Courtesy of Compass
Property Description
Mountain View 8 Units consists of six one-bedroom/one-bathroom units and two studio units, offering investors a strong cash-flowing multifamily opportunity in North Central Phoenix. Built in 1987, the property features two-story wood-frame construction with a flat roof. Recent capital improvements include new mini-split HVAC systems in all units and various interior upgrades. The property is 100% occupied and generates $8,325 per month ($99,900 annually) in gross rental income. Investors can benefit from immediate cash flow with additional upside through light cosmetic improvements and rental growth. The parcel located directly in front of the property is also included in the sale, providing added value and future potential.
Open House
Property Details and Features
-
Property Access
- Road Surface: Asphalt
-
Appliances & Equipment
- Refrigerator
- Built-In Electric Oven
-
Bathrooms
- 8 total bathrooms
-
Bedrooms
- 8 total bedrooms
-
Building
- Built in 1987
- 1 building
- Construction Materials: Wood Frame, Painted, Stucco, Block, Slump Block
-
Community
- No Pool
-
Cooling
- Electric
-
Disclosures
- None
-
Expenses
- Insurance: $1,440
- Operating: $16,521
- Trash: $1,920
- Water/Sewer: $1,800
-
Floors
- Tile
- Laminate
- Vinyl
-
Heating
- Electric
-
Income
- Gross Income: $96,903
- Gross ScheduledIncome: $99,900
- Net Operating Income: $80,382
-
Listing
- Listing ID: 7045461
- Standard Status: Active
- MLS Status: Active
- 74 days on market
-
Location
- Subdivision: FOOTHILL LOTS
- County/Parish: Maricopa
-
Lot
- Dimensions: 10,483
-
Owner Pays
- Trash Collection
- Water
- Sewer
-
Parking
- 10 open parking spaces
- 10 total parking spaces
- Paved
- Free
- >1 Space Per Unit
-
Roof
- Foam
- Rolled/Hot Mop
-
Schools
- High School: Sunnyslope High School
- High School District: Glendale Union High School District
-
Sewer
- Public Sewer
-
Taxes
- Additional parcels description:
- Parcel Number: 158-33-120
- Public Survey Range: 3E
- Public Survey Section: 30
- Annual Amount: $11,361
- Tax Book Number: 158.00
- Legal Description: LOT 13 FOOTHILL LOTS MCR 003839
- Lot: 13
- Year: 2025
- Zoning: R-4
-
Utilities
- Water Source: City Franchise
- APS
Property Map
Street View
Market Trends for 85021, Phoenix, AZ
Nearby Schools
Request More Information
Schedule a Showing
Similar Properties Nearby
This content last updated on September 5, 2026 11:41AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.