1605 E MONTEBELLO Avenue, Phoenix, AZ 85016
1605 E MONTEBELLO Avenue, Phoenix, AZ 85016
1605 E MONTEBELLO Avenue, Phoenix, AZ 85016
1605 E MONTEBELLO Avenue, Phoenix, AZ 85016
1605 E MONTEBELLO Avenue, Phoenix, AZ 85016
1605 E MONTEBELLO Avenue, Phoenix, AZ 85016
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$ 2,500,000
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$ 2,500,000
Est. payment | /mo
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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 6973902

Year Built 1961

Annual Tax Amount $5,574

Tax Year 2025

Lot Dimensions 137' x 140'

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

Exceptional opportunity to acquire a fully remodeled 9-unit multifamily asset in one of Phoenix's most desirable rental corridors. Located just minutes from the Biltmore area, this stabilized property offers immediate cash flow with 100% occupancy and strong long-term appreciation upside.

Each unit has been thoughtfully renovated, appealing to today's renter demand while minimizing future capital expenditures. The property is professionally maintained and positioned in a high-demand submarket with consistent rental growth.

This is a rare chance to own a turnkey, stabilized multifamily property in a core Phoenix location with strong demographics and proven rental demand. Ideal for investors seeking a low-maintenance asset in a premier submarket.

Location

State AZ

County Maricopa

Area Maricopa

Zoning RES

Direction Head south onto N 16th St to property. Property will be on the left after E Montebello Ave.

Interior

Cooling Ceiling Fan(s)

Flooring Flooring

Appliance Built-In Range, Dishwasher, Refrigerator, Microwave, Washer/Dryer

Exterior

Parking Features 1 Space/Unit

Community Features No Pool

Roof Type Composition

Private Pool No

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

Elementary Schools Madison Rose Lane School

Middle Schools Madison #1 Elementary School

High Schools North High School

School District Phoenix Union High School District

Others

Senior Community No

Tax ID 164-51-057-A

Acceptable Financing Conventional

Disclosures None

Listing Terms Conventional

Arizona Regional MLS (ARMLS)
Listed by My Home Group Real Estate • Silvia Del Toro Ochoa

Nearby Locations

Tony Vejar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(602) 361-5867

tony@luxuryazliving.com

16165 N 83rd Ave, Ste 200, Glendale, AZ, 85308, USA

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1605 E MONTEBELLO Avenue