$120,000
SOLD JUN 14, 2012

5640 S Montezuma St Phoenix, AZ 85041

South Mountain Neighborhood
8 Beds
4 Baths
615 Sq Ft
1964 Built

Recently Sold

$195 Per Sq Ft

11% Below List Price

80 Days on Market

Highlights

  • Painted or Stained Flooring
  • Phoenix Coding Academy Rated A
  • Evaporated cooling system

About This Home

As of December 2021

RARE OPPORTUNITY TO OBTAIN 3 ADJACENT ''CASH FLOWING'' FOUR-PLEXES (12 UNITS FULLY OCCUPIED) WITH RESIDENTIAL FINANCING. All three Four-Plexes are on separate parcels and must be purchased together.(Must also purchase 5632 & 5646 S. Montezuma Street)Situated in a high-demand rental submarket along the Baseline Corridor, these 1963-1964 built, block-constructed Four-Plexes offer all two bedroom units on large lots with mature landscape and large grassy areas. Tenants have 6 to 12 month leases with the property supporting a strong cash flow.

Last Agent to Sell the Property

Terry Kass

R.O.I. Properties License #BR503783000 Listed on: 01/27/2012

Last Buyer's Agent

Terry Kass

Blue Saguaro Commercial Realty, LLC License #BR503783000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $973

Year Built

  • Built in 1964

Parking

  • On-Street Parking

Home Design

  • Composition Shingle Roof
  • Block Exterior

Flooring

  • Painted or Stained Flooring
  • Ceramic Tile

Additional Features

  • Oven or Range
  • Evaporated cooling system

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for sewer, trash collection, water

Community Details

Overview

  • $730 per year Dock Fee
  • 4 Units
  • Building Dimensions are 14,810 SF

Building Details

  • Insurance Expense $800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$973

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Tax Municipality: Maricopa - COUNTY
  • Appliances Included: BI Oven/Range, Refrigerator
  • Construction Finish: Painted
  • Cross Street: 7th St & Southern
  • Floors: Ceramic Tile
  • Roads Streets: Dedicated Street
  • Property Type: F
  • Hndrd Blk Directionl: S
  • Marketing Name: Montezuma Four-Plexes
  • Ownership: Fee Simple
  • Uncvrd Parking Spcs: 4.00
  • Map Code Grid: R34
  • Year Built: 1964
  • Tax Year: 2011
  • Directions: East to Montezuma St., North to property.
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Roofing: Comp Shingle
  • Construction: Block

Garage/Parking

  • Parking: <1 Space Per Unit, Street Parking
  • Total Parking Spaces: 4.00

Utilities

  • Water: City Franchise
  • Electric: SRP
  • Cooling: Evaporative Cooling
  • Heating: See Remarks

Condo/Co-op/Association

  • Community Amenities: No Pool

Lot Info

  • Lot Size: 14,810 SF

Multi Family

  • Income And Expenses Adjusted Gross Inc: 20822.40
  • Income And Expenses Annual Ins Exp: 800.00
  • Income And Expenses Annual Maint Exp: 2800.00
  • Income And Expenses Annual Other Expense: 2000.00
  • Income And Expenses Annual Trash Exp: 600.00
  • Income And Expenses Annual Water Sewer Exp: 1800.00
  • Income And Expenses Gross Annual Sch Inc: 23136.00
  • Income And Expenses Net Operating Income: 12200.00
  • Income And Expenses Operating Exp: 8729.62
  • Income And Expenses Vacancy Allowance: 0.10
  • Number Of Two Bedroom Units: 4
  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Electric
  • Total Numberof Buildings: 1
  • Total Numberof Units: 4.00
  • Two Bedroom Units Avg Rent: 482.00
  • Two Bedroom Units Avg Sq Ft: 615
  • Two Bedroom Units Baths: 1

Tax Info

  • Taxes: 729.62

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
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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

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 $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

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4708400

Arizona Regional Multiple Listing Service (ARMLS)

APN: 113-39-015C

Arizona Maricopa County Phoenix 85041 South Mountain

5640 S Montezuma St, Phoenix, AZ

This home is located at 5640 S Montezuma St, Phoenix, AZ 85041 and is currently priced at $120,000, approximately $195 per square foot. This property was built in 1964. 5640 S Montezuma St is a home located in Maricopa County with nearby schools including Sunland Elementary School, Cesar Chavez High School, and Phoenix Coding Academy.

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.

Arizona Regional Multiple Listing Service (ARMLS) 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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