3526 E Montecito Avenue, Phoenix, AZ 85018

$2,700,000
List Price
$2,700,000
Days on Market
64
Status
ACTIVE
MLS#
6470591
City
Phoenix
Lot Size
8
Subdivision
Darleigh Manor
Year Built
1958

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.

Additional Information

Construction
Block
Cooling
Ceiling Fan(s), Individual
Electric
City Electric, Individual Meter
Exterior Amenities
Desert Landscaping, Landscape Wtr System, Partially Fenced
Finish
Painted
Floors
Vinyl
Gas
Individual Meter
Guest House SqFt
16
Heating
Individual
Interior Amenities
Fire/Smoke Alarm(s), Mini Blinds, Unfurnished
Lot Size
8
New Financing
Conventional
Parking
1 Space/Unit, Carport, Street Parking
Project Type
5 - 12 Units
Roofing
Comp Shingle
Sewer
Sewer - Public
Subdivision
Darleigh Manor
Taxes
$4,542
Tenant Pays
Cable TV, Electric
Units
8
Water
City Franchise
Zoning
R-3

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of ABI Multifamily.

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