$2,250,000
Phoenix, AZ 85014
MLS# 6977076
1 / 22
Property Description
Turnkey 7-unit multifamily investment in a prime central Phoenix location. Built in 1958 and fully renovated in 2022, featuring six 1-bed/1-bath units and one 3-bed/2-bath unit. Capital improvements include new roof (2024), privacy fence (2023), new hot water heaters, plumbed utility room, and updated landscaping with upgraded irrigation/timers. Units offer in-unit washer/dryers and are individually metered for electric and gas. Ample parking on site. Option to purchase adjacent parcel, currently used for parking, zoned R-3 with potential for 3 additional units. Walkable to 7th St Restaurant Row and Uptown Plaza.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $2,250,000
List Price: $2,250,000
Status: Active
List Date: 2026-01-30
Location, Tax & Legal
Building Number: 3
Assessor's Map #: 6
Legal Description (Abbrev): MONTGOMERY ACRES MCR 29-17 W 50F OF E 100F OF LOTS 3 & 4 BLOCK 1
Assessor's Parcel #: 22
Assessor Parcel Ltr: C
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 107601
Taxes: 3431
Legal: MONTGOMERY ACRES MCR 29-17 W 50F OF E 100F OF LOTS 3 & 4 BLOCK 1
Marketing Name: Montebello Apartments
House Number: 920
Compass: E
Street Name: MONTEBELLO
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Zip4: 2245
County Code: Maricopa
Subdivision: MONTGOMERY ACRES
Assessor Number: 162-06-022-C
Tax Year: 2025
General Property Description
# of Buildings: 3
Uncvrd Parking Spcs: 7
Lot Size Dimensions: 11,892
Flood Zone: No
Total # of Units: 7
Elementary School District: Madison Elementary District
High School District: Phoenix Union High School District
Elementary School: Madison Rose Lane School
Jr. High School: Madison Meadows School
High School: North High School
Year Built: 1957
Zoning: R-3
Legal Info
Range: 3E
Section: 16
Township: 2N
Lot Number: 3
Project Type
5 - 12 Units: 1
Construction
Block: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Foam: 1
Floors
Vinyl: 1
Sale Includes
Land & Building: 1
Laundry Equipment: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 3431
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Pmt & Rate Info
Equity: 2250000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Email: 1
Lockbox Type
Other: 1
Community Features
No Pool: 1
Heating
Ceiling: 1
Forced Air: 1
Hot Water: 1
Electric: 1
Central: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Exterior Amenities
Landscape Water System: 1
Desert Landscaping: 1
Fire Escape: 1
Partially Fenced: 1
Curb(s) & Gutter(s): 1
Sidewalk(s): 1
Patio/Balcony: 1
Separate Storage: 1
Security Light(s): 1
Other (See Remarks): 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Mini Blinds: 1
Tenant Pays
Gas: 1
Electricity: 1
Cable TV: 1
Appliances Included
Built-In Gas Oven: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Washer/Dryer: 1
W/D Hookup: 1
Road Access Type
City Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Tax Return: 1
Water Source
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
On Street: 1
>1 Space Per Unit: 1
Off Street: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
1031 Exchange: 1
Reports/Disclosures
Other (See Remarks): 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 6
Avg Rent: 1250
Avg SqFt: 550
# Baths: 1
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
# 3 Bedroom Units: 3
Avg Rent: 2000
Avg SqFt: 1000
# Baths: 2
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 7th Street
Geo Lat: 33.520516
Geo Lon: -112.06196
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Foam
Floors: Vinyl
Sale Includes: Land & Building; Laundry Equipment
Community Features: No Pool
Exterior Amenities: Landscape Water System; Desert Landscaping; Fire Escape; Partially Fenced; Curb(s) & Gutter(s); Sidewalk(s); Patio/Balcony; Separate Storage; Security Light(s); Other (See Remarks)
Interior Features: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: Built-In Gas Oven; Refrigerator; Disposal; Microwave; Washer/Dryer; W/D Hookup
Heating: Ceiling; Forced Air; Hot Water; Central
Cooling: Ceiling Fan(s); Electric; Central Air
Water Source: Master Meter
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: On Street; >1 Space Per Unit; Off Street
Road Access Type: City Street
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Gas; Cable TV
Source of Fincl Data: Owner; Tax Return
Showing Notification Methods: Text; Email
Lockbox Type: Other
New Financing: Cash; 1031 Exchange
Environmental: None
Listing Office: CLA Realty, LLC
Last Updated: January - 30 - 2026
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