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2727 E Montecito Ave - Boutique Mid-Century Tri-Plex 3 Unit Apartment Building Offered at $1,274,481 CAD at a 3.98% Cap Rate Phoenix, AZ 85016
Investment Highlights
- Architectural Charm and strong tenant stability
- Enclosed 3 Car Garages - 1 per Unit
- Clean Expense Profile and minimal deferred maintenance
Executive Summary
Rare turn-key mid-century modern triplex in the heart of the Biltmore corridor within a lush desert landscape setting. Gated, walled courtyard creates sanctuary for this compound featuring two 2-bed/2-bath units and one spacious 1-bed/1-bath unit with delightful wood flooring. Unit 1 features a private large patio Enclosed 3-car garage with assigned spaces and private storage, plus shared on-site laundry. Owner pays water/sewer; tenants pay electric. Recent capital improvements and transferable termite warranty. Proximity to Sprouts, Starbucks, dining and breweries. Boutique multifamily asset in one of Phoenix's strongest rental corridors with long-term appreciation appeal.
*Do not disturb tenants. Drive-by only. All showings subject to accepted contract. Buyer to verify all facts and figures. *Each unit has a separate water heater, storage closet and garage space. *Seller is also offering other renovated triplex and fourplex assets in Central Phoenix & Scottsdale *Contact Listing Agent for full offering summary, financials, rent rolls, and capital improvement details.
*Do not disturb tenants. Drive-by only. All showings subject to accepted contract. Buyer to verify all facts and figures. *Each unit has a separate water heater, storage closet and garage space. *Seller is also offering other renovated triplex and fourplex assets in Central Phoenix & Scottsdale *Contact Listing Agent for full offering summary, financials, rent rolls, and capital improvement details.
Property Facts
Amenities
Site Amenities
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+2 | 2 | - | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 163-08-070 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $25,278 CAD |
Property Taxes
Parcel Number
163-08-070
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$25,278 CAD
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2727 E Montecito Ave - Boutique Mid-Century Tri-Plex
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