$1,475,000

3618 E Montecito Ave Phoenix, AZ 85018

Camelback East Village Neighborhood

Estimated payment $8,221/month

Total Views 172
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Patio
  • Detached Carport Space
  • Two cooling system units
  • Phoenix Coding Academy Rated A
  • Outdoor Storage
  • Ceiling Fan

About This Home

Fabulous 4-Unit apartment community located in high-demand location- Arcadia/Biltmore Neighborhood. Stable investment, no major reconstruction or lease-up needed. All units occupied & updates include all-tile flooring, dual-pane windows/doors, updated cabinets/granite counters in kitchen & baths, skylights, SS appliances, ceiling fans and much more. Each unit is a 2 Br/1.5 Ba (Jack & Jill) over 900 sf, private-fenced patio, one-reserved carport w/storage shed. Four units total 3,638 sf, plus separate workshop/storage shed of 306 sf. Community Laundry Room w/owned units - free to tenants. Well maintained by long-term owner: New Roof 2020; Sewer-line replaced 2019; New electric panel 2024. Short walk/drive to LGO & many restaurants/shopping, Fwys., airport, Scottsdale, Downtown Phx...

Listing Agent

Dorene Longfellow

First Road Property Advisors, LLC License #BR013546000 Listed on: 03/25/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,073

Year Built

  • Built in 1960

Lot Details

  • Partially Fenced Property
  • Desert Landscape

Home Design

  • Composition Roof
  • Built-Up Roof
  • Foam Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Vertical Blinds
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • Detached Carport Space
  • Parking Available
  • Free Parking
  • Paved Parking

Outdoor Features

  • Patio
  • Outdoor Storage

Schools

  • Biltmore Preparatory Academy Elementary And Middle School
  • Camelback High School

Utilities

  • Two cooling system units
  • Air Source Heat Pump
  • Natural Gas Not Available
  • Master Water Meter
  • Cable TV Available

Listing and Financial Details

  • The owner pays for water, sewer, trash collection, landscaping
  • Tax Lot 12
  • Assessor Parcel Number 170-26-039

Community Details

Overview

  • 4 Units
  • Building Dimensions are 167 x 69 - irregular-rectangle parcel
  • Pasadena Manor Subdivision

Building Details

  • Operating Expense $16,279
  • Gross Income $70,500
  • Net Operating Income $54,222

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,073

Year Built

Built in 1960

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: 36th St. & Campbell
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1960
  • Tax Year: 2025
  • Road Surface Type: Asphalt
  • Subdivision Name: PASADENA MANOR
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free-Standing Range, Refrigerator, Dishwasher, Disposal, Microwave, Free-Standing Electric Oven

Exterior Features

  • Exterior Features: Sidewalk(s)
  • Disclosures: None
  • Construction Type: Block, Painted
  • Roof: Built-Up, Composition, Foam

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Open, 1 Space/Unit, Paved, Carport, Detached Carport
  • Attached Garage: No
  • Total Parking Spaces: 4.0

Utilities

  • Electric: SRP, Submetered System
  • Cooling: Heat Pump, Electric, Varies by Unit, 2 or More Units, Ceiling Fan(s)
  • Heating: Electric, Varies by Unit, Forced Air
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise

Condo/Co-op/Association

  • Community Features: No Pool, Other, See Remarks

Fee Information

  • Annual Water Sewer Expense: 3256.0

Schools

  • Elementary School: Biltmore Preparatory Academy
  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Biltmore Preparatory Academy

Lot Info

  • Lot Size: 167 x 69 - irregular-rectangle parcel
  • Additional Parcels: No
  • Parcel #: 170-26-039

Multi Family

  • Owner Pays: Water, Sewer, Trash Collection, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 70500.0
  • Insurance Expense: 4700.0
  • Property Net Operating Income: 54222.0
  • Annual Operating Expense: 16279.0

Tax Info

  • Tax Annual Amount: 4073.0
  • Tax Book Number: 170.0
  • Tax Lot: 12

Map

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
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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 $4,073 $30,157 -- --
2024 $3,875 $28,721 -- --
2023 $3,875 $85,100 $17,020 $68,080
2022 $3,723 $64,600 $12,920 $51,680
2021 $3,814 $58,130 $11,620 $46,510
2020 $3,721 $50,880 $10,170 $40,710
2019 $3,695 $45,620 $9,120 $36,500
2018 $3,420 $39,950 $7,990 $31,960
2017 $3,284 $37,070 $7,410 $29,660
2016 $3,154 $30,430 $6,080 $24,350
2015 $2,937 $28,870 $5,770 $23,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/25/2026 03/25/26 For Sale $1,475,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed -- --
Interfamily Deed Transfer -- Stewart Title & Trust
Interfamily Deed Transfer -- Stewart Title & Trust
Interfamily Deed Transfer -- --
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 7003754

Arizona Regional Multiple Listing Service (ARMLS)

APN: 170-26-039

Arizona Maricopa County Phoenix 85018 Camelback East Village

3618 E Montecito Ave, Phoenix, AZ

For Sale

MultiFamily

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.

Arizona Regional Multiple Listing Service (ARMLS) 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

Nearby Homes
Dorene Longfellow
Listing Agent
Dorene Longfellow
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First Road Property Advisors, LLC
(602) 478-4188
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