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1605 E Montebello Ave, Phoenix, AZ 85016

  • $2,500,000

  • 20

    bed

  • 8

    bath

Multi-family for sale 172 days
80 homes bought nearby with Movoto recently

About 1605 E Montebello Ave

Property type Multi-family
Neighborhood
Year built 1961
HOA fee $0/month
Property description
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.
Listed by
Listing Agent - Silvia Del Toro Ochoa
Listing Office - My Home Group Real Estate
Source: ARMLS mls logo
MLS#6973902 • last updated 5 months ago
Movoto checked ARMLS for data 4 minutes ago
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Overview
Cooling/AC Ceiling Fan(s)
Heating Hot Water
MLS # 6973902
Type Multiple Dwellings
Status Active
Property Tax 5574
Year Built 1961
Interior
Flooring Laminate
Appliances Built-In Range, Dishwasher, Refrigerator, Microwave, Washer/Dryer
Exterior
Roof Composition
Construction Painted, Block
Parking Detached Carport, 1 Space/Unit
# of Covered Spaces 8
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Community Features No Pool
Elementary School Madison Rose Lane School
Elementary School District Madison Elementary District
Middle School Madison #1 Elementary School
High School District Phoenix Union High School District
High School North High School
APN 164-51-057-A
Zoning RES
Directions Head South Onto N 16th St To Property. Property Will Be On The Left After E Montebello Ave.
Multifamily Details
Total # of Units 9
Expense: Operating 5574
Financial Data Source Owner
Gross Income 180000
Gross Scheduled Income 180000
Lot/ Land Details
Road Surface Asphalt
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5/10
Madison Rose Lane School
public Grades PK, K-4
Madison Elementary District
5/10
Madison #1 Elementary School
public Grades 5-8
Madison Elementary District
8/10
Phoenix Coding Academy
public Grades 9-12
Phoenix Union High School District
3/10
North High School
public Grades 9-12
Phoenix Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • Real Estate
  • AZ
  • Maricopa County
  • Phoenix
  • 85016
  • 1605 E Montebello Ave

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