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Sold on 04/15/2023

3526 E Montecito Ave, Phoenix, AZ 85018

  • $2,772,500

    Last sold 04/15/2023 after 198 Days

  • 16

    bed

  • 8

    bath

Multi-family not for sale
80 homes bought nearby with Movoto recently

About 3526 E Montecito Ave

Property type Multi-family
Neighborhood
Year built 1958
HOA fee $0/month
Property description
3526 East Montecito Avenue was originally built in 1958, renovated in 2018 and is of block construction. This garden-style property has a solid unit mix that features (8) spacious 2 bedroom / 1 bathroom apartments. The most recent capital expenditures at the property include; a full interior renovation that includes stainless steel appliances, white shaker cabinets, backsplash, countertops and more. The exterior has been renovated and features; vibrant desert landscaping, the installation of private front patios and private backyards. Each unit has a full-sized stackable washer and dryer and the property is individually metered for electricity. Given the location of this rarely available apartment community, there is room for investors to maximize rental increase potential.
Listed by
Listing Agent - Dallin J Hammond
Listing Office - ABI Multifamily
Source: ARMLS mls logo
MLS#6470591 • last updated 1 year ago
Movoto checked ARMLS for data 10 minutes ago
Overview
Cooling/AC Ceiling Fan(s), Individual
Heating Individual
MLS # 6470591
Type Multiple Dwellings
Status Closed
Property Tax 4542
Year Built 1958
Interior
Flooring Vinyl
Appliances Free-Standing Range, Dishwasher, Refrigerator, Microwave, Washer/Dryer, W/D Hookup
Exterior
Roof Composition
Construction Painted, Block
Parking 1 Space/Unit, On Street, Carport
# of Open Parking Spaces 8
# of Covered Spaces 8
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Subdivision DARLEIGH MANOR
Community Features No Pool
Elementary School District Creighton Elementary District
High School District Phoenix Union High School District
APN 170-27-121-A
Zoning R-3
Multifamily Details
Total # of Units 8
Expense: Operating 4542
Financial Data Source Projected Proforma
Vacancy Allowance 0.05
Net Operating Income 125848
Gross Income 164664.45
Gross Scheduled Income 167995
We are not permitted to show value estimates for this property.
  • Feb 2023
    mls logo MLS # 6470591
  • Feb 16, 2023 Sold
    $2,272,500 (-15.8%)
  • Jan 16, 2023 Pending
    —
  • Sep 29, 2022 Listed
    $2,700,000
  • 3526 E Montecito Ave
    $2.77M
  • Arcadia Lite
    —
  • 85018
    $1.15M -23% y/y
  • Phoenix
    $474K -1% y/y
No chart available
Statistics calculated by Movoto

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5/10
Biltmore Preparatory Academy
public Grades K-8
Creighton 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.

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  • AZ
  • Maricopa County
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  • 3526 E Montecito Ave
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