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3540 E Montecito Ave
Phoenix, AZ 85018
Arcadia Lite Value-Add 4 · Multifamily Property For Sale
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4 Units
Investment Highlights
- Arcadia Lite A+ Location for this well-maintained 4plex. Highly sought after 85018 zip code.
- Value-Add, but with stabilized rents and many recent upgrades. Extremely clean and well-preserved complex.
- Long-term local owner that has clear pride of ownership. STR income ceiling would be through the roof!
- Offered with 3513 N. Paiute Way (Scottsdale 4 for $1,560,000) as a package for $3m. Buy one or buy both.
- Seller Financing may be considered, but not required.
Property Facts
| No. Units | 4 | Building Size | 2,700 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built/Renovated | 1959/2021 |
| Building Class | B | Parking Ratio | 2.22/1,000 SF |
| Lot Size | 0.27 AC | ||
| Zoning | R-3 - Median density multi-family. | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.27 AC |
| Building Size | 2,700 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1959/2021 |
| Parking Ratio | 2.22/1,000 SF |
| Zoning | R-3 - Median density multi-family. |
Amenities
Unit Amenities
- Air Conditioning
- Disposal
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Refrigerator
- Oven
- Yard
- Window Coverings
Site Amenities
- Courtyard
- Fenced Lot
- Laundry Facilities
- Vintage Building
- Zen Garden
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $1,379 | 600 |
| 2+1 | 1 | $1,529 | 875 |
Property Taxes
| Parcel Number | 170-27-123 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $24,727 |
Property Taxes
Parcel Number
170-27-123
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$24,727
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