1212 W Mountain View Road, Phoenix, AZ 85021 (MLS# 6076014)

1212 W Mountain View Road, Phoenix, AZ 85021

$890,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $890,000 Last Modified: 5/04/2026

Overview

Description

Ironwood Apartments is located North Phoenix. Apartment fundamentals in North Phoenix are tighter than ever. Consistent demand and minimal new supply has kept vacancies near all-time lows in recent quarters. This is a fully rented 8 units. This has amazing unit mix six two bedrooms and two ones rented as utilities included on the ones for higher rents for veteran program. Others are rented as regular one year leases. Newer 1980's construction and brand new paint. All facts and figures are approximate buyer verify MLS information. Drive by only the tenants are unaware of the sale. Demand is propped up by the submarket's affordability, proximity to major employment nodes, and accessibility via the I-17 and Piestewa Freeway.

Listing Details MLS# 6076014

Location, Tax & Legal

Map Code/Grid: M34
House Number: 1212
Compass: W
Street Name: Mountain View
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85021
Zip4: 3076
Country: US
County Code: Maricopa
Subdivision: IRONWOOD PLACE PLAT 2
Assessor Number: 158-30-057
Tax Year: 2018
Assessor's Map #: 30
Legal Description (Abbrev): LOT 84 IRONWOOD PLACE PLAT 2 MCR 003730
Assessor's Parcel #: 57
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 104502
Taxes: 1666
Legal: LOT 84 IRONWOOD PLACE PLAT 2 MCR 003730
Marketing Name: IRONWOOD PLACE

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: irr
Year Built: 1986
Uncvrd Parking Spcs: 6
Total # of Units: 8
# of Buildings: Yes
Zoning: multi
Elementary School District: Washington Elementary District
High School District: Glendale Union High School District

Remarks Misc

Cross Street: 7th Ave / Hatcher
Directions: West on Hatcher to 9th Avenue, north to Mountain View, west to the property

Status Change Info

Off Market Date: 2020-10-14
Under Contract Date: 2020-08-21
Close of Escrow Date: 2020-10-15

Legal Info

Township: 3N
Range: 3E
Section: 30
Lot Number: 84

More Information

Income Expenses

Gross Annual Sch Inc: 86892
Net Operating Income: 59601

1 Bedroom Units

# 1 Bedroom Units: 2
Avg Rent: 1057
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: 6
Avg Rent: 854
# Baths: Yes

Sold Info

Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession to Buyer: 50000
Seller Concession $/%: $
Buyer Concession to Seller: 0

Project Type

5 - 12 Units: Yes

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Built-Up: Yes

Floors

Ceramic Tile: Yes
Carpet: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Elec Exp: 2500
Annual Gas Exp: 0
Annual Ins Exp: 1880
Annual Land Lse Exp: 0
Annual Landscape Exp: 1000
Annual Legal & Acctg: 0
Annual Maint Exp: 6000
Annual Mgmt Exp: 4090
Annual Trash Exp: 1260
Annual Wtr/Swr Exp: 4550
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 22946
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 82547.4
Total Monthly Rental Income: 7241

Pmt & Rate Info

Cap Rate: 6.62
Down Payment: 0
Equity: 900000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0

Lockbox Type

None: Yes

Community Features

Other: Yes
See Remarks: Yes

Heating

Electric: Yes

Cooling

Electric: Yes

Exterior Amenities

Desert Landscaping: Yes
Cable TV Available: Yes
Security Light(s): Yes

Interior Features

Unfurnished: Yes

Tenant Pays

Electricity: Yes
Cable TV: Yes

Appliances Included

Refrigerator: Yes
Free-Standing Range: Yes

Road Access Type

Alley: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Paved: Yes

Electric

APS: Yes
Individual Meter: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Trash Collection: Yes
Landscaping: Yes

New Financing

Conventional: Yes

Existing 1st Loan

Private: Yes

Existing 1st Loan Type

Not Applicable: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Existing 2nd Loan

Treat as Free&Clear: Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Treat as Free&Clear: Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

None: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

None: Yes

Existing Othr Ln Trm

Not Applicable: Yes

Efficiency Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: 5 - 12 Units Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Built-Up Floors: Ceramic Tile; Carpet Sale Includes: Land & Building Community Features: Other; See Remarks Exterior Amenities: Desert Landscaping; Cable TV Available; Security Light(s) Interior Features: Unfurnished Appliances Included: Free-Standing Range; Refrigerator Cooling: Electric Water Source: City Franchise Sewer: Sewer - Public Electric: APS; Individual Meter Gas: None Parking Features: Paved Road Access Type: Alley Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Lockbox Type: None Existing 1st Loan: Private Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Conventional Environmental: None

Listing Office: Grace CRE

Last Updated: May - 04 - 2026