2335 E Utopia Road, Phoenix, AZ 85024
$6,750,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$6,750,000
Last Modified:
2/11/2025
Description
Monarch (''the Property''), completed in 2020, features 18 twostory
townhomes with spacious 2 Bdr 2.5 Bath and 3 Bdr 2.5 Bath
floorplans, averaging 1,410 square feet per unit. Each residence
boasts state-of-the-art modern kitchens equipped with fullsize
stainless-steel refrigerators, granite countertops, subway
tile backsplashes, and custom cabinetry with soft-close doors.
Enhancing the boutique community experience, Monarch offers
private, direct-access two-car garages, 10-foot ceilings, walkin
master closets, and a resort-style pool, delivering a perfect
blend of luxury and functionality.
More Information MLS# 6818927
Contract Info
Current Price: $6,750,000
List Price: $6,750,000
Status: Active
List Date: 2025-02-11
Ownership: Fee Simple
Location Tax Legal
House Number: 2335
Compass: E
Street Name: Utopia
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85024
Country: USA
County Code: Maricopa
Assessor Number: 213-26-324
Tax Year: 2024
General Property Description
Lot Size Dimensions: 54,946 sq ft.
Year Built: 2020
Uncvrd Parking Spcs: 18
Total # of Units: 18
# of Buildings: 3
Zoning: R-5
Remarks Misc
Geo Lat: 33.66249
Geo Lon: -112.031427
Status Change Info
Status Change Date: 2025-02-11
Legal Info
Lot Number: na
Income Expenses
Gross Annual Sch Inc: 530190
Net Operating Income: 392682
Showing Notification Methods
Showing Service: No Showing Service Used
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 2036
Avg SqFt: 1355
# Baths: 10
3 Bedrooms Units
# 3 Bedroom Units: 14
Avg Rent: 2480
Avg SqFt: 1426
# Baths: 35
Property Features
Project Type: 13 - 24 Units
Construction: Frame - Wood
Const - Finish: Painted
Roofing: Foam
Floors: Wood; Carpet
Sale Includes: Land & Building
Community Amenities: Pool
Appliances Included: BI Oven/Range; Refrigerator; Washer/Dryer
Cooling: Electric
Water: Master Meter
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking: Garage; >1 Space Per Unit
Owner Pays: Water; Trash Collection; Landscaping; Pool/Spa Maintenance
Tenant Pays: Electric
Source of Fincl Data: Provided by Owner; Projected Proforma
Lockbox Type: None
New Financing: Cash; Conventional; No Carry; 1031 Exchange
Environmental: None
Listing Office: Marcus & Millichap
Last Updated: February - 11 - 2025
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