Phoenix, AZ 85016,1605 E MONTEBELLO Avenue
Phoenix, AZ 85016,1605 E MONTEBELLO Avenue
Phoenix, AZ 85016,1605 E MONTEBELLO Avenue
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$2,500,000
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1605 E MONTEBELLO Avenue Phoenix, AZ 85016

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 6973902

Year Built 1961

Annual Tax Amount $5,574

Tax Year 2025

Lot Dimensions 137' x 140'

Source Arizona Regional Multiple Listing Service (ARMLS)

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.

Location

State AZ

County Maricopa

Area Maricopa

Zoning RES

Direction Head south onto N 16th St to property. Property will be on the left after E Montebello Ave.

Interior

Cooling Ceiling Fan(s)

Flooring Flooring

Appliance Built-In Range, Dishwasher, Refrigerator, Microwave, Washer/Dryer

Exterior

Parking Features 1 Space/Unit

Community Features No Pool

Roof Type Composition

Private Pool No

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

Elementary Schools Madison Rose Lane School

Middle Schools Madison #1 Elementary School

High Schools North High School

School District Phoenix Union High School District

Others

Senior Community No

Tax ID 164-51-057-A

Acceptable Financing Conventional

Disclosures None

Listing Terms Conventional


Arizona Regional MLS (ARMLS)
Listed by My Home Group Real Estate

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    Madison Traditional Academy

    Public | KG - 8

  • 9

    Madison Richard Simis School

    Public | PK - 4

  • 8

    Madison Meadows School

    Public | 5 - 8

  • 8

    Madison Rose Lane School

    Public | PK - 5

  • 8

    Madison Heights Elementary School

    Public | PK - 5

  • 8

    Villa Montessori - Phoenix Campus

    Public | KG - 8

  • 7

    Amerischools Academy - Camelback

    Public | KG - 12

  • 6

    Madison #1 Elementary School

    Public | 5 - 8

  • 6

    Biltmore Preparatory Academy

    Public | KG - 8

  • 5

    Clarendon School

    Public | PK - 8

  • 5

    New World Educational Center

    Public | KG - 12

  • 5

    Madison Park School

    Public | 1 - 8

  • 5

    Madison Camelview Elementary School

    Public | PK - 4

  • 5

    Loma Linda Elementary School

    Public | PK - 8

  • 5

    Monte Vista Elementary School

    Public | KG - 8

  • 4

    Encanto School

    Public | PK - 8

  • 3

    Solano School

    Public | PK - 8

  • 3

    Empower College Preparatory

    Public | 3 - 6

  • 3

    Arizona Virtual Academy

    Public | KG - 12

  • 3

    Longview Elementary School

    Public | PK - 8

Middle Schools 4
  • 5

    Osborn Middle School

    Public | 7 - 8

  • 1

    The Learning Institute

    Public | 7 - 12

  • 0

    Brophy College Preparatory

    Private | 6 - 12

  • 0

    Arizona Insight Academy

    Public | 7 - 12

High Schools 15
  • 7

    Phoenix College Preparatory Academy

    Public | 9 - 12

  • 5

    Girls Leadership Academy of Arizona

    Public | 9 - 12

  • 5

    North High School

    Public | 9 - 12

  • 4

    Central High School

    Public | 9 - 12

  • 3

    Camelback High School

    Public | 9 - 12

  • 0

    Tumbleweed Transitional Learning Center

    Public | 9 - 12

  • 0

    Valley Lutheran High School

    Private | 9 - 12

  • 0

    St Marys High School

    Private | 9 - 12

  • 0

    Xavier College Preparatory

    Private | 9 - 12

  • 0

    Shearim Torah High School for Girls

    Private | 9 - 12

  • 0

    Suns-Diamondbacks Education Academy

    Public | 11 - 12

  • 0

    Humanities and Sciences High School - Phoenix

    Public | 9 - 12

  • 0

    International Commerce High School - Phoenix

    Public | 9 - 12

  • 0

    Yeshiva High School of Arizona

    Private | 9 - 12

  • 0

    Mosaica Online High School of Arizona

    Public | 9 - 12

School and business data provided by Attom Data.

GET MORE INFORMATION

Ruth Nastasi

Ruth Nastasi

Realtor | License ID: 646149000

+1(480) 376-7646

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1605 E MONTEBELLO Avenue