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Sold on 03/29/2019

2831 E Monte Cristo Ave, Phoenix, AZ 85032

$292,000

Last sold 03/29/2019 after 44 Days

  • 8

    bed

  • 4

    bath

Multi-family not for sale
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About 2831 E Monte Cristo Ave

Property type Multi-family
Neighborhood
Year built 1982
HOA fee $0/month
Property description
This 4 plex investment opportunity is is located in the community of Palomino Point. There are 4, 2 bedroom 2 bathroom units. This is a Gated Community with private streets. Each unit has their own Washer and Dryer hook ups, Patio or Balcony, and 1 assigned covered parking space. The building is currently producing: $32,100 per annum. The HOA covers the Water, Sewer, Garbage, Common Area Maintenance, Pool and Street Maintenance. Easy access to the 51 freeway, Close to Shopping, Parks, and Schools (Palomino School is across the street) DRIVE BY ONLY...DO NOT DISTURB TENANTS.
Listed by
Listing Agent - Joseph C Hallatt
Listing Office - Cambridge Properties
Source: ARMLS mls logo
MLS#5882875 • last updated 1 year ago
Movoto checked ARMLS for data 5 minutes ago
Overview
Cooling/AC Central Air
Heating Electric
MLS # 5882875
Type Multiple Dwellings
Status Closed
Property Tax 1267
Year Built 1982
Interior
Flooring Carpet, Vinyl
Appliances Free-Standing Range, Dishwasher, Refrigerator, Washer/Dryer, W/D Hookup
Exterior
Roof Built-Up
Construction Wood Frame, Painted, Stucco
Parking 1 Space/Unit, Carport
# of Open Parking Spaces 2
# 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 Pool
Elementary School Palomino Primary School
Elementary School District Paradise Valley Unified District
Middle School Greenway Middle School
High School District Paradise Valley Unified District
High School Paradise Valley High School
APN 214-39-034
Zoning PAD-13
Directions From Greenway And 29th St. Head North To Palomino Point Complex. Enter The Complex Heading West At The Stop Sign Turn Right Then Right Again At Monte Cristo Ave (1st Street On Left) To Bldg. 6
Multifamily Details
Total # of Units 4
Expense: Operating 12997
Financial Data Source Owner, Other (See Remarks)
Vacancy Allowance 0.03
Expense: Insurance 1300
Net Operating Income 17450
Gross Income 31137
Expense: Professional Management 2690
Gross Scheduled Income 32100
We are not permitted to show value estimates for this property.
  • Mar 2021
    mls logo MLS # 5882875
  • Mar 31, 2021 Sold
    $292,000 (-1.0%)
  • Mar 31, 2021 Price Change
    $295,000 (+34.1%)
  • Feb 13, 2019 Listed
    —
  • Jan 2018
    mls logo MLS # 5685977
  • Jan 15, 2018 Sold
    $220,000 (-2.2%)
  • Nov 9, 2017 Listed
    $224,900 (+24.9%)
  • Jun 2016
    mls logo MLS # 5426415
  • Jun 28, 2016 Sold
    $180,000 (-4.5%)
  • Apr 11, 2016 Listed
    $188,500 (+45.6%)
  • Dec 2012
    mls logo MLS # 4820394
  • Dec 18, 2012 Sold
    $129,500 (-6.8%)
  • Sep 17, 2012 Listed
    $139,000
  • Year Property taxes Tax assessment
  • 2024
    $1,388 +2.1%
    $44,800 -13.09%
  • 2023
    $1,359 +1.0%
    $51,550 +30.44%
  • 2022
    $1,346 -0.3%
    $39,520 +45.56%
  • 2021
    $1,350 +3.2%
    $27,150 +16.42%
  • 2020
    $1,308 -0.1%
    $23,320 +13.15%
  • 2019
    $1,310 +3.4%
    $20,610 +13.68%
  • 2018
    $1,267 +4.3%
    $18,130 +13.95%
  • 2017
    $1,214 +1.7%
    $15,910 +6.07%
  • 2016
    $1,194 +8.0%
    $15,000
  • 2015
    $1,106
    —
  • 2831 E Monte Cristo Ave
    $292K
  • 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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