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Loving Phoenix Team | Real Broker
720 E Montecito Avenue, Phoenix, AZ 85014
- $1,000,000
- 7
- BD
- 10
- BA
- Sold Price
- $1,000,000
- List Price
- $1,025,000
- Closing Date
- Dec 30, 2024
- Days on Market
- 197
- Status
- CLOSED
- MLS#
- 6714468
- City
- Phoenix
- Bedrooms
- 7
- Bathrooms
- 10
- Subdivision
- Carolyn Place Lot 1-9, 46-54
- Year Built
- 1955
Property Description
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
Additional Information
- Community Features
- No Pool
- Construction
- Block, Stucco
- Cooling
- Varies by Unit
- Electric
- APS
- Heating
- Varies by Unit
- New Financing
- Conventional, Cash
- Parking Features
- Other
- Roofing
- Composition
- Sewer
- Public Sewer
- Subdivision
- Carolyn Place Lot 1-9, 46-54
- Taxes
- $2,798
- Tax Year
- 2023
- Tenant Pays
- Electricity
- Units
- 4
- Water
- Master Meter, City Franchise
- Zoning
- R-4
Courtesy of Matthews Real Estate Investment Services. 310-388-0788 Selling Office: HomeSmart.
Copyright 2026 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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