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Listing Courtesy Of: ABI Multifamily, Mitchell Drake

Local Realty Services Provided By: Keller Williams Realty Sonoran Living

Overview

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$2,050,000

5640 S MONTEZUMA Street, Phoenix, AZ 85041

$2,050,000

5640 S MONTEZUMA Street, Phoenix, AZ 85041

Estimation provided by Keller Williams Realty Inc.

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For Sale

Property Description

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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

Property Details

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Overview

Property Type

Multiple Dwellings

Year Built

1964

Days on Site

11 Days

HVAC

Individual, Electric

Parking

21 Parking Spaces

Kaileigh Hall at Keller Williams Sonoran Living - Phoenix

Kaileigh Hall

Keller Williams Sonoran Living - Phoenix

SA714422000

(480) 862-3189

(480) 759-4300

KaileighJayne@gmail.com

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Activity History

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SAVES

Data provided by Keller Williams Realty, Inc.

Upcoming Open Houses

No open houses are currently scheduled for this property. Don't worry - you can always schedule a tour, or get additional help from your agent.

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Purchase Price: $2,050,000

Principal + Interest

(0%)

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(0%)

Home Insurance

(0%)

HOA/Condo Fee

(0%)

Mortgage Insurance

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Purchase price has been changed to something other than the currently listed price.

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Price & Tax History

Date

Event

Price

03/11/2025

Listed

$2,050,000

(+20.59%)

12/20/2021

Sold

$1,700,000

(+855.06%)

09/10/2015

Sold

$178,000

(-64.86%)

01/27/2015

Sold

$506,500

(+322.08%)

06/05/2012

Sold

$120,000

(-37.5%)

06/10/2011

Sold

$192,000

(+326.67%)

06/02/2009

Sold

$45,000

(-63.21%)

11/11/2008

Sold

$122,320

(-47.95%)

04/28/2005

Sold

$235,000

Year

Property Tax

Assessed Value

Assessed Value is a combination of the land and additions.

2023

$945.8

(+2.04%)

$46,910

Land 4,150 + Additions 16,620

2022

$926.86

(-2%)

$35,420

Land 7,080 + Additions 28,340

2021

$945.82

(+4.64%)

$20,770

Land 4,150 + Additions 16,620

2019

$903.86

(+2.77%)

$16,030

Land 3,200 + Additions 12,830

2018

$879.5

(+4.91%)

$11,680

Land 2,330 + Additions 9,350

2017

$838.32

$10,830

Land 2,160 + Additions 8,670

The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.