806 E MONTECITO Avenue, Phoenix, AZ 85014
$705,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$705,000
List Date:
1/10/2025
Last Modified:
3/13/2025
Description
Triplex Opportunity in Central Phoenix - Turnkey and Updated! This is an ideal investment with each unit already rented out at market price. Also perfect for multi-generational living and within the FHA loan limit! Each unit is designed to provide privacy and comfort featuring separate entrances, private outdoor spaces, parking, and private laundry for each unit. One 2 bed/1 bath unit and two 1 bed/1 bath units. Smaller units updated in 2021 including floors, bathrooms, light electrical, and countertops. Largest unit updated 2024 with new HVAC, ductwork, flooring, kitchen cabinets/counters, bathroom remodel, electrical panel and more. New roofs on both units 2023. Whether you're looking to expand your portfolio, or live in one unit while renting out the others, this is not one to miss!
More Information MLS# 6800733
Contract Info
Current Price: $705,000
Sold Price: $705,000
Status: Closed
List Date: 2025-01-06
Ownership: Fee Simple
Location Tax Legal
House Number: 806
Compass: E
Street Name: MONTECITO
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Zip4: 4316
County Code: Maricopa
Subdivision: CAROLYN PLACE
Assessor Number: 155-19-031
Tax Year: 2024
General Property Description
Lot Size Dimensions: 9095SF
Year Built: 1971
Uncvrd Parking Spcs: 4
Total # of Units: 3
# of Buildings: 2
Zoning: R-4
Flood Zone: No
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District
Jr. High School: Osborn Middle School
High School: North High School
Remarks Misc
Cross Street: 7th Street and Indian School
Directions: From I-10, exit 7th st, head north and turn east on Montecito Ave, home on the north side of the road.
Geo Lat: 33.499358
Geo Lon: -112.063097
Status Change Info
Off Market Date: 2025-01-31
Under Contract Date: 2025-01-27
Close of Escrow Date: 2025-03-11
Sold Price: $705,000
Legal Info
Township: 2N
Range: 3E
Section: 21
Lot Number: 36
Income Expenses
Gross Annual Sch Inc: 53040
Net Operating Income: 53040
Showing Notification Methods
Showing Service: No Showing Service Used
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 1260
Avg SqFt: 611
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1900
Avg SqFt: 867
# Baths: 1
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Tri-Plex
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Concrete; Vinyl
Sale Includes: Land & Building
Payment Includes: Principal; Interest; Taxes; Insurance
Community Features: No Pool
Interior Amenities: Mini Blinds
Appliances Included: Free-Standing Range; Refrigerator; Washer/Dryer
Heating: Individual; Central; Heat Pump
Cooling: Individual; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: Carport; On Street; Paved
Owner Pays: Landscaping
Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV
Source of Fincl Data: Other (See Remarks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: Supra
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; VA; FHA; Conventional; 1031 Exchange
Environmental: None
Listing Office: eXp Realty
Last Updated: March - 13 - 2025
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