # 1 Bedroom Units 0
      • 1 Bedroom Units: Avg Rent 0.00
      • 1 Bedroom Units: Avg SqFt 0
      • 1 Bedroom Units: # Baths 0
      • # 2 Bedroom Units 4
      • 2 Bedroom Units: # Baths 1
      • 2 Bedroom Units: Avg Rent 757.00
      • 2 Bedroom Units: Avg SqFt 615
      • # 3 Bedroom Units 0
      • 3 Bedroom Units: Avg SqFt 0
      • 3 Bedrooms Units: # Baths 0
      • 3 Bedrooms Units: Avg Rent 0.00
      • # 4 Bedroom Units 0
      • 4 Bedrooms Units: # Baths 0
      • 4 Bedrooms Units: Avg Rent 0.00
      • 4 Bedroom Units: Avg SqFt 0
    • Property Features
      • Efficiency Units: # Efficiency Units 0
      • Efficiency Units: # Baths 0
      • Efficiency Units: Avg SqFt 0
      • Efficiency Units: Avg Rent 0.00
      • Legal Info: Township 29
      • Tenant Pays Electric
      • Owner Pays Sewer,Trash Collection,Water
      • Income & Expenses: Net Operating Income 22471.00
      • Income & Expenses: Gross Annual Sch Inc 31282.00
      • Income & Expenses: Adjusted Gross Inc 30101.70
      • Legal Info: Range 3E
      • Legal Info: Lot Number 0
      • Total Parking Space 4.00
      • Electric SRP
      • Sewer Sewer - Public
      • Water City Franchise
    • Schools
      • High School South Mountain High School
      • Middle School Sunland Elementary School
      • School District 210 - Phoenix Union High School District

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    Neighborhood

    85041 (Phoenix) Demographics

    31 Median Age
    3,908 Population Density (per sq. mile)
    24% College Educated
    $54,546 Estimated Median Income
    11,150 Estimated Total Home Owners
    6,183 Estimated Total Renters
    64% / 36% Estimated Owner / Renter Divide
    4 Estimated Average Household Size
    62,152 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $390,888 Median Sales Price
    67 Homes Sold
    76 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $600,000 -6.25%
        10/12/2021 9:11:00 PM New in Database Source: Multiple Listing Service New Value: $640,000

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        **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Copyright 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed. Data last updated 10/23/2021 10:57:17 PM. The ARMLS logo indicates a property listed by a real estate brokerage other than HomeLogic Real Estate LLC.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.