220 W Monterosa Street, Phoenix, AZ 85013
$1,750,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$1,750,000
Last Modified:
3/24/2026
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
Current Price: $1,750,000
List Price: $1,750,000
Status: Active
List Date: 2026-01-07
Ownership: Fee Simple
Location Tax Legal
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
Lot Size Dimensions: 6422
Year Built: 2022
Uncvrd Parking Spcs: 2
Total # of Units: 2
# of Buildings: 1
Zoning: R-4
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
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
Legal Info
Township: 2N
Range: 3E
Section: 20
Lot Number: 1
Income Expenses
Gross Annual Sch Inc: 124596
Net Operating Income: 97301
Showing Notification Methods
Showing Service: No Showing Service Used
4 Bedrooms Units
# 4 Bedroom Units: 2
Avg Rent: 5500
Avg SqFt: 2480
# Baths: 4
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: March - 24 - 2026
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.