3739 E MONTECITO Avenue FRNT, Phoenix, AZ 85018

$486,500
Property Type: Multiple Dwellings Bedrooms: 7 Baths: 5 Status: Closed
Current Price: $486,500 Last Modified: 9/10/2026

Overview

Description

Amazing Arcadia area multifamily property. Well kept property in one of the best locations in town. 4 unit property made up of a 3 bed 2 bath single family home with 2 car garage, 2 bedroom unit and a duplex on the back of the property with two 1 bedroom units. Very well maintained property. 100% occupied at the time of the listing. Recently raised rents for great cash flow!

Listing Details MLS# 5527840

Location, Tax & Legal

Map Code/Grid
P35
House Number
3739
Compass
E
Street Name
MONTECITO
St Suffix
Avenue
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85018
Zip4
4000
Country
US
County Code
Maricopa
Assessor Number
170-26-022-V
Tax Year
2016
Unit #
FRNT
Assessor's Map #
26
Legal Description (Abbrev)
E2 S2 S2 NW4 SE4 LYING S OF S LN MONTECITO AVE EX W 450.87' & EX E 138' & EX S 8' .24 AC
Assessor's Parcel #
22
Assessor Parcel Ltr
V
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
108302
Taxes
3192
Legal
E2 S2 S2 NW4 SE4 LYING S OF S LN MONTECITO AVE EX W 450.87' & EX E 138' & EX S 8' .24 AC
Marketing Name
Arcadia

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
11883
Year Built
1978
Uncvrd Parking Spcs
2
Total # of Units
4
# of Buildings
2
Zoning
R-3
Elementary School District
Creighton Elementary District
High School District
Phoenix Union High School District

Remarks Misc

Cross Street
40th St & Indian School
Directions
North on 40th St to Montecito. West on Montecito to property. Just past 38th st on South side

Status Change Info

Off Market Date
2016-12-12
Under Contract Date
2016-12-30
Close of Escrow Date
2017-02-03

Legal Info

Township
2N
Range
3E
Section
24
Lot Number
unknown

More Information

1 Bedroom Units

# 1 Bedroom Units
2
Avg Rent
650
Avg SqFt
600
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
Yes
Avg Rent
800
Avg SqFt
900
# Baths
Yes

3 Bedrooms Units

# 3 Bedroom Units
Yes
Avg Rent
1650
Avg SqFt
1400
# Baths
2

Structure

Bedrooms Total
7
Bathrooms Total
5

Income Expenses

Gross Annual Sch Inc
4500
Net Operating Income
34116

Sold Info

Loan Type
Conventional
Payment Type
Fixed
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Project Type

Four Plex
Yes

Efficiency Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Other Type

House + Rental Units
Yes

Construction

Block
Yes
Wood Frame
Yes

Const - Finish

Painted
Yes
Siding
Yes

Roofing

Composition
Yes

Floors

Ceramic Tile
Yes
Carpet
Yes

Sale Includes

Other (See Remarks)
Yes

Income & Expenses

Annual Elec Exp
200
Annual Gas Exp
840
Annual Ins Exp
864
Annual Land Lse Exp
0
Annual Landscape Exp
1500
Annual Legal & Acctg
0
Annual Maint Exp
1610
Annual Mgmt Exp
0
Annual Trash Exp
0
Annual Wtr/Swr Exp
1200
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
9406
Other Income
0
Vacancy Allowance
0.03
Adjusted Gross Inc
4365
Total Monthly Rental Income
3750

Status Update

Multiple Offers Recd
Yes

Pmt & Rate Info

Cap Rate
6.84
Down Payment
0
Equity
499000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Community Features

Other
Yes
See Remarks
Yes

Heating

Electric
Yes

Cooling

Electric
Yes

Exterior Amenities

Desert Landscaping
Yes
Fenced
Yes
Patio/Balcony
Yes

Tenant Pays

Electricity
Yes

Appliances Included

Refrigerator
Yes

Road Access Type

Alley
Yes

Source of Fincl Data

Owner
Yes

Water Source

Master Meter
Yes

Sewer

Sewer - Public
Yes

Parking Features

Garage
Yes
Carport
Yes
<1 Space Per Unit
Yes

Electric

SRP
Yes

Gas

SW Gas
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

VA
Yes
Conventional
Yes
Other (See Remarks)
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Existing 2nd Loan

Other (See Remarks)
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Other (See Remarks)
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

None
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Property Features

Project Type: Four Plex Other Type: House + Rental Units Construction: Block; Wood Frame Const - Finish: Painted; Siding Roofing: Composition Floors: Ceramic Tile; Carpet Sale Includes: Other (See Remarks) Community Features: Other; See Remarks Exterior Amenities: Desert Landscaping; Fenced; Patio/Balcony Appliances Included: Refrigerator Cooling: Electric Water Source: Master Meter Sewer: Sewer - Public Electric: SRP Gas: SW Gas Parking Features: Garage; Carport; <1 Space Per Unit Road Access Type: Alley Owner Pays: Water; Trash Collection Tenant Pays: Electricity Source of Fincl Data: Owner Status Update: Multiple Offers Recd Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Other (See Remarks) Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Other (See Remarks) Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: VA; Conventional; Other (See Remarks) Environmental: None
IDX
Listing Office: Keller Williams Realty Phoenix
Last Updated: September - 10 - 2026
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