Movoto Real Estate
Sold on 05/26/2023

3623 E Montecito Ave, Phoenix, AZ 85018

  • $850,000

    Last sold 05/26/2023 after 55 Days

  • 5

    bed

  • 6

    bath

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

About 3623 E Montecito Ave

Property type Multi-family
Neighborhood
Year built 1962
HOA fee $0/month
Property description
Rare opportunity in the coveted Arcadia neighborhood and offered for the first time in over a decade, this value add mid-century modern Duplex is a rare find. With 3 bedrooms and 2 bathrooms in one unit and 2 bedrooms and 2 bathrooms in the other, this property offers plenty of space for comfortable living. The entrance from the well-maintained alley off 36th St leads to two covered parking spaces for added convenience. Each unit has a side entrance and sliding glass doors that lead to your own private backyard with lush green grass, perfect for enjoying some downtime in the fresh air. With separate water heaters and meters, as well as their own laundry rooms. Ideal for investors looking to reap high returns or new homeowners seeking a great house hack option. The 2 bed/ 2 bath unit is getting ready to be rented out, while the 3 bed/ 2 bath has been left vacant to allow for the new owner to do with it as they wish.
Listed by
Listing Agent - Mark St. Peter
Listing Office - The Brokery
Source: ARMLS mls logo
MLS#6544722 • last updated 3 months ago
Movoto checked ARMLS for data 4 minutes ago
Overview
Cooling/AC Electric
Heating Natural Gas
MLS # 6544722
Type Multiple Dwellings
Status Closed
Property Tax 2574
Year Built 1962
Interior
Flooring Other, Vinyl
Appliances Free-Standing Range, Dishwasher
Exterior
Roof Composition
Construction Steel Frame, Wood Frame, Painted
Parking Carport
# of Covered Spaces 2
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Subdivision PASADENA MANOR
Community Features No Pool
Elementary School District Creighton Elementary District
High School District Phoenix Union High School District
APN 170-26-030-B
Zoning M-M MULTI-FAMIL
Directions Travel Down Either 36th Or 38th Turn On E Montecito Ave
Multifamily Details
Total # of Units 2
Expense: Operating 9586.19
Financial Data Source Unknown
Expense: Maintenance 2968.83
Expense: Insurance 2631.2
Net Operating Income 33613.82
Gross Income 43200
Expense: Water/Sewer 1412.16
Gross Scheduled Income 43200
Lot/ Land Details
Road Surface Asphalt
We are not permitted to show value estimates for this property.
  • May 2023
    mls logo MLS # 6544722
  • May 26, 2023 Sold
    $850,000
  • May 2, 2023 Pending
  • Apr 19, 2023 Listed
    $850,000
  • 3623 E Montecito Ave
    $850K
  • Arcadia Lite
  • 85018
    $1.15M -27% y/y
  • Phoenix
    $474K -2% y/y
No chart available
Statistics calculated by Movoto

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5/10
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Source: GreatSchools.org © 2026. All rights reserved.

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