Herron / Korn and Company
Herron / Korn and Company
Isabel Herron, Herron / Korn and CompanyPhone: (480) 342-8388
Email: issieh@cox.net
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listing
1 of 9
MultifamilyFor Sale
$2,050,000
5640 S Montezuma Street
Phoenix, AZ 85041
Listed by: Abi Multifamily, (602) 714-1289
MLS: Arizona Regional MLS
Est. Mortgage
$10,682/mo

Montezuma is a 12-unit apartment community in Phoenix, offering two-bedroom / one-bathroom units. Built in 1963 and renovated in 2024, it still holds value-add potential for further upgrades. A total of (7) units have in-unit washer / dryer. Out of those units (5) have been fully renovated. A major advantage is the assumable sub $1.2M Freddie Mac loan at 3.31%, ensuring strong cash flow and stability in a high-interest rate environment. 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, Montezuma is a prime investment in Phoenix's booming rental market. All units are occupied. We cannot allow tours to the interior of any unit

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Information courtesy of Abi Multifamily is subject to verification and is not guaranteed.
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