2727 E Montecito Ave - Multi-Family FOR SALE


Phoenix, AZ 85016- Biltmore
$930,000 USD
602-469-6600
2727 E Montecito Ave, Phoenix, AZ for Sale
$930,000 USD
Multi-Family - FOR SALE
1/16
null | 3.98% Cap Rate

2727 E Montecito Ave
Phoenix, AZ 85016
Biltmore


HIGHLIGHTS

  • Architectural Charm and strong tenant stability
  • Clean Expense Profile and minimal deferred maintenance
  • Enclosed 3 Car Garages - 1 per Unit

OVERVIEW

Rare turn-key mid-century modern triplex in the heart of the Biltmore corridor within a lush desert landscape setting. Gated, walled courtyard creates sanctuary for this compound featuring two 2-bed/2-bath units and one spacious 1-bed/1-bath unit with delightful wood flooring. Unit 1 features a private large patio Enclosed 3-car garage with assigned spaces and private storage, plus shared on-site laundry. Owner pays water/sewer; tenants pay electric. Recent capital improvements and transferable termite warranty. Proximity to Sprouts, Starbucks, dining and breweries. Boutique multifamily asset in one of Phoenix's strongest rental corridors with long-term appreciation appeal. *Do not disturb tenants. Drive-by only. All showings subject to accepted contract. Buyer to verify all facts and figures. *Each unit has a separate water heater, storage closet and garage space. *Seller is also offering other renovated triplex and fourplex assets in Central Phoenix & Scottsdale *Contact Listing Agent for full offering summary, financials, rent rolls, and capital improvement details.

FOR SALE DETAILS

PRICE

$930,000 USD

PRICE/SF

$338 USD /SF

# OF UNITS

3

PRICE/UNIT

$310,000

CAP RATE

3.98%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Boutique Mid-Century Tri-Plex

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R-3

APN/PARCEL ID

163-08-070

ASK ABOUT THIS PROPERTY

Keith MishkinCambridge PropertiesMore Info
602-469-6600

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Keith MishkinCambridge PropertiesMore Info
602-469-6600

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.