Properties
Phoenix, AZ 85013 220 W Monterosa Street
$1,750,000
27 more
Presented By: Coldwell Banker Realty; 602-954-6888
Garage • 1
Home Details
OFFERED WITH RARE ASSUMABLE INSTITUTIONAL FINANCING at 4.875% -$1.323M IN-PLACE DEBT THIS DUPLEX IN MIDTOWN PHOENIX PRESENTS A COMPELLING OPPORTUNITY TO ACQUIRE A STABILIZED MULTIFAMILY WITH BELOW -MARKET DEBT. The sale consists of 2 mirrored 2603 sq,ft. units, with one loan and a single APN #. The homes feature Identical 3 level 4 bed, 3,5 baths layouts w loft and entertainer's dream roof deck with views. Roof deck has detached casita that can serve as 4 bedroom/office. Proximity to light rail, medical centers, hospitals University campus and business hubs provide high tenant demand as do flexible short term /long term rental strategies. IDEAL FOR INVESTORS,OWNER OCCUPANTS, OR 1031 EXCHANGE BUYERS SEEKING RATE CERTAINTY,IMPROVED CASH FLOW & LONG- TERM FINANCING FLEXIBILITY
Presented By: Coldwell Banker Realty; 602-954-6888
Interior Features for 220 W Monterosa Street
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringCeramic Tile, Wood
Heating Y/NYes
Interior AmenitiesWet Bar
General for 220 W Monterosa Street
Additional Parcels Y/NNo
Attached Garage No
Cap Rate5.56
Carport Y/NNo
CityPhoenix
Community FeaturesNo Pool
Construction MaterialsLap Siding, Wood Frame, Siding, Stucco
CoolingCentral Air, Ceiling Fan(s)
CountyMaricopa
DirectionsSOUTH ON CENTRAL TO MONTEROSA ST..WEST TO HOMES ON THE RIGHT
DisclosuresNone
ElectricAPS
Electric Expense1440.0
Elementary SchoolLongview Elementary School
Elementary School DistrictOsborn Elementary District
Fuel Expense960.0
Garage Y/NYes
Gross Income124596.0
HeatingElectric
High SchoolCentral High School
High School DistrictPhoenix Union High School District
Insurance Expense1392.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
Middle/Junior High SchoolOsborn Middle School
MobileHomeRemainsYNNo
Net Operating Income97301.0
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
Number Of Units Total2
Occupancy TypeTenant
Open Parking Spaces2.0
Operating Expense17696.0
OwnerPaysTrash Collection, Landscaping
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofTile, Built-Up
Security FeaturesSecurity Light(s), Security Alarm(s)
Senior CommunityN
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameCASA DE ALEGRIA
Tax Annual Amount11484.0
Tax Lot1
Tax Year2025
Township2N
Water Sewer Expense1220.0
Year Built2022
ZoningR-4
Exterior for 220 W Monterosa Street
Covered Spaces2.0
Crops Included Y/NNo
Exterior AmenitiesSidewalk(s)
Irrigation Water Rights Y/NNo
Lot Dimensions6422
Number of Buildings1
Parking FeaturesAttached Garage, Garage Door Opener
Road Surface TypeAsphalt
SpaNo
Total Parking4.0
Water SourceCity Franchise
Additional Details
Price History
Schools
Middle School
Osborn Middle School
High School
Central High School
Elementary School
Longview Elementary School
