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Monte Vista Apartments 1709 W Mountain View Rd 16 Unit Apartment Building $2,999,000 ($187,438/Unit) Phoenix, AZ 85021
Executive Summary
Monte Vista Apartments is a 16-unit multifamily investment opportunity located at 1709 W Monte Vista Road in the desirable North Mountain submarket of Phoenix, Arizona. Built in 1985, the property consists of two, two-story residential buildings totaling approximately 12,160 rentable square feet on a .44 acre parcel. The community features a highly desirable unit mix of 100% two-bedroom, one-bathroom floor plans averaging approximately 760 square feet, appealing to a broad tenant base including families, roommates, and workforce renters.
Situated within the established North Mountain corridor, the property benefits from convenient access to major employment centers, retail amenities, and transportation corridors, making it an attractive and rental stable option for residents seeking affordability and connectivity in the Phoenix metropolitan area.
Situated within the established North Mountain corridor, the property benefits from convenient access to major employment centers, retail amenities, and transportation corridors, making it an attractive and rental stable option for residents seeking affordability and connectivity in the Phoenix metropolitan area.
Property Facts
| Price | $2,999,000 | Building Class | C |
| Price Per Unit | $187,438 | Lot Size | 0.44 AC |
| Sale Type | Investment | Building Size | 12,160 SF |
| No. Units | 16 | Average Occupancy | 94% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1985 |
| Apartment Style | Low-Rise | Parking Ratio | 1.25/1,000 SF |
| Zoning | R-4, Phoenix - Multifamily | ||
| Price | $2,999,000 |
| Price Per Unit | $187,438 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.44 AC |
| Building Size | 12,160 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built | 1985 |
| Parking Ratio | 1.25/1,000 SF |
| Zoning | R-4, Phoenix - Multifamily |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Online Services
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 16 | - | 760 |
1 1
Fairly walkable
40/100
Very drivable
80/100
Some public transit
40/100
Very bikeable
80/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $257 | Total Assessment | $48,270 |
Property Taxes
Parcel Numbers
Land Assessment
$257
Improvements Assessment
$0
Total Assessment
$48,270
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Monte Vista Apartments | 1709 W Mountain View Rd
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