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Sold on 02/09/2021

2607 E Monte Cristo Ave, Phoenix, AZ 85032

$400,000

Last sold 02/09/2021 after 70 Days

  • 8

    bed

  • 4

    bath

Multi-family not for sale
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About 2607 E Monte Cristo Ave

Property type Multi-family
Neighborhood
Year built 1962
HOA fee $0/month
Property description
CASH FLOW! CASH FLOW! CASH Great investment opportunity with tons of positive cash flow! This property has been priced to sell quick and can produce great cash flow income. Come a take a look don't miss out on this great income property All tenants like to see many many years Improvements 4x AC. 4x water heater, new built 4 Showers , kitchen #1 Solid block building. 4 occupied units. 4 - one bedroom rent $750, $800, $750 and 1- two bedroom $760 All remodeled over the last 6 years with new cabinets, appliances, Dual Pane windows, tile or floors in all units. Tiled showers. Bathroom vanities. Added insulation. New light fixtures. No showings until 24 hour note Drive by only. One story only No HOA, No Pool No headache Landlord pays water, sewer, trash $230 month
Listed by
Listing Agent - Thomas A Mastromatto
Listing Office - Mountain Lake Realty
Source: ARMLS mls logo
MLS#6166395 • last updated 1 year ago
Movoto checked ARMLS for data 12 minutes ago
Overview
Cooling/AC Central Air, Ceiling Fan(s), Evaporative Cooling
Heating Electric
MLS # 6166395
Type Multiple Dwellings
Status Closed
Property Tax 810
Year Built 1962
Interior
Flooring Carpet, Ceramic Tile
Appliances Free-Standing Range, Refrigerator
Exterior
Roof Composition
Construction Painted, Stucco, Block
Parking Paved, Free, >1 Space Per Unit
# of Open Parking Spaces 8
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Community Features No Pool
Elementary School District Paradise Valley Unified District
Middle School Paradise Valley High School
High School District Paradise Valley Unified District
High School Paradise Valley High School
APN 214-40-043
Zoning M-m
Multifamily Details
Total # of Units 4
Expense: Operating 4265
Financial Data Source Projected Proforma
Expense: Insurance 855
Net Operating Income 33000
Gross Income 37920
Expense: Water/Sewer 2600
Gross Scheduled Income 37920
We are not permitted to show value estimates for this property.
  • Apr 2025
    Public Records
  • Apr 2, 2025 Sold
    $650,000 (+62.5%)
  • Feb 2021
    mls logo MLS # 6166395
  • Feb 9, 2021 Pending
    —
  • Feb 9, 2021 Listed
    —
  • Feb 8, 2021 Sold
    $400,000 (-20.0%)
  • Feb 8, 2021 Sold
    $500,000
  • Jan 9, 2021 Pending
    —
  • Dec 9, 2020 Price Change
    $499,900 (-9.1%)
  • Dec 7, 2020 Price Change
    $550,000 (-4.3%)
  • Dec 1, 2020 Price Change
    $574,900 (-4.2%)
  • Dec 1, 2020 Listed
    $600,000 (+84.1%)
  • Feb 2021
    Public Records
  • Feb 8, 2021 Sold
    $400,000
  • Jul 2006
    Public Records
  • Jul 27, 2006 Sold
    $325,900 (+18.5%)
  • Nov 2004
    Public Records
  • Nov 10, 2004 Sold
    $275,000 (+37.5%)
  • Nov 2002
    Public Records
  • Nov 27, 2002 Sold
    $200,000
  • Year Property taxes Tax assessment
  • 2024
    $859 +2.1%
    $43,460 -17.45%
  • 2023
    $841 +1.0%
    $52,650 +39.36%
  • 2022
    $833 -0.3%
    $37,780 +23.99%
  • 2021
    $835 +3.2%
    $30,470 +25.13%
  • 2020
    $809 -0.1%
    $24,350 +16.73%
  • 2019
    $811 +3.4%
    $20,860 +25.59%
  • 2018
    $784 +4.3%
    $16,610 +15.75%
  • 2017
    $751 +1.7%
    $14,350 +6.45%
  • 2016
    $739 +8.0%
    $13,480
  • 2015
    $684
    —
  • 2607 E Monte Cristo Ave
    $400K
  • 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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