1140 W Monterosa Street, Phoenix, AZ 85013
$560,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$560,000
Last Modified:
5/10/2025
Description
Excellent investment opportunity! Melrose District duplex with easy access to downtown, midtown, nightlife, shopping & dining. Each remodeled units has 821 sq. ft., 2 Bed/1 Bath with covered patio, private fenced yard, laundry and a 1-car garage. Mirror image floor plans. Currently rents are $1795 and $1750/mo., one on a month-to-month lease, so you could live in one unit and offset your costs with the rent from the other, or convert the oversized garage into a third rental unit for even more monthly income. Lots of possibilities with this turn-key property. Updates include new roof 2020, AC 2019, dual pane windows and sliding glass doors, flooring, int./ext. paint, kitchen and bathroom cabinets, granite counters, fixtures and hardware, stainless steel appliances, garage doors & openers.
More Information MLS# 6789630
Contract Info
Current Price: $560,000
Sold Price: $560,000
Status: Closed
List Date: 2024-11-30
Ownership: Fee Simple
Location Tax Legal
House Number: 1140
Compass: W
Street Name: Monterosa
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85013
Country: US
County Code: Maricopa
Subdivision: DEL MONTE NORTH 2
Assessor Number: 155-40-118
Tax Year: 2024
General Property Description
Lot Size Dimensions: 66.64x90.85
Year Built: 1959
Uncvrd Parking Spcs: 2
Total # of Units: 2
# of Buildings: 1
Zoning: [M-M] MULTI-FAM
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Encanto School
Jr. High School: Osborn Middle School
High School: Central High School
Remarks Misc
Cross Street: 7th Ave and Indian School Rd.
Directions: South on Indian School Rd. to 11th Ave., north on 11h Ave. to Monterosa St., west on Monterosa St. to property on the right.
Geo Lat: 33.495995
Geo Lon: -112.088673
Status Change Info
Status Change Date: 2025-05-10
Off Market Date: 2025-05-10
Under Contract Date: 2025-03-26
Close of Escrow Date: 2025-05-09
Sold Price: $560,000
Legal Info
Township: 2N
Range: 3E
Section: 19
Lot Number: 2
Income Expenses
Gross Annual Sch Inc: 42540
Net Operating Income: 35514
Showing Notification Methods
Showing Service: No Showing Service Used
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1772.5
Avg SqFt: 821
# Baths: 1
Sold Info
Loan Type: FHA
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Seller Assist - A
Buyer Concession $/%: $
Seller Concession to Buyer: 2
Seller Concession $/%: %
Property Features
Project Type: Duplex
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Fenced; Cable TV Available; Patio/Balcony
Interior Amenities: Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Heating: Central; Heat Pump; 2 or More Units
Cooling: Electric; Central Air; 2 or More Units
Water Source: City Franchise
Sewer: Sewer - Public; Septic in & Cnctd
Electric: APS
Gas: SW Gas
Parking Features: Garage; On Street; Garage Door Opener
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Gas; Cable TV; Landscaping
Source of Fincl Data: Owner
Special: Owner/Agent
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing Othr Ln Trm: Not Applicable
New Financing: Cash; VA; FHA; Conventional
Environmental: None
Listing Office: DPR Realty LLC
Last Updated: May - 10 - 2025
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