3526 E Montecito Avenue, Phoenix, AZ 85018

$2,772,500
Sold Price
$2,772,500
List Price
$2,700,000
Closing Date
Apr 14, 2023
Days on Market
140
Status
CLOSED
MLS#
6470591
City
Phoenix
Subdivision
Darleigh Manor
Year Built
1958

Property Description

3526 East Montecito Avenue was originally built in 1958, renovated in 2018 and is of block construction. This garden-style property has a solid unit mix that features (8) spacious 2 bedroom / 1 bathroom apartments. The most recent capital expenditures at the property include; a full interior renovation that includes stainless steel appliances, white shaker cabinets, backsplash, countertops and more. The exterior has been renovated and features; vibrant desert landscaping, the installation of private front patios and private backyards. Each unit has a full-sized stackable washer and dryer and the property is individually metered for electricity. Given the location of this rarely available apartment community, there is room for investors to maximize rental increase potential.

Additional Information

School District
Phoenix Union High School District
Community Features
No Pool
Construction
Painted, Block
Cooling
Individual, Ceiling Fan(s)
Electric
City Electric, Individual Meter
Flooring
Vinyl
Heating
Individual
New Financing
Conventional
Parking Features
1 Space/Unit, Street Parking, Common
Roofing
Composition
Sewer
Public Sewer
Subdivision
Darleigh Manor
Taxes
$4,542
Tax Year
2022
Tenant Pays
Electricity, Cable TV
Units
8
Water
City Franchise
Zoning
R-3

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of ABI Multifamily. Selling Office: ABI Multifamily.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.