Furnished Remodeled Residential Income
For Sale
$195,000
3619 E MONTEROSA Street 209, Phoenix, AZ 85018
Furnished residential property with updated interiors, in-unit laundry, and access to a gated community pool.
Property Size622 SF
Days on Market98
Property Features for 3619 E MONTEROSA Street 209
General Information
Standard status
Active
Size
622 SF
Property subtype
Apartment
Site & Location
Neighborhood
Camelback East
Additional Details
Furnished
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,148
Amenities
pool
gated complex
Building Details
Building Size
622 SF
Year Built
1979
Listing Agency:
Gentry Real Estate
Listed By:
Jonah Reinholz · License #SA691597000
(480) 734-0333
Source:
Alexiabertsatos
Added: Jul 24
Changed: Oct 26
Last Checked: Oct 28 at 1:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gentry Real Estate
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Investment Insights
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This furnished residential income property is a remodeled condominium in a gated complex in Phoenix’s Arcadia area. The interior includes a renovated kitchen with stainless steel appliances, granite countertops, and contemporary light fixtures, along with a spacious bedroom and bathroom. A new in-unit washer and dryer add everyday convenience.
Community amenities include a pool within the gated property. The building was constructed in 1979, and the property is located at 3619 E Monterosa Street, Unit 209, Phoenix, AZ 85018. The residence is offered with its furnishings in place, providing a completed interior setup for the next owner or occupant.
Community amenities include a pool within the gated property. The building was constructed in 1979, and the property is located at 3619 E Monterosa Street, Unit 209, Phoenix, AZ 85018. The residence is offered with its furnishings in place, providing a completed interior setup for the next owner or occupant.
Key Highlights
- Furnished remodeled condominium in Arcadia
- Updated kitchen with stainless appliances and granite countertops
- New in‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,255
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$145,100
$145.1K
Cap Rate 7%
$103,643
$103.6K
Cap Rate 9%
$80,611
$80.6K
Market Conditions
NOI Build-Up for 622 SF
Gross rent
$14.0K $22.56/SF
− Vacancy
−$842 −$1.35/SF
EGI
$13.2K $21.21/SF
− OpEx
−$5.9K −$9.54/SF
NOI
$7.3K $11.66/SF
Area
Phoenix, AZ
Vacancy
6.00%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$145,100
Cap Rate 7%
$103,643
Cap Rate 9%
$80,611
Alternative Uses
Best Use
Apartment 5plus
$103.6K
$90.7K – $120.9K
NOI $7,255 @ 7.0% cap · market cap 3.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$188.4K
$164.9K – $219.8K
NOI $13,189 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,034
Businesses Nearby
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Business Placement
Demographics for 85018, AZ
37,944
Population
19,487
Households
1.9
Avg Household Size
40
Median Age
57%
College-Educated
92%
High-School Grad
15.1 sq mi
ZIP Area
2,513
Density / Sq Mi
$87,637
Median Household Income
$58,555
Median Earnings
$1,411
Median Rent
$805,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Furnished residential property with updated interiors, in-unit laundry, and access to a gated community pool.
Where is this residential income property located?
The property is located at 3619 E MONTEROSA Street 209 Phoenix, AZ.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Furnished remodeled condominium in Arcadia; Updated kitchen with stainless appliances and granite countertops; New in‑unit washer and dryer
