220 W Monterosa Street, Phoenix, AZ 85013
$1,800,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$1,800,000
Last Modified:
1/08/2026
Description
EXCEPTIONAL OPPORTUNITY TO ACQUIRE 2 UNIT INCOME PRODUCING INVESTMENT PROPERTY IN MIDTOWN PHOENIX POSITIONED NEAR LIGHT RAIL, RESTAURANTS, HOSPITALS & GREAT SCHOOLS.The sale consists of 2 mirrored 2,480 sq,ft. units, covered by one loan and a single APN #. The homes feature Identical 4 bed, 3 full baths and 2 half baths layouts spanning three stories with a loft and entertainer's dream roof deck with amazing views . Main floor boasts spacious open plan LR ,gourmet kitchen quartz waterfall island with sliders to patio.Industrial metal stars ,blonde solid wood floors and black and white color palette to give an urban chic feel. Roof deck has detached casita that can serve as 4 bedroom/office. Live in one rent the other or rent both.1 Unit is currently an Airbnb.Furniture can convey.
More Information MLS# 6964977
Contract Info
Ownership: Fee Simple
Current Price: $1,800,000
List Price: $1,800,000
Status: Active
List Date: 2026-01-07
Location, Tax & Legal
Assessor's Map #: 31
Legal Description (Abbrev): CASA DE ALEGRIA
Assessor's Parcel #: 54
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 117100
Taxes: 11484
Legal: LOT 1 BLOCK 4 CASA DE ALEGRIA MCR 002208
Marketing Name: Monterosa
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
# of Buildings: 1
Uncvrd Parking Spcs: 2
Lot Size Dimensions: 6422
Total # of Units: 2
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
Year Built: 2022
Zoning: R-4
Legal Info
Range: 3E
Section: 20
Township: 2N
Lot Number: 1
Project Type
Duplex: 1
Construction
Wood Frame: 1
Const - Finish
Lap Siding: 1
Stucco: 1
Siding: 1
Roofing
Built-Up: 1
Tile: 1
Floors
Wood: 1
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Personal Property: 1
Laundry Equipment: 1
Income & Expenses
Annual Elec Exp: 1440
Annual Gas Exp: 960
Annual Ins Exp: 1392
Annual Landscape Exp: 1200
Annual Wtr/Swr Exp: 1220
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 17696
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 124596
Total Monthly Rental Income: 10500
Pmt & Rate Info
Cap Rate: 5.34
Equity: 1800000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Natural Gas: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Heat Pump: 1
Exterior Amenities
Landscape Water System: 1
Desert Landscaping: 1
Fenced: 1
Sidewalk(s): 1
Patio/Balcony: 1
Security Light(s): 1
Interior Features
Partially Furnished: 1
Fire/Smoke Alarm(s): 1
Security Alarm(s): 1
Wet Bar: 1
Vertical Blinds: 1
Tenant Pays
Gas: 1
Water: 1
Electricity: 1
Cable TV: 1
None: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
Road Access Type
City Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Garage: 1
Garage Door Opener: 1
Add'l Parking Avail: 1
Attached Garage: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
Conventional: 1
Wraparound: 1
1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
# 4 Bedroom Units: 2
Avg Rent: 5500
Avg SqFt: 2480
# Baths: 4
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
Income Expenses
Gross Annual Sch Inc: 124596
Net Operating Income: 96046
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; Personal Property; 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
Heating: Natural Gas
Cooling: Ceiling Fan(s); Heat Pump; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: Garage; Garage Door Opener; Add'l Parking Avail; 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
New Financing: Cash; Conventional; Wraparound; 1031 Exchange
Environmental: None
Listing Office:
Coldwell Banker Realty
Last Updated: January - 08 - 2026
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