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Sold on 01/18/2021

3624 E Montecito Ave, Phoenix, AZ 85018

  • $767,500

    Last sold 01/18/2021 after 90 Days

  • 6

    bed

  • 3

    bath

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

About 3624 E Montecito Ave

Property type Multi-family
Neighborhood
Year built 1961
HOA fee $0/month
Property description
Excellent Opportunity to own a cash flowing asset in the heart of Arcadia. This triplex has undergone significant capital improvements, including a new roof, new A/C units, new electrical wiring, new plumbing, new dual pane windows, new cosmetic upgrades to the bathrooms, vinyl floors, kitchen, stainless steel appliances, recessed lighting, private courtyard, security gates and more. Property is professionally managed with ability for new owner to take advantage of increasing the current rents. Demand for 2BED/2Bath units in this neighborhood make this property easy to limit vacancy. Do not disturb occupants
Listed by
Listing Agent - Kevin Simshauser
Listing Office - HomeSmart
Source: ARMLS mls logo
MLS#6149401 • last updated 3 months ago
Movoto checked ARMLS for data 10 minutes ago
Overview
Cooling/AC Central Air, ENERGY STAR Qualified Equipment
Heating Central, Electric, Natural Gas
MLS # 6149401
Type Multiple Dwellings
Status Closed
Property Tax 3047
Year Built 1961
Interior
Flooring Ceramic Tile, Vinyl
Appliances Built-In Range, Disposal, Dishwasher, Refrigerator, W/D Hookup
Exterior
Roof Composition
Construction Painted, Block
Parking Paved, 1 Space/Unit, On Street, Carport
# of Open Parking Spaces 3
# of Covered Spaces 3
Exterior Features Sidewalk(s)
Amenities / Utilities
Water Source Master Meter, City Franchise
Sewer/Septic Public Sewer
Location
Subdivision PASADENA MANOR
Community Features Barbecue, No Pool
Elementary School District Creighton Elementary District
High School District Scottsdale Unified District
APN 170-26-038
Zoning R-3
Multifamily Details
Total # of Units 3
Expense: Operating 3047
Financial Data Source Owner
Net Operating Income 43856
Gross Income 48600
Gross Scheduled Income 48600
Lot/ Land Details
Road Surface Concrete, Asphalt, Gravel
We are not permitted to show value estimates for this property.
  • Jan 2021
    mls logo MLS # 6149401
  • Jan 18, 2021 Sold
    $767,500 (-3.9%)
  • Jan 14, 2021 Pending
    —
  • Oct 28, 2020 Listed
    $799,000
  • 3624 E Montecito Ave
    $767K
  • Arcadia Lite
    —
  • 85018
    $1.15M -23% y/y
  • Phoenix
    $474K -1% y/y
No chart available
Statistics calculated by Movoto

Thinking of selling? Get a Cash Offer.

  • A smooth, fast sale
  • Skip staging and repairs
  • No strings attached
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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  • Real Estate
  • AZ
  • Maricopa County
  • Phoenix
  • 85018
  • Arcadia Lite
  • 3624 E Montecito Ave
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