920 E MONTEBELLO Avenue, Phoenix, AZ 85014 (MLS# 6977076)

920 E MONTEBELLO Avenue, Phoenix, AZ 85014

$2,250,000

Property Type: Multiple Dwellings Status: Active

Current Price: $2,250,000 Last Modified: 1/30/2026

Overview

Description

Turnkey 7-unit multifamily investment in a prime central Phoenix location. Built in 1958 and fully renovated in 2022, featuring six 1-bed/1-bath units and one 3-bed/2-bath unit. Capital improvements include new roof (2024), privacy fence (2023), new hot water heaters, plumbed utility room, and updated landscaping with upgraded irrigation/timers. Units offer in-unit washer/dryers and are individually metered for electric and gas. Ample parking on site. Option to purchase adjacent parcel, currently used for parking, zoned R-3 with potential for 3 additional units. Walkable to 7th St Restaurant Row and Uptown Plaza.

Listing Details MLS# 6977076

Location, Tax & Legal

House Number: 920
Compass: E
Street Name: MONTEBELLO
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Zip4: 2245
Country: US
County Code: Maricopa
Subdivision: MONTGOMERY ACRES
Assessor Number: 162-06-022-C
Tax Year: 2025
Building Number: 3
Assessor's Map #: 6
Legal Description (Abbrev): MONTGOMERY ACRES MCR 29-17 W 50F OF E 100F OF LOTS 3 & 4 BLOCK 1
Assessor's Parcel #: 22
Assessor Parcel Ltr: C
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 107601
Taxes: 3431
Legal: MONTGOMERY ACRES MCR 29-17 W 50F OF E 100F OF LOTS 3 & 4 BLOCK 1
Marketing Name: Montebello Apartments

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 11,892
Year Built: 1957
Uncvrd Parking Spcs: 7
Total # of Units: 7
# of Buildings: 3
Zoning: R-3
Flood Zone: No
Elementary School District: Madison Elementary District
High School District: Phoenix Union High School District
Elementary School: Madison Rose Lane School
Jr. High School: Madison Meadows School
High School: North High School

Remarks Misc

Cross Street: 7th Street

Legal Info

Township: 2N
Range: 3E
Section: 16
Lot Number: 3

Showing Notification Methods

Showing Service: No Showing Service Used
Text: Yes
Email: Yes

More Information

1 Bedroom Units

# 1 Bedroom Units: 6
Avg Rent: 1250
Avg SqFt: 550
# Baths: Yes

3 Bedrooms Units

# 3 Bedroom Units: 3
Avg Rent: 2000
Avg SqFt: 1000
# Baths: 2

Project Type

5 - 12 Units: Yes

Construction

Block: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Foam: Yes

Floors

Vinyl: Yes

Sale Includes

Land & Building: Yes
Laundry Equipment: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 3431
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0

Pmt & Rate Info

Equity: 2250000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

Other: Yes

Community Features

No Pool: Yes

Heating

Ceiling: Yes
Forced Air: Yes
Hot Water: Yes
Electric: Yes
Central: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes
Electric: Yes

Exterior Amenities

Landscape Water System: Yes
Desert Landscaping: Yes
Fire Escape: Yes
Partially Fenced: Yes
Curb(s) & Gutter(s): Yes
Sidewalk(s): Yes
Patio/Balcony: Yes
Separate Storage: Yes
Security Light(s): Yes
Other (See Remarks): Yes

Interior Features

Unfurnished: Yes
Fire/Smoke Alarm(s): Yes
Mini Blinds: Yes

Tenant Pays

Gas: Yes
Electricity: Yes
Cable TV: Yes

Appliances Included

Built-In Gas Oven: Yes
Disposal: Yes
Microwave: Yes
Refrigerator: Yes
Washer/Dryer: Yes
W/D Hookup: Yes

Road Access Type

City Street: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes
Tax Return: Yes

Water Source

Master Meter: Yes

Sewer

Sewer - Public: Yes

Parking Features

On Street: Yes
>1 Space Per Unit: Yes
Off Street: Yes

Electric

APS: Yes

Gas

SW Gas: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes
Landscaping: Yes

New Financing

Cash: Yes
1031 Exchange: Yes

Reports/Disclosures

Other (See Remarks): Yes

Environmental

None: Yes

Efficiency Units

Avg Rent: 0

2 Bedroom Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: 5 - 12 Units Construction: Block Const - Finish: Painted; Stucco Roofing: Foam Floors: Vinyl Sale Includes: Land & Building; Laundry Equipment Community Features: No Pool Exterior Amenities: Landscape Water System; Desert Landscaping; Fire Escape; Partially Fenced; Curb(s) & Gutter(s); Sidewalk(s); Patio/Balcony; Separate Storage; Security Light(s); Other (See Remarks) Interior Features: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds Appliances Included: Built-In Gas Oven; Refrigerator; Disposal; Microwave; Washer/Dryer; W/D Hookup Heating: Ceiling; Forced Air; Hot Water; Central Cooling: Ceiling Fan(s); Electric; Central Air Water Source: Master Meter Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: On Street; >1 Space Per Unit; Off Street Road Access Type: City Street Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Gas; Cable TV Source of Fincl Data: Owner; Tax Return Showing Notification Methods: Text; Email Lockbox Type: Other New Financing: Cash; 1031 Exchange Environmental: None

Listing Office: CLA Realty, LLC

Last Updated: January - 30 - 2026