3517 E Montecito Ave - Apartments FOR SALE


Phoenix, AZ 85018- East Phoenix
$1,350,000 USD
602-703-5277
3517 E Montecito Ave, Phoenix, AZ for Sale
$1,350,000 USD
Apartments - FOR SALE
1/24
null | Request Cap Rate

3517 E Montecito Ave
Phoenix, AZ 85018
East Phoenix


HIGHLIGHTS

  • Desirable Camelback East Location
  • Functional One- and Two-Bedroom Unit Mix
  • Spacious Lot with Outdoor Area Potential
  • Strong Rental Submarket with Continued Growth
  • Proximity to Arcadia, Biltmore, and Downtown Phoenix

OVERVIEW

This Four-Plex is very unique for the area. It is fully secured by a block wall on all sides and has its own private fenced in pool (recentlyresurfaced with pebble tech) in the courtyard. This is very rare to find anywhere in the valley, and especially in this area. The property as one 2/2 and three1/1 bedroom units. The property has been self managed and the owner has made numerous upgrades to the interior and exterior. This is a rare opportunityto purchase a Four-Plex in the esteemed Arcadia Lite Area. Arcadia Lite is a trendy, central Phoenix neighborhood (roughly 32nd-44th St, Camelback toIndian School) known for blending mid-century charm with modern, high-end renovations.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$556 USD /SF

# OF UNITS

4

PRICE/UNIT

$337,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,844 SF

ZONING

R-3

APN/PARCEL ID

170-27-117

ASK ABOUT THIS PROPERTY

Terry KassColdwell Banker CommercialMore Info
602-703-5277

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Terry KassColdwell Banker CommercialMore Info
602-703-5277

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