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1605 E Montebello Avenue

Phoenix, AZ 85016
  • $2,500,000
  • STATUS: Active
  • ID#: 6973902
UPDATED: 23 min ago
$2,500,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1961
County:
Area:

School Information

Elementary School:
High School:

Description

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.

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Arizona Regional MLS logo© 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Long Realty Company. Data last updated 2026-04-19T07:19:48.117.
www.arizonahomesearch.com/homes/172439054
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1605 E Montebello Avenue Phoenix, AZ 85016

  • Price: $2,500,000
  • Status: Active
  • On Site: Days
  • Updated: 23 min ago
  • ID#: 6973902
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1961
Built
County:
Maricopa
Area:
Phoenix
Elementary School:
Madison Rose Lane School
Middle School:
Madison #1 Elementary School
High School:
North High School
Property Description
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.
Exterior Features

Attached Garage YN No Construction Materials PaintedBlock Covered Spaces 8 Exterior Features [] Open Parking Spaces 0 Parking Features Detached Carport1 Space/Unit Road Surface Type Asphalt Roof Composition

Interior Features

Appliances Included Washer Dryer Yes BIOven Range Yes Cooling Ceiling Fan(s) Cooling YN Yes Heating Hot Water Heating YN Yes Interior Features []

Property Features

Community Features No Pool Disclosures None Flood Zone No Flooring Laminate Gross Income 180000 Listing Terms Conventional Owner Pays Other Ownership Fee Simple Property Condition [] Security Features [] Sewer Public Sewer Tax Annual Amount 5574 Tax Year 2025 Water Source City Franchise Zoning RES

Arizona Regional MLS logo Listing provided by My Home Group Real Estate: .


Arizona Regional MLS logo© 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Long Realty Company. Data last updated 2026-04-19T07:19:48.117.
 
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Long Realty Company
4051 E. Sunrise Dr, Suite 101
Tucson AZ, 85718