$566,666
$600,000
5.6%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 12/21/2021
Key Details
Sold Price $566,666
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 6306359
Sold Date 12/21/21
Year Built 1964
Annual Tax Amount $946
Tax Year 2021
Lot Dimensions 14,810 SF
Source Arizona Regional Multiple Listing Service (ARMLS)
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.
Location
State AZ
County Maricopa
Zoning R-3
Direction West on Southern to Montezuma. North on Montezuma to Property.
Interior
Heating Other, See Remarks
Cooling Central Air, Electric
Flooring Ceramic Tile
Appliance Built-In Range, Refrigerator
Exterior
Parking Features Paved, Free, >1 Space Per Unit, On Street
Community Features No Pool
Roof Type Foam
Total Parking Spaces 4
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
Middle Schools Sunland Elementary School
High Schools South Mountain High School
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 113-39-015-C
Acceptable Financing Conventional, 1031 Exchange
Listing Terms Conventional, 1031 Exchange
Financing Other
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Bought with Realty Executives Arizona Territory
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "