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5632-5646 S Montezuma St
Phoenix, AZ 85041
Multifamily Property For Sale
·
12 Units
INVESTMENT HIGHLIGHTS
- 12 Units, Block Construction, Built in 1963
- Attractive Assumable $1.2M Loan With 3.31% Rate
- (7) Units with In-Unit W/D, On-Site Laundry Facility
- 100% 2-Bedroom / 1-Bathroom Units
- Light Value-Add Opportunity
- Individually Metered for Electricity
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
| Price Per Unit | $226,837 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.86 AC |
| Cap Rate | 5.83% | Building Size | 7,384 SF |
| No. Units | 12 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1963/2024 |
| Apartment Style | Garden | Parking Ratio | 2.7/1,000 SF |
| Zoning | R-3, Phoenix - R-3 (low density) | ||
| Price Per Unit | $226,837 CAD |
| Sale Type | Investment |
| Cap Rate | 5.83% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.86 AC |
| Building Size | 7,384 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1963/2024 |
| Parking Ratio | 2.7/1,000 SF |
| Zoning | R-3, Phoenix - R-3 (low density) |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
- Kitchen
- Refrigerator
- Oven
- Double Pane Windows
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 12 | $1,640 CAD | 648 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $26,191 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$26,191 CAD
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