$650,000

Estimated payment $3,589/month

Total Views 1,830
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Vinyl Flooring
  • Individual Controls for Heating
  • Phoenix Coding Academy Rated A

About This Home

5632 S Montezuma Avenue is a 4-unit apartment community in Phoenix, offering two-bedroom / one-bathrooms for each unit. (3) units have washer / dryer in-unit and (1) unit is fully renovated. Built in 1963 and renovated in 2024, it still holds value-add potential for further upgrades. Just 10 minutes from Sky Harbor Airport, the property benefits from high tenant demand, job growth, and excellent connectivity. With stable income and growth potential, this fourplex is a prime investment in Phoenix's booming rental market. All units are occupied.

Listing Agent

Mitchell Drake

ABI Multifamily License #SA675761000 Listed on: 07/14/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $882

Year Built

  • Built in 1963

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Vinyl Flooring

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Over 1 Space Per Unit

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Assessor Parcel Number 113-39-015-B

Community Details

Overview

  • 4 Units
  • Building Dimensions are 11326

Building Details

  • Operating Expense $882

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$882

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1963
  • Tax Year: 2024
  • Road Surface Type: Concrete
  • Tax Parcel Letter: B
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: Refrigerator, Built-In Electric Oven, Washer/Dryer, W/D Hookup
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Built-In Electric Oven: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 5.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking Features >1 Space Per Unit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Electric, Individual
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 11326
  • Additional Parcels: No
  • Parcel #: 113-39-015-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Operating Expense: 882.0

Tax Info

  • Tax Annual Amount: 882.0
  • Tax Book Number: 113.00
  • Tax Lot: 0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $882 $6,003 -- --
2024 $857 $5,718 -- --
2023 $857 $32,100 $6,420 $25,680
2022 $840 $22,500 $4,500 $18,000
2021 $857 $18,770 $3,750 $15,020
2020 $846 $16,030 $3,200 $12,830
2019 $819 $14,560 $2,910 $11,650
2018 $797 $10,630 $2,120 $8,510
2017 $759 $9,900 $1,980 $7,920
2016 $722 $8,530 $1,700 $6,830
2015 $680 $6,880 $1,370 $5,510
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2025 08/21/25 For Sale $650,000 0.0% --
08/21/2025 08/21/25 Off Market $650,000 -- --
07/14/2025 07/14/25 For Sale $650,000 +14.7% --
12/21/2021 12/21/21 Sold $566,667 -5.6% $238 / Sq Ft
10/19/2021 10/19/21 Price Changed $600,000 -6.3% $253 / Sq Ft
10/12/2021 10/12/21 For Sale $640,000 +433.3% $269 / Sq Ft
06/14/2012 06/14/12 Sold $120,000 -11.1% $195 / Sq Ft
04/16/2012 04/16/12 Pending -- -- --
01/28/2012 01/28/12 For Sale $135,000 -- $220 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $1,700,000 First American Title Ins Co
Quit Claim Deed -- None Available
Warranty Deed $178,000 Old Republic Title Agency
Special Warranty Deed $506,500 Fidelity Natl Title Agency
Special Warranty Deed -- None Available
Interfamily Deed Transfer -- Chicago Title
Warranty Deed $120,000 Chicago Title
Cash Sale Deed $192,000 Empire West Title Agency
Warranty Deed -- None Available
Warranty Deed -- None Available
Interfamily Deed Transfer -- Guaranty Title Agency
Special Warranty Deed $45,000 Guaranty Title Agency
Trustee Deed $152,812 None Available
Warranty Deed $252,400 Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,181,000 New Conventional
Previous Owner $133,500 New Conventional
Previous Owner $90,000 New Conventional
Previous Owner $25,000 Purchase Money Mortgage
Previous Owner $188,000 Purchase Money Mortgage
Closed $47,000 No Value Available
Source: Public Records

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6895344

Arizona Regional Multiple Listing Service (ARMLS)

APN: 113-39-015B