2727 E MONTECITO Avenue Phoenix, AZ $ 1,000,000
2727 E MONTECITO Avenue
$ 1,000,000
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2727 E MONTECITO Avenue

Phoenix, AZ, 85016
$ 1,000,000
Baths0.0

Monthly Estimate*

$ 6,157

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $1,000,000. This home was built in 1959.

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.

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Multi-Family Active

Price

$ 1,000,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,389

Style

Multiple Dwellings

Year Built

1959

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6987955

Features
General
Sewer Public Sewer
Heating Individual 2 or More Units Electric
Cooling Electric Individual 2 or More Units
Roof Composition
Zoning multi
Construction Materials Painted Block
Year Built 1959
Electric SRP Individual Meter
Township 2N
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 54600.0
Community Features Barbecue No Pool
County Maricopa
Net Operating Income 39838.0
Operating Expense 14761.0
Insurance Expense 2747.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
MaintenanceExpense 719.0
Subdivision Name BROWN TERRACE
Garage Y/N Y
Status Active
Directions Head north on N 28th Street (0.3 mi). Head west onto E Montecito Avenue (240 ft). Property is on south side of street.
High School Camelback High School
City Phoenix
Disclosures Seller Prop Disc Stm
High School District Phoenix Union High School District
Open Parking Spaces 0.0
Number Of Units Total 3
Carport Y/N N
Elementary School Madison Camelview Elementary
Tax Annual Amount 2389.0
Middle/Junior High School Madison Park School
Water Sewer Expense 3364.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Elementary School District Madison Elementary District
Tax Lot 5
Cap Rate 3.98
New Financing: Conventional True
Senior Community N
New Financing: Cash True
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Interior
Flooring Ceramic Tile Vinyl Wood
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Exterior
Parking Features 1 Space/Unit
Water Source City Franchise
Total Parking 3.0
Number of Buildings 1
Spa N
Lot Dimensions 8476
Road Surface Type Concrete Asphalt
Covered Spaces 3.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 2727
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* Excluded Features
List By
Cambridge Properties

Broker

aaron@cartermosiergroup.com

Email

Affordability Calculator

$6,356
Per Month
97%
3%
0%
Monthly Principal & Interest
$6,157
Monthly Property Taxes
$199
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4327000 Elementary School
4327383 Middle School
Camelback High School High School
Pricing History
DatePricePrice ChangeDescription
2/21/2026$1,000,000 Listed Price

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2727 E MONTECITO Avenue, Phoenix, AZ, 85016 is a Multi-Family Home for sale at $1,000,000. 2727 E MONTECITO Avenue is a studio with 0.0 baths and was built in 1959. The property's zip code is 85016 which is in Phoenix, AZ