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822 E Montecito Ave, Phoenix, AZ 85014 822 E Montecito Ave 4 Unit Apartment Building $995,000 ($248,750/Unit) 4.95% Cap Rate Phoenix, AZ 85014
Executive Summary
Welcome to 822 East Montecito Avenue, Phoenix, AZ 85014! This beautifully maintained four-plex offers a fantastic investment opportunity with a mix of two spacious 2-bedroom, 1-bath units and two large 1-bedroom, 1-bath units. Each unit features large private backyards, perfect for outdoor relaxation or entertaining. Enjoy the convenience of full-sized laundry facilities in each unit, along with a host of modern upgrades and amenities designed to enhance comfort and style. Whether you're looking for a stable income property or a home for yourself, this four-plex delivers both charm and convenience in a prime Phoenix location. Don't miss out on this exceptional opportunity! Tenant occupied. Please do not disturb.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$61,620
|
$28.01
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$1,232
|
$0.56
|
| Effective Gross Income |
$60,388
|
$27.45
|
| Taxes |
$3,178
|
$1.44
|
| Operating Expenses |
$7,954
|
$3.62
|
| Total Expenses |
$11,132
|
$5.06
|
| Net Operating Income |
$49,256
|
$22.39
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $61,620 |
| Annual Per SF | $28.01 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $1,232 |
| Annual Per SF | $0.56 |
| Effective Gross Income | |
|---|---|
| Annual | $60,388 |
| Annual Per SF | $27.45 |
| Taxes | |
|---|---|
| Annual | $3,178 |
| Annual Per SF | $1.44 |
| Operating Expenses | |
|---|---|
| Annual | $7,954 |
| Annual Per SF | $3.62 |
| Total Expenses | |
|---|---|
| Annual | $11,132 |
| Annual Per SF | $5.06 |
| Net Operating Income | |
|---|---|
| Annual | $49,256 |
| Annual Per SF | $22.39 |
Property Facts
| Price | $995,000 | Building Class | C |
| Price Per Unit | $248,750 | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 2,200 SF |
| Cap Rate | 4.95% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1958/2019 |
| Property Subtype | Apartment | Parking Ratio | 1.82/1,000 SF |
| Zoning | M-M | ||
| Price | $995,000 |
| Price Per Unit | $248,750 |
| Sale Type | Investment |
| Cap Rate | 4.95% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 2,200 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1958/2019 |
| Parking Ratio | 1.82/1,000 SF |
| Zoning | M-M |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Tile Floors
- Refrigerator
- Oven
- Range
- Yard
- Patio
- Window Coverings
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+2 | 1 | - | - |
| 2+1 | 1 | - | - |
1 1
Bike Score®
Very Bikeable (87)
Property Taxes
| Parcel Number | 155-19-034 | Total Assessment | $24,476 |
| Land Assessment | $0 | Annual Taxes | $3,178 ($1.44/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
Property Taxes
Parcel Number
155-19-034
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$24,476
Annual Taxes
$3,178 ($1.44/SF)
Tax Year
2025
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822 E Montecito Ave, Phoenix, AZ 85014 | 822 E Montecito Ave
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