5640 S Montezuma St Phoenix, AZ 85041
South Mountain Neighborhood
--
Bed
--
Bath
2,632
Sq Ft
1964
Built
Highlights
- Ceramic Tile Flooring
- Central Air
- Heating Available
- Phoenix Coding Academy Rated A
About This Home
As of December 2021Property must be purchased with adjacent properties at 5632 and 5646 S Montezuma. These Baseline Corridor Four-Plexes, built in 1963-1964, are single-story buildings with 12 two bedroom/one bath units. Each are on individual parcels with large lots with mature irrigated landscape. In excellent condition, all 12 units were remodeled with tile floors, new cabinets and refurbished baths, new roofs in 2015, new parking lot and almost half of the units have new ACs. This is a great opportunity for an investor to purchase 12 units with residential financing in a high rental demand area. The area offers easy access to multiple employment opportunities, retail, and the light rail will be completed in the next couple of years.
Last Agent to Sell the Property
HomeSmart License #BR564506000 Listed on: 10/12/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $946
Year Built
- Built in 1964
Home Design
- Foam Roof
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
- Over 1 Space Per Unit
- Free Parking
- Paved Parking
- On-Street Parking
Schools
- Sunland Elementary Middle School
- South Mountain High School
Utilities
- Central Air
- Heating Available
Additional Features
- Ceramic Tile Flooring
- Additional Parcels
Listing and Financial Details
- The owner pays for trash collection, water, sewer
- Assessor Parcel Number 113-39-015-C
Community Details
Overview
- 4 Units
- Building Dimensions are 14,810 SF
Building Details
- Operating Expense $5,721
- Gross Income $30,102
- Net Operating Income $22,471
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 12, 2021
Closed on
Dec 20, 2021
Sold by
Falewicz Criag
Bought by
5632 5646 S Montezuma St Llc
Seller's Agent
Susan Hernandez
HomeSmart
Buyer's Agent
Julia Kovalyova
Realty ONE Group
List Price
$640,000
Sold Price
$566,666
Premium/Discount to List
-$73,334
-11.46%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.30%
Purchase Details
Closed on
Feb 6, 2021
Sold by
Falewicz Craig
Bought by
Montezuma One Llc
Purchase Details
Closed on
Sep 10, 2015
Sold by
Ashurt Nshe
Bought by
Falewicz Craig
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,600
Interest Rate
3.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 27, 2015
Sold by
Gha Assets Llc
Bought by
Nshe Ashurst Llc
Purchase Details
Closed on
Sep 12, 2013
Sold by
Brouse Olver
Bought by
Gha Assets Llc
Purchase Details
Listed on
Jan 27, 2012
Closed on
Jun 5, 2012
Sold by
Brouse Victoria
Bought by
Brouse Oliver
Seller's Agent
Terry Kass
R.O.I. Properties
Buyer's Agent
Terry Kass
R.O.I. Properties
List Price
$135,000
Sold Price
$120,000
Premium/Discount to List
-$15,000
-11.11%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.86%
Original Mortgage
$90,000
Interest Rate
3.79%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 10, 2011
Sold by
5640 Montezuma Llc
Bought by
Takada Property 1 Llc
Purchase Details
Closed on
Jun 17, 2009
Sold by
Kato Ken
Bought by
5640 Montezuma Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
4.82%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 2, 2009
Sold by
Aurora Loan Services Llc
Bought by
Kato Ken
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
4.82%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 11, 2008
Sold by
Lemons Ward and Lemons Lisa
Bought by
Aurora Loan Services Llc
Purchase Details
Closed on
Apr 28, 2005
Sold by
Matthews William D and Matthews Christina M
Bought by
Lemons Ward and Lemons Lisa
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage
Similar Homes in the area
Create a Home Valuation Report for This Property
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 |
|---|---|---|---|
| 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 |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,181,000 | New Conventional | |
| 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: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 |
| 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 |
| 04/16/2012 04/16/12 | Pending | -- | -- | -- |
| 01/27/2012 01/27/12 | For Sale | $135,000 | -- | $220 / 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 | $973 | $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 |
Source: Public Records
Agents Affiliated with this Home
-
M
Seller's Agent in 2025
Mitchell Drake
ABI Multifamily
-
S
Seller's Agent in 2021
Susan Hernandez
HomeSmart
-
J
Buyer's Agent in 2021
Julia Kovalyova
Realty One Group
-
T
Seller's Agent in 2012
Terry Kass
R.O.I. Properties
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6306359
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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