$995,000
Phoenix, AZ 85014
MLS# 6973303
1 / 48
Property Description
Welcome to 822 East Montecito Avenue, Phoenix, AZ 85014! This beautifully maintained four-plex offers a fantastic investment opportunity with a mix of two spacious 2-bedroom, 1-bath units and two large 1-bedroom, 1-bath units. Each unit features large private backyards, perfect for outdoor relaxation or entertaining. Enjoy the convenience of full-sized laundry facilities in each unit, along with a host of modern upgrades and amenities designed to enhance comfort and style. Whether you're looking for a stable income property or a home for yourself, this four-plex delivers both charm and convenience in a prime Phoenix location. Don't miss out on this exceptional opportunity! Tenant occupied. Please do not disturb.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $995,000
List Price: $995,000
Status: Active
List Date: 2026-01-23
Location, Tax & Legal
Assessor's Map #: 19
Legal Description (Abbrev): CAROLYN PL LOT 39 S2 EX S 7'
Assessor's Parcel #: 34
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 108601
Taxes: 3178
Legal: CAROLYN PL LOT 39 S2 EX S 7'
Marketing Name: The Montecito
House Number: 822
Compass: E
Street Name: MONTECITO
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Zip4: 4317
County Code: Maricopa
Subdivision: CAROLYN PLACE LOT 1-9 46-54
Assessor Number: 155-19-034
Tax Year: 2025
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 0
Lot Size Dimensions: 85' x 110'
Total # of Units: 4
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District
Year Built: 1958
Zoning: R3 MF MD
Legal Info
Range: 3E
Section: 21
Township: 2N
Lot Number: 39
Project Type
Four Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Built-Up: 1
Floors
Tile: 1
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 554
Annual Gas Exp: 0
Annual Ins Exp: 2600
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 4800
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 11132
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 57399
Total Monthly Rental Income: 5035
Pmt & Rate Info
Cap Rate: 4.97
Down Payment: 0
Equity: 995000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Forced Air: 1
Natural Gas: 1
Cooling
Electric: 1
Exterior Amenities
Fenced: 1
Patio/Balcony: 1
Interior Features
Unfurnished: 1
Fire Sprinklers: 1
Mini Blinds: 1
Tenant Pays
Gas: 1
Electricity: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
W/D Hookup: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
1 Space/Unit: 1
Assigned: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
No Carry: 1
Existing 1st Loan
Conventional: 1
Private: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Non Assumable: 1
Not Applicable: 1
Existing 2nd Loan
Other (See Remarks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Other (See Remarks): 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 1195
Avg SqFt: 700
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1350
Avg SqFt: 950
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 7th St and Indian School
Directions: North on 7th Street to Montecito, East on Montecito to property on left.
Geo Lat: 33.499372
Geo Lon: -112.06226
Income Expenses
Gross Annual Sch Inc: 60420
Net Operating Income: 49445
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Composition; Built-Up
Floors: Tile; Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Fenced; Patio/Balcony
Interior Features: Unfurnished; Fire Sprinklers; Mini Blinds
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup
Heating: Forced Air; Natural Gas
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: Carport; 1 Space/Unit; Assigned
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Gas; Cable TV
Source of Fincl Data: Owner
Lockbox Type: None
Existing 1st Loan: Conventional; Private
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Non Assumable; 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: Cash; VA; FHA; Conventional; No Carry
Environmental: None
Listing Office: Grace CRE
Last Updated: January - 27 - 2026
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