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2727 E Montecito Ave, Phoenix, AZ 85016

  • $885,000

  • 5

    bed

  • 3

    bath

Multi-family for sale 103 days
$45K price drop
80 homes bought nearby with Movoto recently

About 2727 E Montecito Ave

Property type Multi-family
Neighborhood
Year built 1959
HOA fee $0/month
Property description
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.
Listed by
Listing Agent - Aaron Carter
Listing Office - Cambridge Properties
Source: ARMLS mls logo
MLS#6987955 • last updated 1 week ago
Movoto checked ARMLS for data 6 minutes ago
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Overview
Cooling/AC Electric, Individual, 2 Or More Units
Heating Individual, 2 Or More Units, Electric
MLS # 6987955
Type Multiple Dwellings
Status Active
Property Tax 2389
Year Built 1959
Interior
Flooring Ceramic Tile, Vinyl, Wood
Appliances Built-In Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
Exterior
Roof Composition
Construction Painted, Block
Parking 1 Space/Unit
# of Covered Spaces 3
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Subdivision BROWN TERRACE
Community Features Barbecue, No Pool
Elementary School Madison Camelview Elementary
Elementary School District Madison Elementary District
Middle School Madison Park School
High School District Phoenix Union High School District
High School Camelback High School
APN 163-08-070
Zoning Multi
Directions Head North On N 28th Street (0.3 Mi). Head West Onto E Montecito Avenue (240 Ft). Property Is On South Side Of Street.
Multifamily Details
Total # of Units 3
Expense: Operating 14761
Financial Data Source Owner
Expense: Maintenance 719
Expense: Insurance 2747
Net Operating Income 39838
Gross Income 54600
Expense: Other 3247
Expense: Water/Sewer 3364
Gross Scheduled Income 54600
Expense: Gardener 2295
Lot/ Land Details
Road Surface Concrete, Asphalt
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4/10
Madison Camelview Elementary School
public Grades PK, K-4
Madison Elementary District
4/10
Madison Park School
public Grades PK, 5-8
Madison Elementary District
2/10
Camelback High School
public Grades 9-12
Phoenix Union High School District
8/10
Phoenix Coding Academy
public Grades 9-12
Phoenix Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

Around Camelback East

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Walk
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Family
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Dining
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  • Real Estate
  • AZ
  • Maricopa County
  • Phoenix
  • 85016
  • 2727 E Montecito Ave

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