1609-1611 W Monterosa St

6 Unit Apartment Building | $1,500,000 ($250,000/Unit) | 5% Cap Rate | Phoenix, AZ 85015

Date Added:
May 17, 2024
Days on Market:
28 days

Asking Price $1,500,000

Property Type
Multifamily
Square Feet
4,352 SF

Listing Contacts

Tom Palestina
Tom Palestina
Verified Profile
  • Property Info

Property Overview

Assumable Financing: 3.5% Fixed Interest Rate, $1M Loan Amount, 5-Year Term Matures May 2027.

Property Details

Class
C
Year Built/Renovated
1954/2022
Stories
1
Lot Size (sq. ft)
8,712 SF
Units
6

Highlights

  • *Assumable Financing: 3.5% Fixed Interest Rate, $1M Loan Amount, 5-Year Term Matures May 2027
  • * 6 Units, Garden-Style Property Built in 1955, Renovated in 2022
  • 4) Large 1-Bed / 1-Bath & (2) Large 2-Bed / 1-Bath Units
  • Fully Upgraded Interior Which Includes New Quartz Countertops, Vinyl-Plank Flooring, New Cabinetry, Stainless Steel Appliances,in-Suite Washer & Dryer
  • *Exterior Upgrades Include New Windows, New Fencing With Private Front & Back Patios, New Paint, & Desert Landscaping
  • Located Within the BelAir Neighborhood, Less Than One Mile From the Melrose District Along 7th Avenue

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