2118 W Belmont Avenue, Phoenix, AZ 85021
- $1,050,000
- Sold Price
- $1,050,000
- List Price
- $1,080,000
- Closing Date
- Nov 26, 2025
- Days on Market
- 64
- Status
- CLOSED
- MLS#
- 6922688
- City
- Phoenix
- Subdivision
- Vista Income Estates 2
- Year Built
- 1986
Property Description
Six unit complex with hard to find all two bedroom unit mix (729 sf/unit). Located in a quiet residential neighborhood, just south of Northern Ave. Close to LRT, Grand Canyon U, and Christown Mall. Many owner-occupied neighbors. Jumbo 17,500 sf lot with large parking lot & courtyard. R-3 zoning & building layout on the lot allows nice potential to add units. Rents range from $1,095-$1200 (market). 6 CAP. Long-term, local owner. Value-add, though there have been many upgrades. Built in 1986 with all separate electrical metering (mid to newer HVAC units). One building with three units up/down. Separate laundry & storage in the back (not currently used). DSCR 5-8 unit loan product with 30 yr am could be a good fit. Seller intends to 1031, no seller financing. Competitive $246/sf.
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Additional Information
- High School
- Glendale High School
- Community Features
- No Pool, Other, See Remarks
- Construction
- Wood Frame, Painted, See Remarks
- Cooling
- Heat Pump, Electric, Ceiling Fan(s)
- Electric
- Individual Meter, SRP
- Flooring
- Other
- Heating
- Electric, Heat Pump
- New Financing
- Conventional, No Carry, Cash
- Parking Features
- Paved, >1 Space Per Unit, Assigned
- Roofing
- Composition
- Sewer
- Sewer-In & Connected
- Subdivision
- Vista Income Estates 2
- Taxes
- $5,261
- Tax Year
- 2024
- Tenant Pays
- Electricity, Cable TV, See Remarks
- Units
- 6
- Water
- City Franchise
- Zoning
- R-3
Courtesy of Better Homes & Gardens Real Estate SJ Fowler. 480-649-3536 Selling Office: RE/MAX Alliance Group.
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