Properties
Phoenix, AZ 85016 1605 E MONTEBELLO Avenue
$2,500,000
17 more
Presented By: My Home Group Real Estate; 480-685-2760
Home Details
Exceptional opportunity to acquire a fully remodeled 9-unit multifamily asset in one of Phoenix's most desirable rental corridors. Located just minutes from the Biltmore area, this stabilized property offers immediate cash flow with 100% occupancy and strong long-term appreciation upside.
Each unit has been thoughtfully renovated, appealing to today's renter demand while minimizing future capital expenditures. The property is professionally maintained and positioned in a high-demand submarket with consistent rental growth.
This is a rare chance to own a turnkey, stabilized multifamily property in a core Phoenix location with strong demographics and proven rental demand. Ideal for investors seeking a low-maintenance asset in a premier submarket.
Presented By: My Home Group Real Estate; 480-685-2760
Interior Features for 1605 E MONTEBELLO Avenue
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringLaminate
Heating Y/NYes
General for 1605 E MONTEBELLO Avenue
Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityPhoenix
Community FeaturesNo Pool
Construction MaterialsPainted, Block
CoolingCeiling Fan(s)
CountyMaricopa
DirectionsHead south onto N 16th St to property. Property will be on the left after E Montebello Ave.
DisclosuresNone
ElectricSRP
Elementary SchoolMadison Rose Lane School
Elementary School DistrictMadison Elementary District
Garage Y/NNo
Gross Income180000.0
HeatingHot Water
High SchoolNorth High School
High School DistrictPhoenix Union High School District
Lease Considered Y/NNo
Lease Renewal Y/NNo
Middle/Junior High SchoolMadison #1 Elementary School
MobileHomeRemainsYNNo
Net Operating Income0.0
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
Number Of Units Total9
Occupancy TypeTenant
Open Parking Spaces0.0
Operating Expense5574.0
OwnerPaysOther
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofComposition
Senior CommunityN
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount5574.0
Tax Lot164-51-057-A
Tax Year2025
Township2N
Year Built1961
ZoningRES
Exterior for 1605 E MONTEBELLO Avenue
Covered Spaces8.0
Crops Included Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions137' x 140'
Number of Buildings3
Parking FeaturesDetached Carport, 1 Space/Unit
Road Surface TypeAsphalt
SpaNo
Total Parking8.0
Water SourceCity Franchise
Additional Details
Price History
Schools
Elementary School
Madison Rose Lane School Elementary School
High School
North High School
Middle School
Madison #1 Elementary School
