2727 E MONTECITO Avenue, Phoenix, AZ 85016 (MLS# 6987955)

2727 E MONTECITO Avenue, Phoenix, AZ 85016

$885,000

Dedicated storage closets for unit and on-site laundry.

Property Type: Multiple Dwellings Status: Active

Current Price: $885,000 Last Modified: 4/18/2026

Overview

Description

Rare turn-key mid-century modern triplex in the heart of the Biltmore corridor within a lush desert landscape setting. Gated, walled courtyard creates sanctuary for this compound featuring two 2-bed/2-bath units and one spacious 1-bed/1-bath unit with delightful wood flooring. Unit 1 features a private large patio Enclosed 3-car garage with assigned spaces and private storage, plus shared on-site laundry. Owner pays water/sewer; tenants pay electric. Recent capital improvements and transferable termite warranty. Proximity to Sprouts, Starbucks, dining and breweries. Boutique multifamily asset in one of Phoenix's strongest rental corridors with long-term appreciation appeal.

Listing Details MLS# 6987955

Location, Tax & Legal

House Number: 2727
Compass: E
Street Name: MONTECITO
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85016
Zip4: 0908
Country: US
County Code: Maricopa
Subdivision: BROWN TERRACE
Assessor Number: 163-08-070
Tax Year: 2025
Assessor's Map #: 8
Legal Description (Abbrev): LOT 5 BROWN TERRACE MCR
Assessor's Parcel #: 70
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 108400
Taxes: 2389
Legal: LOT 5 BROWN TERRACE MCR 007447
Marketing Name: Nest on Montecito

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 8476
Year Built: 1959
Total # of Units: 3
# of Buildings: Yes
Zoning: multi
Flood Zone: No
Elementary School District: Madison Elementary District
High School District: Phoenix Union High School District
Elementary School: Madison Camelview Elementary
Jr. High School: Madison Park School
High School: Camelback High School
Uncvrd Parking Spcs: 0

Remarks Misc

Cross Street: E Indian School Road & N 28th Street
Directions: Head north on N 28th Street (0.3 mi). Head west onto E Montecito Avenue (240 ft). Property is on south side of street.

Legal Info

Township: 2N
Range: 3E
Section: 23
Lot Number: 5

Income Expenses

Gross Annual Sch Inc: 54600
Net Operating Income: 39838

More Information

Showing Notification Methods

Showing Service: No Showing Service Used

1 Bedroom Units

# 1 Bedroom Units: Yes
Avg Rent: 1125
Avg SqFt: 750
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: 2
Avg Rent: 1732
Avg SqFt: 1000
# Baths: 2

Project Type

Tri-Plex: Yes

Construction

Block: Yes

Const - Finish

Painted: Yes

Roofing

Composition: Yes

Floors

Vinyl: Yes
Wood: Yes
Ceramic Tile: Yes

Sale Includes

Land & Building: Yes
Laundry Equipment: Yes

Income & Expenses

Annual Ins Exp: 2747
Annual Landscape Exp: 2295
Annual Maint Exp: 719
Annual Wtr/Swr Exp: 3364
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Other Expense: 3247
Operating Exp: 14761
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 54600

Pmt & Rate Info

Cap Rate: 3.98
Down Payment: 0
Equity: 1000000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

None: Yes

Community Features

No Pool: Yes
Barbecue: Yes

Heating

Electric: Yes
Individual: Yes
2 or More Units: Yes

Cooling

Electric: Yes
Individual: Yes
2 or More Units: Yes

Exterior Amenities

Landscape Water System: Yes
Desert Landscaping: Yes
Fenced: Yes
Cable TV Available: Yes
Patio/Balcony: Yes
Separate Storage: Yes

Interior Features

Unfurnished: Yes
Fire/Smoke Alarm(s): Yes

Tenant Pays

Electricity: Yes
Cable TV: Yes

Appliances Included

Dishwasher: Yes
Disposal: Yes
Microwave: Yes
Refrigerator: Yes
Built-In Range: Yes
Washer/Dryer: Yes

Road Access Type

Alley: Yes
City Street: Yes

Road Surface Type

Asphalt: Yes
Concrete: Yes

Source of Fincl Data

Owner: Yes

Road Responsibility

City Maintained Road: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Garage: Yes
1 Space/Unit: Yes

Electric

SRP: Yes
Individual Meter: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes
Landscaping: Yes

New Financing

Cash: Yes
Conventional: Yes
No Carry: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Existing 3rd Loan

Treat as Free&Clear: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Environmental

None: Yes

Efficiency Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: Tri-Plex Construction: Block Const - Finish: Painted Roofing: Composition Floors: Vinyl; Wood; Ceramic Tile Sale Includes: Land & Building; Laundry Equipment Community Features: No Pool; Barbecue Exterior Amenities: Landscape Water System; Desert Landscaping; Fenced; Cable TV Available; Patio/Balcony; Separate Storage Interior Features: Unfurnished; Fire/Smoke Alarm(s) Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Heating: Individual; 2 or More Units Cooling: Electric; Individual; 2 or More Units Water Source: City Franchise Sewer: Sewer - Public Electric: SRP; Individual Meter Gas: None Parking Features: Garage; 1 Space/Unit Road Access Type: Alley; City Street Road Surface Type: Asphalt; Concrete Road Responsibility: City Maintained Road Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 3rd Loan: Treat as Free&Clear New Financing: Cash; Conventional; No Carry Environmental: None

Listing Office: Cambridge Properties

Last Updated: April - 18 - 2026