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Sold on 12/18/2019

2601 E Monte Cristo Ave, Phoenix, AZ 85032

$260,000

Last sold 12/18/2019 after 57 Days

  • 6

    bed

  • 3

    bath

Multi-family not for sale
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About 2601 E Monte Cristo Ave

Property type Multi-family
Neighborhood
Year built 1962
HOA fee $0/month
Rental estimate
Property description
MULTIFAMILY TRI-PLEX INVESTMENT OPPORTUNITY PROVIDING IMMEDIATE CASH-FLOW! This is a great Tri-Plex with all Two Bedroom/One Bath units. Each unit has a secure, gated front patio entrance, and private back yard area. All of the units have ceramic tile floors, and are in good shape. Rents are way below market, new buyer has significant upside. This is a very desirable rental area, and units rent quickly. There is also access to employment, entertainment, transportation, parks, and schools very near by. Property has extra land to the east of patio fenceline, and also a closed off alley in back that could be utilized for more parking or even to build carports or storage units.
Listed by
Listing Agent - Carrick Sears
Listing Office - SVN/Desert Commercial Advisors
Source: ARMLS mls logo
MLS#5995330 • last updated 1 year ago
Movoto checked ARMLS for data 7 minutes ago
Overview
Cooling/AC Central Air, Electric, Heat Pump, 2 Or More Units
Heating Central, Heat Pump, 2 Or More Units, Natural Gas
MLS # 5995330
Type Multiple Dwellings
Status Closed
Property Tax 601
Year Built 1962
Interior
Flooring Carpet, Ceramic Tile
Appliances Built-In Range, Refrigerator, W/D Hookup
Exterior
Roof Composition
Construction Painted, Block
Parking Add'l Parking Avail, >1 Space Per Unit, On Street
# of Open Parking Spaces 3
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Subdivision Jolly Acres
Community Features No Pool
Elementary School Abraham Lincoln Traditional School
Elementary School District Paradise Valley Unified District
High School District Paradise Valley Unified District
High School Paradise Valley High School
APN 214-40-042
Zoning R-3
Directions North On Cave Creek. East On Paradise Ln. South On 27th St. West On Monte Cristo To Property On South Side Of Street
Multifamily Details
Total # of Units 3
Expense: Operating 5401
Financial Data Source Owner
Expense: Maintenance 1500
Vacancy Allowance 0.05
Expense: Insurance 900
Net Operating Income 18539
Gross Income 23940
Expense: Water/Sewer 2400
Gross Scheduled Income 25200
We are not permitted to show value estimates for this property.
  • Dec 2019
    mls logo MLS # 5995330
  • Dec 18, 2019 Sold
    $260,000
  • Oct 22, 2019 Listed
    $270,000 (+92.9%)
  • Dec 2019
    Public Records
  • Dec 16, 2019 Sold
    $260,000 (-3.7%)
  • Oct 2016
    Public Records
  • Oct 31, 2016 Sold
    $140,000 (-3.4%)
  • Sep 2016
    mls logo MLS # 5491195
  • Sep 17, 2016 Sold
    $145,000 (-2.7%)
  • Aug 30, 2016 Listed
    $149,000 (-48.6%)
  • Nov 2013
    Public Records
  • Nov 26, 2013 Sold
    $290,000 (+625.0%)
  • Mar 2012
    Public Records
  • Mar 29, 2012 Sold
    $40,000 (-80.6%)
  • Jan 2006
    Public Records
  • Jan 25, 2006 Sold
    $205,900
  • Jun 2005
    Public Records
  • Jun 30, 2005 Sold
    $205,900 (+37.3%)
  • Nov 2002
    Public Records
  • Nov 27, 2002 Sold
    $150,000
  • Year Property taxes Tax assessment
  • 2024
    $637 +2.1%
    $33,350 -14.22%
  • 2023
    $624 +1.0%
    $38,880 +40.21%
  • 2022
    $618 -0.3%
    $27,730 +22.86%
  • 2021
    $619 +3.2%
    $22,570 +21.47%
  • 2020
    $600 -0.1%
    $18,580 +13.92%
  • 2019
    $601 +3.4%
    $16,310 +24.22%
  • 2018
    $581 +4.3%
    $13,130 +15.99%
  • 2017
    $557 +1.7%
    $11,320 +9.06%
  • 2016
    $548 +8.0%
    $10,380
  • 2015
    $507
    —
  • 2601 E Monte Cristo Ave
    $260K
  • Paradise Valley Village
    $637K -1% y/y
  • 85032
    $451K +4% y/y
  • Phoenix
    $464K 0% y/y
No chart available
Statistics calculated by Movoto

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2/10
Palomino Primary School
public Grades PK, K-3
Paradise Valley Unified District
2/10
Palomino Intermediate School
public Grades 4-6
Paradise Valley Unified District
2/10
Greenway Middle School
public Grades 7-8
Paradise Valley Unified District
4/10
North Canyon High School
public Grades 8-12
Paradise Valley Unified District
Source: GreatSchools.org © 2026. All rights reserved.

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