936 W MOUNTAIN VIEW Road, Phoenix, AZ 85021
$2,750,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$2,750,000
Last Modified:
8/25/2025
Description
16-unit multifamily opportunity located in the North Mountain Submarket of Phoenix, AZ. Originally built in 1965 and renovated in 2018, this asset is strategically positioned near the base of North Mountain, near many economic drivers such as the I-17 employment corridor, $1B redevelopment of the Metrocenter, and the North Mountain Redevelopment Area (NMRA). Additionally, the property consists of a desirable unit mix of 100% two-bedroom, one-bathroom floorplans across 4 separately parceled Fourplexes, allowing for residential or commercial financing. Community amenities include an on-site laundry facility, private patios, and a community common area where there is potential to build additional units.
More Information MLS# 6770776
Contract Info
Current Price: $2,750,000
Sold Price: $2,750,000
Status: Closed
List Date: 2024-10-09
Ownership: Fee Simple
Location Tax Legal
House Number: 936
Compass: W
Street Name: MOUNTAIN VIEW
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85021
Zip4: 2365
County Code: Maricopa
Subdivision: IRONWOOD PLACE
Assessor Number: 158-29-201
Tax Year: 2023
General Property Description
Lot Size Dimensions: 45,613 sq ft
Year Built: 1965
Uncvrd Parking Spcs: 18
Total # of Units: 16
# of Buildings: 4
Zoning: R-4
Elementary School District: Washington Elementary District
High School District: Glendale Union High School District
Remarks Misc
Geo Lat: 33.575114
Geo Lon: -112.086057
Status Change Info
Off Market Date: 2025-01-10
Under Contract Date: 2024-10-28
Close of Escrow Date: 2025-01-10
Sold Price: $2,750,000
Legal Info
Township: 3N
Range: 3E
Section: 30
Lot Number: 26
Income Expenses
Gross Annual Sch Inc: 243840
Net Operating Income: 175346
Showing Notification Methods
Showing Service: No Showing Service Used
2 Bedroom Units
# 2 Bedroom Units: 16
Avg Rent: 1301
Avg SqFt: 773
# Baths: 1
Sold Info
Loan Type: Conventional
Loan Years: 7
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession to Buyer: 55000
Seller Concession $/%: $
Property Features
Project Type: 13 - 24 Units
Construction: Wood Frame
Const - Finish: Stucco
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Land & Building; Laundry Equipment
Community Features: No Pool
Appliances Included: Built-In Range; Refrigerator; Dishwasher; Microwave
Heating: Individual
Cooling: Individual
Water Source: Submetered System
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: Other
Owner Pays: Trash Collection; Landscaping
Tenant Pays: Water; Electricity
Source of Fincl Data: Owner
Lockbox Type: None
New Financing: Cash; Conventional
Environmental: None
Listing Office: Matthews Real Estate Investment Services
Last Updated: August - 25 - 2025
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