5640 S Montezuma St Phoenix, AZ 85041
South Mountain NeighborhoodEstimated payment $3,501/month
Highlights
- Cooling Available
- Vinyl Flooring
- Individual Controls for Heating
- Phoenix Coding Academy Rated A
About This Home
5640 S Montezuma Avenue is 4-unit apartment community in located in South Phoenix, offering two-bedroom / one-bathrooms for each unit. (3) units are in classic condition and (1) unit is fully renovated with in-unit washer / dryer. 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $973
Year Built
- Built in 1964
Home Design
- Composition Roof
- Block Exterior
Parking
- 11 Open Parking Spaces
- 11 Parking Spaces
Utilities
- Cooling Available
- Individual Controls for Heating
Additional Features
- Vinyl Flooring
- Additional Parcels
Listing and Financial Details
- Assessor Parcel Number 113-39-015-C
Community Details
Overview
- 4 Units
- Building Dimensions are 14810
Building Details
- Operating Expense $973
Map
Home Values in the Area
Average Home Value in this Area
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 | $999 | $6,628 | -- | -- |
| 2024 | $946 | $6,312 | -- | -- |
| 2023 | $946 | $35,420 | $7,080 | $28,340 |
| 2022 | $927 | $24,770 | $4,950 | $19,820 |
| 2021 | $946 | $20,770 | $4,150 | $16,620 |
| 2020 | $934 | $17,760 | $3,550 | $14,210 |
| 2019 | $904 | $16,030 | $3,200 | $12,830 |
| 2018 | $880 | $11,680 | $2,330 | $9,350 |
| 2017 | $838 | $10,830 | $2,160 | $8,670 |
| 2016 | $797 | $9,450 | $1,890 | $7,560 |
| 2015 | $751 | $7,600 | $1,520 | $6,080 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 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 | $566,666 | -5.6% | $215 / Sq Ft | View Prior Sale |
| 10/19/2021 10/19/21 | Price Changed | $600,000 | -6.3% | $228 / Sq Ft | |
| 10/12/2021 10/12/21 | For Sale | $640,000 | +433.3% | $243 / Sq Ft | |
| 06/14/2012 06/14/12 | Sold | $120,000 | -11.1% | $195 / Sq Ft | View Prior Sale |
| 04/16/2012 04/16/12 | Pending | -- | -- | -- | |
| 01/27/2012 01/27/12 | For Sale | $135,000 | -- | $220 / Sq Ft |
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 | |
| Quit Claim Deed | -- | Great American Title Agency | |
| Interfamily Deed Transfer | -- | Great American Title Agency | |
| Special Warranty Deed | $45,000 | Lsi Title Agency Inc | |
| Trustee Deed | $122,320 | None Available | |
| Warranty Deed | $235,000 | Capital Title Agency Inc |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $124,600 | 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: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6895412
APN: 113-39-015C
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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