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Sold on 10/08/2015

2808 E Monte Cristo Ave, Phoenix, AZ 85032

$572,000

Last sold 10/08/2015 for $180K

  • 8

    bed

  • 5

    bath

Multi-family not for sale
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About 2808 E Monte Cristo Ave

Property type Multi-family
Neighborhood
Year built 1982
HOA fee $0/month
Movoto estimate
Property description
Fully occupied fourplex! Great investment opportunity at this price. There is one 3-bedroom unit, two 2-bedroom units, and one 1-bedroom unit. Convenient location, near the 51 Freeway and public transportation. Services are in walking distance and elementary school is right across the street. Building has been updated & well maintained. Gated community has pool, multiple play areas and BBQ's. Each apartment has a balcony or courtyard. This is a great passive investment for those who want to put their money into an incredible cash flowing property. Please Note, roof is being re-done.
Listed by
Listing Agent - Jill Anderson
Listing Office - Russ Lyon Sotheby's International Realty
Source: ARMLS mls logo
MLS#5297631 • last updated 2 years ago
Movoto checked ARMLS for data 9 minutes ago
Overview
Cooling/AC Central Air, Ceiling Fan(s), Electric
Heating Individual, Heat Pump, Electric
MLS # 5297631
Type Multiple Dwellings
Status Closed
Property Tax 1108
Year Built 1982
Interior
Flooring Carpet, Vinyl
Appliances Free-Standing Range, Other, Disposal, Dishwasher, W/D Hookup
Exterior
Roof Foam
Construction Wood Frame, Painted, Stucco
Parking 1 Space/Unit, On Street, Carport
# of Open Parking Spaces 4
# of Covered Spaces 4
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Subdivision GREENWAY MANOR LOT 1-72 TR A-E
Community Features Barbecue, Sport Court, Play Area, Clubhouse, Pool
Elementary School Palomino Primary School
Elementary School District Paradise Valley Unified District
Middle School Greenway High School
High School District Paradise Valley Unified District
High School Paradise Valley High School
APN 214-39-067
Zoning Multi
Directions From Greenway, Go North On 29th Street, Then West Into Gate Entering Palomino Pointe Apartments, Across From Palomino Elementary School. Then Go Past The Pool Turn Left, Then Left To Building.
Multifamily Details
Total # of Units 4
Expense: Operating 12984
Financial Data Source Projected Proforma
Expense: Maintenance 1500
Vacancy Allowance 0.05
Expense: Insurance 1200
Net Operating Income 14724
Gross Income 22743
Expense: Electric 200
Expense: Professional Management 2520
Gross Scheduled Income 23940
$572K
Range: $491K-$652K
Last 30 days 
  • Aug 2020
    mls logo MLS # 5297631
  • Aug 18, 2020 Sold
    $180,000 (-16.3%)
  • Jun 18, 2015 Listed
    —
  • Feb 2018
    mls logo MLS # 5705317
  • Feb 2, 2018 Sold
    $215,000 (-2.2%)
  • Jan 6, 2018 Listed
    $219,900 (+176.6%)
  • Apr 2011
    mls logo MLS # 4496268
  • Apr 12, 2011 Sold
    $79,500 (-6.4%)
  • Nov 19, 2010 Listed
    $84,900
  • Year Property taxes Tax assessment
  • 2024
    $1,370 +2.1%
    $44,320 -12.86%
  • 2023
    $1,341 +1.0%
    $50,860 +30.41%
  • 2022
    $1,328 -0.3%
    $39,000 +45.52%
  • 2021
    $1,332 +3.2%
    $26,800 +16.88%
  • 2020
    $1,291 -0.1%
    $22,930 +13.12%
  • 2019
    $1,292 +3.4%
    $20,270 +13.11%
  • 2018
    $1,250 +4.3%
    $17,920 +13.78%
  • 2017
    $1,198 +1.7%
    $15,750 +5.92%
  • 2016
    $1,178 +8.0%
    $14,870
  • 2015
    $1,091
    —
  • 2808 E Monte Cristo Ave
    $180K
  • Paradise Valley Village
    $635K -1% y/y
  • 85032
    $454K +5% y/y
  • Phoenix
    $464K -1% 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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