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Katrina Golikova

kg@aziquehomes.com

$ 2,250,000

Est. payment -/mo

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920 E MONTEBELLO Avenue Phoenix, AZ 85014

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Montgomery Acres

MLS Listing ID 6977076

Year Built 1957

Annual Tax Amount $3,431

Tax Year 2025

Lot Dimensions 11,892

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

Turnkey 7-unit multifamily investment in a prime central Phoenix location. Built in 1958 and fully renovated in 2022, featuring six 1-bed/1-bath units and one 3-bed/2-bath unit. Capital improvements include new roof (2024), privacy fence (2023), new hot water heaters, plumbed utility room, and updated landscaping with upgraded irrigation/timers. Units offer in-unit washer/dryers and are individually metered for electric and gas. Ample parking on site. Option to purchase adjacent parcel, currently used for parking, zoned R-3 with potential for 3 additional units. Walkable to 7th St Restaurant Row and Uptown Plaza.

Location

State AZ

County Maricopa

Community Montgomery Acres

Area Maricopa

Zoning R-3

Interior

Heating Hot Water, Forced Air, Central, Electric, Ceiling

Cooling Central Air, Ceiling Fan(s), Electric

Flooring Vinyl

Appliance Disposal, Refrigerator, Built-In Gas Oven, Microwave, Washer/Dryer, W/D Hookup

Exterior

Exterior Feature Sidewalk(s)

Parking Features Off Street, >1 Space Per Unit, On Street

Community Features No Pool

Roof Type Foam

Private Pool No

Building

Sewer Public Sewer

Water Master Meter

Structure Type Sidewalk(s)

New Construction No

Schools

Elementary Schools Madison Rose Lane School

Middle Schools Madison Meadows School

High Schools North High School

School District Phoenix Union High School District

Others

Senior Community No

Tax ID 162-06-022-C

Acceptable Financing 1031 Exchange

Disclosures Other (See Remarks)

Listing Terms 1031 Exchange

Listed by CLA Realty, LLC