Sold

3526 E MONTECITO Avenue

Phoenix AZ, 85018

$2,772,500


Sold

Other

Built in 1958

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.

6470591

MLS ID

September 29, 2022

Listed

March 20, 2024

Updated

Map

3526 E MONTECITO Avenue
Phoenix AZ, 85018

Interior Features

Fireplace

No


Cooling

Yes


Cooling Description

Individual, Ceiling Fan(s)


Heating

Yes


Heating Description

Individual

Exterior/Building Features

Roof

Composition


Sewer

Public Sewer

School Information

School District

Creighton Elementary District

Other Property Details

Taxes

$4,542


Tax Frequency

Annually


Days on Market

110


Garage

No


Parking

1 Space/Unit, Street Parking, Common


Parking Total

16


View

No


County

Maricopa


Water Source

City Franchise


Pool

No


Zoning

R-3


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

8/12/2023

Sold

$2,772,500

4/15/2023

Price Change

$2,772,500

2%

4/15/2023

Unknown

Courtesy of ABI Multifamily, Dallin J Hammond

Listing Contact: 602-714-1794 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Braden Cooley shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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