220 W Monterosa Street, Phoenix, AZ 85013
$1,750,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$1,750,000
Last Modified:
2/05/2026
Description
OFFERED WITH RARE ASSUMABLE INSTITUTIONAL FINANCING at 4.875% -$1.323M IN-PLACE DEBT THIS DUPLEX IN MIDTOWN PHOENIX PRESENTS A COMPELLING OPPORTUNITY TO ACQUIRE A STABILIZED MULTIFAMILY WITH BELOW -MARKET DEBT. The sale consists of 2 mirrored 2603 sq,ft. units, with one loan and a single APN #. The homes feature Identical 3 level 4 bed, 3,5 baths layouts w loft and entertainer's dream roof deck with views. Roof deck has detached casita that can serve as 4 bedroom/office. Proximity to light rail, medical centers, hospitals University campus and business hubs provide high tenant demand as do flexible short term /long term rental strategies. IDEAL FOR INVESTORS,OWNER OCCUPANTS, OR 1031 EXCHANGE BUYERS SEEKING RATE CERTAINTY,IMPROVED CASH FLOW & LONG- TERM FINANCING FLEXIBILITY
More Information MLS# 6964977
Contract Info
Ownership: Fee Simple
Current Price: $1,750,000
List Price: $1,750,000
Status: Active
List Date: 2026-01-07
Location, Tax & Legal
Assessor's Map #: 31
Legal Description (Abbrev): CASA DE ALEGRIA
Assessor's Parcel #: 54
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 117100
Taxes: 11484
Legal: LOT 1 BLOCK 4 CASA DE ALEGRIA MCR 002208
Marketing Name: Monterosa
House Number: 220
Compass: W
Street Name: Monterosa
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85013
County Code: Maricopa
Subdivision: CASA DE ALEGRIA
Assessor Number: 155-31-054
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 2
Lot Size Dimensions: 6422
Total # of Units: 2
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District
Elementary School: Longview Elementary School
Jr. High School: Osborn Middle School
High School: Central High School
Year Built: 2022
Zoning: R-4
Legal Info
Range: 3E
Section: 20
Township: 2N
Lot Number: 1
Project Type
Duplex: 1
Construction
Wood Frame: 1
Const - Finish
Lap Siding: 1
Stucco: 1
Siding: 1
Roofing
Built-Up: 1
Tile: 1
Floors
Wood: 1
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Laundry Equipment: 1
Income & Expenses
Annual Elec Exp: 1440
Annual Gas Exp: 960
Annual Ins Exp: 1392
Annual Landscape Exp: 1200
Annual Wtr/Swr Exp: 1220
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 17696
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 124596
Total Monthly Rental Income: 10500
Pmt & Rate Info
Cap Rate: 5.56
Equity: 1750000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Exterior Amenities
Landscape Water System: 1
Desert Landscaping: 1
Fenced: 1
Sidewalk(s): 1
Patio/Balcony: 1
Security Light(s): 1
Interior Features
Partially Furnished: 1
Fire/Smoke Alarm(s): 1
Security Alarm(s): 1
Wet Bar: 1
Vertical Blinds: 1
Tenant Pays
Gas: 1
Water: 1
Electricity: 1
Cable TV: 1
None: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
Road Access Type
City Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Garage: 1
Garage Door Opener: 1
Attached Garage: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
Conventional: 1
Wraparound: 1
1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Terms
Assume - Qualify: 1
No Prepay Penalty: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
# 4 Bedroom Units: 2
Avg Rent: 5500
Avg SqFt: 2480
# Baths: 4
Remarks Misc
Cross Street: CAMELBACK/CENTRAL
Directions: SOUTH ON CENTRAL TO MONTEROSA ST..WEST TO HOMES ON THE RIGHT
Geo Lat: 33.496781
Geo Lon: -112.077389
Income Expenses
Gross Annual Sch Inc: 124596
Net Operating Income: 97301
Property Features
Project Type: Duplex
Construction: Wood Frame
Const - Finish: Lap Siding; Stucco; Siding
Roofing: Built-Up; Tile
Floors: Wood; Ceramic Tile
Sale Includes: Land & Building; Laundry Equipment
Community Features: No Pool
Exterior Amenities: Landscape Water System; Desert Landscaping; Fenced; Sidewalk(s); Patio/Balcony; Security Light(s)
Interior Features: Partially Furnished; Fire/Smoke Alarm(s); Security Alarm(s); Wet Bar; Vertical Blinds
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Cooling: Ceiling Fan(s); Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: Garage; Garage Door Opener; Attached Garage
Road Access Type: City Street
Road Surface Type: Asphalt
Owner Pays: Trash Collection; Landscaping
Tenant Pays: Water; Electricity; Gas; Cable TV; None
Source of Fincl Data: Owner; Projected Proforma
Showing Notification Methods: Text; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Terms: Assume - Qualify; No Prepay Penalty
New Financing: Cash; Conventional; Wraparound; 1031 Exchange
Environmental: None
Listing Office:
Coldwell Banker Realty
Last Updated: February - 05 - 2026
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