ABI Multifamily is pleased to announce the availability of Montebello East Apartments, a seven-unit apartment building attached with a vacant R-3 lot. The property sits in the heart of Central Phoenix at 920 East Montebello Avenue, Phoenix, AZ 85014.
The property is a single-story apartment with a mid-century modern design and classic block construction. This is a secluded infill apartment community that provides its tenants a safe and quiet living atmosphere and gives a sense of privacy. This opportunity also includes the vacant lot adjacent to the property, currently used as parking for tenants. The lot is zoned R-3, which allows for an opportunity to build three additional units!
The property is located along 7th Street, which is nationally recognized for its popular Fox Restaurant Concepts, as well as its urban vibe. Being that this property is located centrally in Phoenix, it gives residents easy access to all major subdivisions including Scottsdale, Tempe, and Downtown Phoenix. East Montebello Apartments is just minutes from the Midtown Phoenix light rail, Camelback Corridor, and The Biltmore.
This infill location, and the surrounding residential neighborhood, is in high demand due to the current low inventory of multifamily apartments. The property is located within the highly rated Madison School District and is walking distance to the Uptown Plaza. These apartments have the rare ability to be converted into a highly desired Airbnb.
Drive by sale only, please do not disturb tenants.
