$635,000
UNDER CONTRACT

Estimated payment $3,468/month

Total Views 1,362
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Heated Community Pool
  • Community Playground
  • Heating Available
  • Cooling Available

About This Home

Monte Cristo Ave 4 Units is part of a portfolio sale. This presents a rare opportunity to acquire two fourplexes with identical 2 bed/2 bath layouts, located in a quiet, well maintained North Phoenix neighborhood, offering streamlined and cost effective management. Each unit is individually metered and enjoys access to a gated community, grass common areas, and shared community pool. Ideally positioned near Paradise Valley Community College, Bell Road retail corridor, and major employment hubs along Loop 101 and SR-51. With current rent well below market, a new owner has a clear path to boost cash flow through rental increases and capitalize on the area's continued growth. Other address: 2822 E Kathleen Rd.

Listing Agent

Zachary Coty

Compass License #SA697361000 Listed on: 07/30/2025

Compass

Co-Listing Agent

Adam Bowman

Compass License #SA652392000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,376

Year Built

  • Built in 1982

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • Carport
  • Over 1 Space Per Unit
  • Paved Parking

Schools

  • Pinnacle High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 43
  • Assessor Parcel Number 214-39-071

Community Details

Overview

  • 4 Units
  • Building Dimensions are 6050 SF
  • Greenway Manor Subdivision

Recreation

  • Community Playground
  • Heated Community Pool

Building Details

  • Operating Expense $16,376
  • Gross Income $68,676
  • Net Operating Income $54,424

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,376

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Cross Street: 29th Street & Greenway
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: [PAD-13]
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1982
  • Tax Year: 2024
  • Directions: East on Greenway Road, Left on 29th Street, North to complex entrance
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: laun001
  • Co List Office Phone: 480-776-1555
  • Subdivision Name: GREENWAY MANOR
  • Community Features Play Area: Yes
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances: Refrigerator, See Remarks, Built-In Electric Oven, Washer/Dryer
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Community Features:Pool2: Yes
  • Appliances Included:Built-In Electric Oven: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: See Remarks
  • Roof: Other

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved, Add'l Parking Avail, >1 Space Per Unit, Carport
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking Features:Carport: Yes
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Electric: APS, SRP
  • Cooling: Other, Individual
  • Heating: Other
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Other
  • Main Cooling Other: Yes

Condo/Co-op/Association

  • Community Features: Play Area, Pool

Fee Information

  • Annual Water Sewer Expense: 3600.0

Schools

  • High School: Pinnacle High School
  • Junior High Dist: Paradise Valley Unified District

Lot Info

  • Lot Size: 6050 SF
  • Additional Parcels: No
  • Parcel #: 214-39-071

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 68676.0
  • Insurance Expense: 1900.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 54424.0
  • Annual Operating Expense: 16376.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1376.0
  • Tax Book Number: 214.00
  • Tax Lot: 43

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,376 $13,828 -- --
2024 $1,348 $13,170 -- --
2023 $1,348 $39,150 $7,830 $31,320
2022 $1,334 $26,900 $5,380 $21,520
2021 $1,338 $23,060 $4,610 $18,450
2020 $1,297 $20,370 $4,070 $16,300
2019 $1,298 $17,980 $3,590 $14,390
2018 $1,256 $15,800 $3,160 $12,640
2017 $1,204 $14,910 $2,980 $11,930
2016 $1,184 $13,360 $2,670 $10,690
2015 $1,096 $12,530 $2,500 $10,030
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2025 07/30/25 For Sale $635,000 +273.5% --
08/03/2015 08/03/15 Sold $170,000 0.0% $47 / Sq Ft
06/21/2015 06/21/15 Pending -- -- --
06/18/2015 06/18/15 For Sale $170,000 -- $47 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Cash Sale Deed $170,000 First American Title Ins Co
Cash Sale Deed $103,000 Fidelity Natl Title Ins Co
Warranty Deed $380,000 --
Special Warranty Deed $17,300,000 --
Special Warranty Deed $12,100,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $291,840 Purchase Money Mortgage
Previous Owner $13,125,000 Commercial
Previous Owner $11,257,450 Commercial
Closed $50,000 No Value Available
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6898938

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-39-071