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3618 E Montecito Ave, Phoenix, AZ 85018

  • $1,475,000

    •

  • 8

    bed

  • 4

    bath

Multi-family for sale 76 days
80 homes bought nearby with Movoto recently

About 3618 E Montecito Ave

Property type Multi-family
Neighborhood
Year built 1960
HOA fee $0/month
Movoto estimate
Property description
Fabulous 4-Unit apartment community located in high-demand location- Arcadia/Biltmore Neighborhood. Stable investment, no major reconstruction or lease-up needed. All units occupied & updates include all-tile flooring, dual-pane windows/doors, updated cabinets/granite counters in kitchen & baths, skylights, SS appliances, ceiling fans and much more. Each unit is a 2 Br/1.5 Ba (Jack & Jill) over 900 sf, private-fenced patio, one-reserved carport w/storage shed. Four units total 3,638 sf, plus separate workshop/storage shed of 306 sf. Community Laundry Room w/owned units - free to tenants. Well maintained by long-term owner: New Roof 2020; Sewer-line replaced 2019; New electric panel 2024. Short walk/drive to LGO & many restaurants/shopping, Fwys., airport, Scottsdale, Downtown Phx...
Listed by
Listing Agent - Dorene Longfellow
Listing Office - First Road Property Advisors, LLC
Source: ARMLS mls logo
MLS#7003754 • last updated 2 months ago
Movoto checked ARMLS for data 6 minutes ago
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Overview
Cooling/AC Ceiling Fan(s), Electric, Heat Pump, Individual, 2 Or More Units
Heating Forced Air, Individual, Electric
MLS # 7003754
Type Multiple Dwellings
Status Active
Property Tax 4073
Year Built 1960
Interior
Flooring Tile
Appliances Free-Standing Range, Disposal, Dishwasher, Refrigerator, Free-Standing Electric Oven, Microwave
Exterior
Roof Composition, Built-Up, Foam
Construction Painted, Block
Parking Detached Carport, Paved, Free, 1 Space/Unit, Carport
# of Covered Spaces 4
Exterior Features Sidewalk(s)
Amenities / Utilities
Water Source Master Meter, City Franchise
Sewer/Septic Sewer-In & Connected, Public Sewer
Location
Subdivision PASADENA MANOR
Community Features Other, See Remarks, No Pool
Elementary School Biltmore Preparatory Academy
Elementary School District Creighton Elementary District
Middle School Biltmore Preparatory Academy
High School District Phoenix Union High School District
High School Camelback High School
APN 170-26-039
Zoning R-3
Directions South To Montecito Ave. East On Montecito Ave.
Multifamily Details
Total # of Units 4
Expense: Operating 16279
Financial Data Source Owner, Tax Return, Projected Proforma
Expense: Insurance 4700
Net Operating Income 54222
Gross Income 70500
Expense: Other 1000
Expense: Water/Sewer 3256
Gross Scheduled Income 70500
Expense: Gardener 3250
Lot/ Land Details
Road Surface Asphalt
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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.

Around Arcadia Lite

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68/100
Walk
71/100
Family
93/100
Dining
97/100
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  • Real Estate
  • AZ
  • Maricopa County
  • Phoenix
  • 85018
  • Arcadia Lite
  • 3618 E Montecito Ave

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