Listing Courtesy of: Bradley Skenderian - Matthews Real Estate Investment Services
310-388-0788
$1,100,000
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720 E MONTECITO Avenue Phoenix, AZ 85014
Multi-Family
Residence
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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
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MLS#
6714468
Property Type
Multi-Family
Year Built
1955
Sewer
Other, Public Sewer
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