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26330241
26330251

1106-1110 S Montezuma Ave, Phoenix, AZ 85003

BS
SA692958000 (AZ)
Matthews
KI
AZ SA691658000
Matthews
Listed by Matthews
$1,200,000
295 days on market
Updated 69 days ago
Opportunity zone

Montezuma Duplexes

Details
APN 112-17-164, 112-17-163
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,200
Net Rentable (SqFt) 2,200
Units 4
Cap Rate 4.80%
NOI $28,983
Occupancy 75%
Broker Co-Op Yes
Class A
Year Built 2021
Buildings 2
Stories 2
Lot Size (SqFt) 13,000
Zoning R-5

2 Duplexes | 2021 Construction | $600k Each | Available Individually

Marketing description

Matthews Real Estate Investment Services™ is pleased to present the listing for 1106 & 1110 S Montezuma, two separately parceled duplexes located in the Central City submarket of Phoenix, Arizona. Built in 2021, the asset consists of (4) 2-bedroom, 1-bathroom units, each with 2 car garages. Each unit averages 550 square feet (excluding garages), totaling approximately 2,200 square feet of net rentable space. Tenants are responsible for their own utilities. The duplex are next door to one another. One or both duplexes can be purchased with residential financing. This is a turnkey investment with an attractive vintage. Strategically located just minutes from Downtown Phoenix, the Phoenix Airport, and key employment hubs, this property benefits from the strong rental demands in the area. This asset is ideal for investors seeking a new construction opportunity in one of the fastest-growing metropolitan areas of the U.S. Each property can be sold individually or all together.

Investment highlights

● (4) 2 Units, Built in 2021

● Unit Mix: (4) 2x1

● Average Unit Size: 550 sq ft

● (4) 2 Car Garages

● Central City Submarket

Listing Contacts

BS
SA692958000 (AZ)
Matthews
KI
AZ SA691658000
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$28,983.00
$2,415.25/mo

Valuation Metrics

0
DSCR
2.42%
Cap Rate
2.42%
ROI

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Additional Information

Name
David Harrington
License
BR715518000, CO701910000 (AZ)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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