Properties
Phoenix, AZ 85016 2727 E MONTECITO Avenue
$930,000
21 more
Presented By: Cambridge Properties; 602-493-5100
Garage • 1
Home Details
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.
Presented By: Cambridge Properties; 602-493-5100
Interior Features for 2727 E MONTECITO Avenue
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringCeramic Tile, Vinyl, Wood
Heating Y/NYes
General for 2727 E MONTECITO Avenue
Additional Parcels Y/NNo
Attached Garage No
Cap Rate3.98
Carport Y/NNo
CityPhoenix
Community FeaturesBarbecue, No Pool
Construction MaterialsPainted, Block
CoolingElectric, Individual, 2 or More Units
CountyMaricopa
DirectionsHead north on N 28th Street (0.3 mi). Head west onto E Montecito Avenue (240 ft). Property is on south side of street.
DisclosuresSeller Prop Disc Stm
ElectricSRP, Individual Meter
Elementary SchoolMadison Camelview Elementary
Elementary School DistrictMadison Elementary District
Garage Y/NYes
Gross Income54600.0
HeatingIndividual, 2 or More Units, Electric
High SchoolCamelback High School
High School DistrictPhoenix Union High School District
Insurance Expense2747.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
MaintenanceExpense719.0
Middle/Junior High SchoolMadison Park School
MobileHomeRemainsYNNo
Net Operating Income39838.0
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
Number Of Units Total3
Occupancy TypeTenant
Open Parking Spaces0.0
Operating Expense14761.0
OwnerPaysTrash Collection, Water, Sewer, Landscaping
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofComposition
Senior CommunityN
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameBROWN TERRACE
Tax Annual Amount2389.0
Tax Lot5
Tax Year2025
Township2N
Water Sewer Expense3364.0
Year Built1959
Zoningmulti
Exterior for 2727 E MONTECITO Avenue
Covered Spaces3.0
Crops Included Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions8476
Number of Buildings1
Parking Features1 Space/Unit
Road Surface TypeConcrete, Asphalt
SpaNo
Total Parking3.0
Water SourceCity Franchise
Additional Details
Price History
Schools
Elementary School
Madison Camelview Elementary
Middle School
Madison Park School Middle School
High School
Camelback High School
