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2727 E Montecito Ave
Phoenix, AZ 85016
Boutique Mid-Century Tri-Plex · Multifamily Property For Sale · 3 Units

Investment Highlights

  • Architectural Charm and strong tenant stability
  • Enclosed 3 Car Garages - 1 per Unit
  • Clean Expense Profile and minimal deferred maintenance

Executive Summary

Rare turn-key mid-century modern triplex in the heart of the Biltmore corridor within a lush desert landscape setting. Gated, walled courtyard creates sanctuary for this compound featuring two 2-bed/2-bath units and one spacious 1-bed/1-bath unit with delightful wood flooring. Unit 1 features a private large patio Enclosed 3-car garage with assigned spaces and private storage, plus shared on-site laundry. Owner pays water/sewer; tenants pay electric. Recent capital improvements and transferable termite warranty. Proximity to Sprouts, Starbucks, dining and breweries. Boutique multifamily asset in one of Phoenix's strongest rental corridors with long-term appreciation appeal.
*Do not disturb tenants. Drive-by only. All showings subject to accepted contract. Buyer to verify all facts and figures. *Each unit has a separate water heater, storage closet and garage space. *Seller is also offering other renovated triplex and fourplex assets in Central Phoenix & Scottsdale *Contact Listing Agent for full offering summary, financials, rent rolls, and capital improvement details.

Property Facts

Price Per Unit $310,000
Sale Type Investment
Cap Rate 3.98%
No. Units 3
Property Type
Multifamily
  • Multifamily Apartments
Building Size 2,750 SF
No. Stories 1
Year Built/Renovated 1959/2017
Zoning R-3 - Multiple Family Residence (Detached SF 5 To 6.5 Or 12 W/Bonus) (Attached 14.5 To 15.23 Or 17.4 W/Bonus)

Amenities

Site Amenities

  • Storage Space

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 1 - -
2+2 2 - -

Property Taxes

Property Taxes

Parcel Number
163-08-070
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$18,335
  • Listing ID: 39749703

  • Date on Market: 3/12/2026

  • Last Updated:

  • Address: 2727 E Montecito Ave, Phoenix, AZ 85016

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