$2,720,000
Phoenix, AZ 85021
MLS# 6822334
Status: Closed
32 beds | 16 baths
1 / 47
Property Description
Mountain View Apartments is a 2-story, 16-unit multifamily opportunity located within the heart of the North Mountain Submarket in Phoenix. Built in 1985 and fully renovated in 2019-2021 both inside and out leaves an excellent operational value-add for future ownership. The property includes 100% spacious 2bedroom/1bath units catering to a wide range of tenants. Units benefit from modern wood-look tile flooring, white kitchen cabinets and vanities, granite countertops, stainless steel appliances, contemporary fixtures, in-unit washer and dryers and dual pane windows. Complex-wide has seen improvements such as repaved parking lot, remote security cameras, and BBQ for tenants to enjoy.
Details
Contract Info
Current Price: $2,720,000
Sold Price: $2,720,000
Status: Closed
List Date: 2025-02-18
Ownership: Fee Simple
Location, Tax & Legal
House Number: 1727
Compass: W
Street Name: MOUNTAIN VIEW
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85021
Zip4: 0950
Country: US
County Code: Maricopa
Subdivision: IDLE EASE
Assessor Number: 158-21-067
Tax Year: 2024
General Property Description
Lot Size Dimensions: Normal
Year Built: 1985
Uncvrd Parking Spcs: 22
Total # of Units: 16
# of Buildings: 2
Zoning: R-4
High School District: Glendale Union High School District
Legal Info
Township: 3N
Range: 3E
Section: 30
Lot Number: 7
2 Bedroom Units
# 2 Bedroom Units: 16
Avg Rent: 1200
Avg SqFt: 820
# Baths: 1
Structure
Bedrooms Total: 32
Bathrooms Total: 16
Showing Notification Methods
Showing Service: No Showing Service Used
Sold Info
Loan Type: Cash
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: %
Remarks Misc
Cross Street: 19th Avenue & Mountain View Rd
Geo Lat: 33.574495
Geo Lon: -112.097398
Status Change Info
Off Market Date: 2025-03-03
Under Contract Date: 2025-02-19
Close of Escrow Date: 2025-02-28
Sold Price: $2,720,000
Income Expenses
Gross Annual Sch Inc: 252864
Net Operating Income: 182061
Property Features
Project Type: 13 - 24 Units
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Building(s) Only; Land & Building; Laundry Equipment
Community Features: No Pool; Barbecue
Exterior Amenities: Curb(s) & Gutter(s); Sidewalk(s)
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup
Heating: Heat Pump
Cooling: Electric; Central Air
Water Source: City Franchise
Sewer: Sewer - Public; Sewer - Available; Sewer-In & Connected
Electric: APS
Gas: Other (See Remarks)
Parking Features: >1 Space Per Unit; Free; Paved
Road Surface Type: Asphalt
Owner Pays: Water; Electric; Trash Collection; Landscaping
Tenant Pays: None
Source of Fincl Data: Owner; Projected Proforma
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Conventional
New Financing: Cash; Conventional; 1031 Exchange
Environmental: None
Listing Office: Orion Investment Real Estate
Office Phone: 480-634-6934
Office Email: [email protected]
Last Updated: March - 03 - 2025
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