$6,750,000

2335 E Utopia Rd Phoenix, AZ 85024

Paradise Valley Neighborhood

Estimated payment $39,127/month

Total Views 2,378
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Wood Flooring
  • Heated Community Pool
  • Heating Available
  • Mountain Trail Middle School Rated A-
  • Cooling Available

About This Home

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.

Listing Agent

Adam Saylor

Marcus & Millichap License #SA659585000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,421

Year Built

  • Built in 2020

Home Design

  • Wood Frame Construction
  • Foam Roof

Flooring

  • Wood
  • Carpet

Parking

  • 18 Open Parking Spaces
  • 54 Parking Spaces
  • 36 Covered Spaces

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping, pool/spa maintenance
  • Assessor Parcel Number 213-26-324

Community Details

Overview

  • 3 Buildings
  • 18 Units
  • Building Dimensions are 54,946 sq ft.

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $111,410
  • Gross Income $545,604
  • Net Operating Income $392,682

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,421

Year Built

Built in 2020

Lot Details

0

Listing Details

  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 2020
  • Tax Year: 2024
  • Road Surface Type: Asphalt
  • Professional Management Expense: 21488.0
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Wood
  • Appliances: BI Oven/Range, Washer/Dryer
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Frame - Wood
  • Roof: Foam
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 36.0
  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 18.0
  • Total Parking Spaces: 54.0
  • General Property Description:Covered Parking Spcs: 36.0
  • General Property Description:Uncvrd Parking Spcs: 18.0
  • General Property Description:Total Parking Spcs: 54.0
  • Garage Details: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Pool

Association/Amenities

  • Community Amenities:Pool2: Yes

Lot Info

  • Lot Size: 54,946 sq ft.
  • Additional Parcels: No
  • Parcel #: 213-26-324

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping, Pool/Spa Maintenance
  • Tenant Pays: Electricity
  • Number Of Units Total: 18
  • Electric Expense: 38267.0
  • Annual Gross Income: 545604.0
  • Insurance Expense: 9900.0
  • Maintenance Expense: 10800.0
  • Property Net Operating Income: 392682.0
  • Annual Operating Expense: 111410.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 17421.0
  • Tax Book Number: 213.00
  • Tax Lot: na

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/11/2025 02/11/25 For Sale $6,750,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6818927

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Maricopa County Phoenix 85024 Paradise Valley

2335 E Utopia Rd, Phoenix, AZ

Homes for Sale in Phoenix, AZ

This home is located at 2335 E Utopia Rd, Phoenix, AZ 85024 and is currently priced at $6,750,000. This property was built in 2020. 2335 E Utopia Rd is a home located in Maricopa County with nearby schools including Sunset Canyon School, Mountain Trail Middle School, and North Canyon High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

Adam Saylor
Listing Agent
Adam Saylor
Section Image
Marcus & Millichap
(480) 600-2626