Listing Details:
Listing ID: 6835710
Updated: 3/17/2025 10:45am
| Status | Active/For Sale |
| Days On Market | 80 |
| Taxes | $2,662.00 |
| HOA | $0.00/******** |
| Type | N/A |
| Open Parking | 21 |
| Year Built | 1964 |
| Lot Size | 0.00 |
| County | Maricopa |
| Listed By | ABI Multifamily |
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
Property Location:
Listed By: ABI Multifamily | Mitchell Drake 602-714-1289 | Dallin J Hammond 602-714-1794
Source: ARMLS
All information should be verified by the recipient, and none is guaranteed as accurate by ARMLS.
