1605 E Montebello Ave Phoenix, AZ 85016
Camelback East Village NeighborhoodEstimated payment $13,447/month
Highlights
- Cooling Available
- Ceiling Fan
- 2-minute walk to Solano Park
- Phoenix Coding Academy Rated A
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,574
Year Built
- Built in 1961
Home Design
- Composition Roof
- Block Exterior
Parking
- 8 Parking Spaces
- 8 Covered Spaces
Schools
- Madison Rose Lane Elementary School
- Madison #1 Elementary Middle School
- North High School
Additional Features
- Ceiling Fan
- Cooling Available
Listing and Financial Details
- Tax Lot 164-51-057-A
- Assessor Parcel Number 164-51-057-A
Community Details
Overview
- 3 Buildings
- 9 Units
- Building Dimensions are 137' x 140'
Building Details
- Operating Expense $5,574
- Gross Income $180,000
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/23/2026 01/23/26 | For Sale | $2,500,000 | -- | -- |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6973902
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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