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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
Property Type(s):
Multi Family
| Last Updated | 9/28/2024 | Tract | CAROLYN PLACE LOT 1-9, 46-54 |
|---|---|---|---|
| Year Built | 1955 | Community | CAROLYN PLACE LOT 1-9, 46-54 |
| County | Maricopa |
Price History
| Prior to Sep 28, '24 | $1,100,000 |
|---|---|
| Sep 28, '24 - Today | $1,025,000 |
Additional Details
| APPLIANCES | Washer/Dryer |
|---|---|
| CONSTRUCTION | Block, Stucco |
| LOT DIMENSIONS | 9,095 |
| SEWER | Public Sewer |
| SUBDIVISION | CAROLYN PLACE LOT 1-9, 46-54 |
| TAXES | 2798 |
| ZONING | R-4 |
Location
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Listed with Matthews Real Estate Investment Services
The ARMLS logo indicates a property listed by a real estate brokerage other than Joe Szabo RE/MAX Fine Properties.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Data last updated 12/18/24 7:43 AM PST.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Data last updated 12/18/24 7:43 AM PST.
This IDX solution is (c) Diverse Solutions 2024.
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