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    3539 E Montecito Avenue , Ofc

    Phoenix, AZ 85018
    • $1,095,000
    • STATUS: Active Under Contract
    • ON SITE: 17 days
    • MLS #: 6223123
    Under Contract
    UPDATED: 32 min ago
    $1,095,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1961
    County:
    Area:

    Description

    Diverse, lucrative, posh investment opportunity in Arcadia Lite. Located in one of the hottest neighborhoods in the Valley, this unique property features 3- 1100 ft2 units that each feel like a private cottage, perfectly situated in the heart of the city. Renters simply cannot beat the location & swoon over these well appointed homes. One unit has its own private yard & another a private patio. Benefits: Mostly renovated in 2020: Full renovation on Units 2, 3 (see pics), partial renovation on unit 1; Fully occupied, renew the yearly leases or convert property to short term vacation rentals- Tons of potential with this place! Earn a monthly income, while depreciating the asset for taxes*, while taking advantage of increasing property values in this current market.*consult your tax adviso*******Multiple offers received. Submit highest and best. Offers reviewed with seller on Saturday 4/24/21 at 12noon. Response no sooner than Saturday 9pm. Contact listing agent if writing offer- seller has language pertaining to 1031 exchange, etc. to be included Thank you.******

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    © 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Yost Realty Group at RE/MAX Casa Grande. Data last updated 2021-05-06T11:12:29.183.
    www.yosthomes.com/homes/116245277
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    3539 E Montecito Avenue , Ofc Phoenix, AZ 85018

    • Price: $1,095,000
    • Status: Active Under Contract
    • Updated: 32 min ago
    • MLS #: 6223123
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1961
    Built
    Neighborhood:
    Darleigh Manor
    County:
    Maricopa
    Area:
    Phoenix
    Elementary School:
    Creighton Elementary School
    Middle School:
    Creighton Elementary School
    High School:
    Phoenix Union Cyber High School
    School District:
    014 - Creighton Elementary District
    Property Description
    Diverse, lucrative, posh investment opportunity in Arcadia Lite. Located in one of the hottest neighborhoods in the Valley, this unique property features 3- 1100 ft2 units that each feel like a private cottage, perfectly situated in the heart of the city. Renters simply cannot beat the location & swoon over these well appointed homes. One unit has its own private yard & another a private patio. Benefits: Mostly renovated in 2020: Full renovation on Units 2, 3 (see pics), partial renovation on unit 1; Fully occupied, renew the yearly leases or convert property to short term vacation rentals- Tons of potential with this place! Earn a monthly income, while depreciating the asset for taxes*, while taking advantage of increasing property values in this current market.*consult your tax adviso*******Multiple offers received. Submit highest and best. Offers reviewed with seller on Saturday 4/24/21 at 12noon. Response no sooner than Saturday 9pm. Contact listing agent if writing offer- seller has language pertaining to 1031 exchange, etc. to be included Thank you.******
    Exterior Features

    Construction Brick Construction Finish PaintedStucco Covered Parking Spaces 3.00 Exterior Amenities Desert LandscapingFencedLandscape Wtr SystemPartially FencedPatio/BalconySecurity Light(S)Separate Storage Lot Size Dimensions 89'X133.06' Parking 1 Space/UnitAssignedCarportPaved ParkingStreet Parking Roads AlleyAsphalt Roofing Comp Shingle

    Interior Features

    1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 1100 2 Bedroom Units Baths 2 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included Bi Oven/RangeDishwasherDisposalMicrowaveRefrigeratorWasher/Dryer Cooling 2 Or More UnitsElectric RefrigeratdIndividual Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Ceramic TileVinyl/Composition Heating Ceiling Fan(S)Gas Interior Amenities Mini Blinds

    Property Features

    1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 1680.00 2 Bedroom Units 3 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 47053.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 1900.00 Annual Landscape Exp 2000.00 Annual Maint Exp 300.00 Annual Mgmt Exp 1500.00 Annual Ownr Asoc Fee 0.00 Annual Wtr Swr Exp 2000.00 Community Amenities No Pool Cross Street 36th St. & Montecito Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Srp Gas Sw Gas Gross Annual Sch Inc 47053.00 Hoa YN No Net Operating Income 47053.00 New Financing 1031 ExchangeConventional Operating Exp 10827.00 Other Income 0.00 Other Type Other (See Remarks) Owner Pays LandscapingSewerTrash CollectionWater Project Type Tri-Plex Sale Includes Land & BuildingLaundry Equipment Sewer Sewer - Public Source Of Financial Data Projected ProformaProvided By Owner Tax Municipality Maricopa - County Taxes 3127.00 Tenant Pays Cable TvElectricGas UCB Ucb (Under Contract-Backups) Vacancy Allowance 0.00 Water City Franchise Zoning R-3

    Listing courtesy of Exp Realty.


    © 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Yost Realty Group at RE/MAX Casa Grande. Data last updated 2021-05-06T11:12:29.183.
     
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    Yost Realty Group at RE/MAX Casa Grande
    317 E. Cottonwood Lane, Suite C
    Casa Grande AZ, 85122