1140 W Monterosa St Phoenix, AZ 85013
--
Bed
--
Bath
1,643
Sq Ft
6,011
Sq Ft Lot
Highlights
- Multiple cooling system units
- Ceramic Tile Flooring
- Central Heating and Cooling System
- Phoenix Coding Academy Rated A
About This Home
As of May 2025Excellent investment opportunity! Melrose District duplex with easy access to downtown, midtown, nightlife, shopping & dining. Each remodeled units has 821 sq. ft., 2 Bed/1 Bath with covered patio, private fenced yard, laundry and a 1-car garage. Mirror image floor plans. Currently rents are $1795 and $1750/mo., one on a month-to-month lease, so you could live in one unit and offset your costs with the rent from the other, or convert the oversized garage into a third rental unit for even more monthly income. Lots of possibilities with this turn-key property. Updates include new roof 2020, AC 2019, dual pane windows and sliding glass doors, flooring, int./ext. paint, kitchen and bathroom cabinets, granite counters, fixtures and hardware, stainless steel appliances, garage doors & openers.
Last Agent to Sell the Property
DPR Realty LLC License #SA556910000 Listed on: 11/30/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,106
Year Built
- Built in 1959
Home Design
- Composition Roof
- Block Exterior
Flooring
- Ceramic Tile Flooring
Parking
- 4 Parking Spaces
- 2 Covered Spaces
- Automatic Garage Door Opener
- On-Street Parking
Schools
- Encanto Elementary School
- Osborn Middle School
- Central High School
Utilities
- Multiple cooling system units
- Central Heating and Cooling System
- Multiple Heating Units
- Heat Pump System
Listing and Financial Details
- The owner pays for trash collection, water, sewer
- Tax Lot 2
- Assessor Parcel Number 155-40-118
Community Details
Overview
- 2 Units
- Building Dimensions are 66.64x90.85
- Del Monte North 2 Subdivision
Building Details
- Operating Expense $4,066
- Gross Income $40,413
- Net Operating Income $35,514
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 30, 2024
Closed on
May 6, 2025
Sold by
Get Wet Properties Llc
Bought by
Baker Ryan
Seller's Agent
Larry Shinn
DPR Realty LLC
Buyer's Agent
Larry Burr
ATLAS AZ, LLC
List Price
$585,000
Sold Price
$560,000
Premium/Discount to List
-$25,000
-4.27%
Views
49
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$26,491
Avg. Annual Appreciation
-13.66%
Original Mortgage
$540,038
Outstanding Balance
$539,087
Interest Rate
6.65%
Mortgage Type
FHA
Estimated Equity
-$5,578
Purchase Details
Closed on
Nov 26, 2024
Sold by
Huscher Stephen and Huscher Ellen
Bought by
Get Wet Properties Llc
Purchase Details
Listed on
Sep 13, 2016
Closed on
Mar 21, 2017
Sold by
Perez Jose Guadalupe Aguirre and Quezada Maria Del Socorro Mendoza
Bought by
Huscher Stephen and Huscher Ellen
Seller's Agent
Leonardo Morales
Venture REI, LLC
Buyer's Agent
Larry Shinn
DPR Realty LLC
List Price
$230,000
Sold Price
$220,000
Premium/Discount to List
-$10,000
-4.35%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.05%
Original Mortgage
$165,000
Interest Rate
4.15%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 1, 2011
Sold by
The Syndicate Llc
Bought by
Perez Jose Guadalupe Aguirre and Quezada Maria Del Socorro Mendoza
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,025
Interest Rate
4.73%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
May 3, 2011
Sold by
Rosenberg Financial Services Llc
Bought by
The Syndicate Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,025
Interest Rate
4.73%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Apr 28, 2011
Sold by
Wheeler Mark and Wheeler Laurie M
Bought by
Rosenberg Financial Services Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,025
Interest Rate
4.73%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Mar 10, 2006
Sold by
Russell Rory
Bought by
Wheeler Mark and Wheeler Laurie M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
6.08%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 9, 2006
Sold by
Tin Man Investments One Llc
Bought by
Russell Rory
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
6.08%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 10, 2004
Sold by
Davis Kenneth E and Davis Roberta D
Bought by
Tin Man Investments One Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,900
Interest Rate
6.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 26, 2004
Sold by
Totten Ferne G and James Eunice E
Bought by
Davis Kenneth E and Davis Roberta D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,900
Interest Rate
6.5%
Mortgage Type
New Conventional
Similar Homes in the area
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $550,000 | First Integrity Title Agency O | |
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | $220,000 | Empire West Title Agency | |
| Special Warranty Deed | $79,900 | Stewart Title | |
| Quit Claim Deed | -- | Stewart Title & Trust Of Pho | |
| Trustee Deed | $44,001 | Stewart Title & Trust Of Pho | |
| Warranty Deed | $205,000 | Equity Title Agency Inc | |
| Warranty Deed | $175,000 | Equity Title Agency Inc | |
| Warranty Deed | $151,000 | -- | |
| Warranty Deed | $151,000 | Chicago Title Insurance Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $540,038 | FHA | |
| Previous Owner | $165,000 | New Conventional | |
| Previous Owner | $75,025 | Seller Take Back | |
| Previous Owner | $180,000 | Negative Amortization | |
| Previous Owner | $22,500 | Credit Line Revolving | |
| Previous Owner | $205,000 | Purchase Money Mortgage | |
| Previous Owner | $135,900 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/09/2025 05/09/25 | Sold | $560,000 | +0.2% | $341 / Sq Ft |
| 02/26/2025 02/26/25 | Price Changed | $559,000 | -4.4% | $340 / Sq Ft |
| 11/30/2024 11/30/24 | For Sale | $585,000 | +165.9% | $356 / Sq Ft |
| 03/29/2017 03/29/17 | Sold | $220,000 | -4.3% | $134 / Sq Ft |
| 03/16/2017 03/16/17 | Price Changed | $230,000 | +4.5% | $140 / Sq Ft |
| 01/31/2017 01/31/17 | Pending | -- | -- | -- |
| 01/27/2017 01/27/17 | Off Market | $220,000 | -- | -- |
| 09/13/2016 09/13/16 | For Sale | $230,000 | -- | $140 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,106 | $8,812 | -- | -- |
| 2024 | $1,068 | $8,393 | -- | -- |
| 2023 | $1,068 | $34,650 | $6,930 | $27,720 |
| 2022 | $1,062 | $23,870 | $4,770 | $19,100 |
| 2021 | $1,080 | $20,780 | $4,150 | $16,630 |
| 2020 | $1,053 | $17,310 | $3,460 | $13,850 |
| 2019 | $1,007 | $14,930 | $2,980 | $11,950 |
| 2018 | $974 | $15,160 | $3,030 | $12,130 |
| 2017 | $894 | $10,610 | $2,120 | $8,490 |
| 2016 | $863 | $9,010 | $1,800 | $7,210 |
| 2015 | $802 | $7,970 | $1,590 | $6,380 |
Source: Public Records
Agents Affiliated with this Home
-
Larry Shinn
Seller's Agent in 2025
Larry Shinn
DPR Realty
(480) 201-0770
20 Total Sales
-
Larry Burr
L
Buyer's Agent in 2025
Larry Burr
ATLAS AZ, LLC
(480) 828-3283
96 Total Sales
-
Leonardo Morales
Seller's Agent in 2017
Leonardo Morales
Venture REI, LLC
(480) 648-5206
3 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6789630
APN: 155-40-118
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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