720 E Montecito Avenue, Phoenix, AZ 85014
- $1,000,000
- Sold Price
- $1,000,000
- List Price
- $1,025,000
- Closing Date
- Dec 30, 2024
- Days on Market
- 197
- Status
- CLOSED
- MLS#
- 6714468
- City
- Phoenix
- Subdivision
- Carolyn Place Lot 1-9, 46-54
- Year Built
- 1955
Property Description
Montecito is a 4-unit apartment community located in the Midtown Phoenix Submarket. Built in 1955, the asset has been extensively renovated over the past few years and features (3) 2+1 units and (1) 1+1 unit . Current ownership has successfully run short-term rentals on 3 of the 4 units through Air BnB. New ownership will have the opportunity to take over the 3 units furnished and continue the current operation or run as a traditional apartment building. Significant capital is being invested in the immediate area with the addition of Fate Brewery and several new townhome developments around the corner. The property also sits in close proximity to Carl T Hayden VA Hospital, Brophy & Xavier Prep Schools, and provides easy access to Midtown & Downtown Phoenix. CONTACT AGENT FOR COPY OF OM
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Additional Information
- School District
- Phoenix Union High School District
- Community Features
- No Pool
- Construction
- Stucco, Block
- Cooling
- Individual
- Electric
- APS
- Flooring
- Vinyl
- Heating
- Individual
- New Financing
- Conventional
- Parking Features
- Other
- Roofing
- Composition
- Sewer
- Public Sewer
- Subdivision
- Carolyn Place Lot 1-9, 46-54
- Taxes
- $2,798
- Tax Year
- 2023
- Units
- 4
- Water
- Master Meter, City Franchise
- Zoning
- R-4
Courtesy of Matthews Real Estate Investment Services. 310-388-0788 Selling Office: HomeSmart.
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