1021 E Fairmount Avenue, Phoenix, AZ 85014
- $1,895,000
- 13
- BD
- 8
- BA
- List Price
- $1,895,000
- Price Change
- ▼ $55,000 1786419764
- Days on Market
- 182
- Status
- ACTIVE
- MLS#
- 6997176
- City
- Phoenix
- Bedrooms
- 13
- Bathrooms
- 8
- Subdivision
- West Idlewilde
- Year Built
- 1964
Property Description
1017 -1031 E Fairmount is an 8-unit apartment community located in the highly desirable Midtown Phoenix submarket. Built in 1966, The unit mix consists of (3) 1x1 units, (3) 2x1 units, and (2) 2x1.5 units, with an average rent of $1,528. 6 of the 8 units have been fully renovated with thoughtful, durable improvements including luxury vinyl plank flooring, quartz countertops, workstation-style extra-wide sinks, mini range hoods, updated light fixtures, and refreshed bathrooms featuring new tubs, tile backsplash, and modern vanities. All units offering in-suite washer/dryer or dedicated W/D access. The property also features large private front and backyards, 3 private garages, 2 covered carport spaces, and lush landscaping. 6.03% cap rate on current financials.
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Additional Information
- Elementary School
- Longview Elementary School
- High School
- North High School
- Middle School
- Longview Elementary School
- Community Features
- No Pool
- Construction
- Block, Wood Frame, Painted
- Cooling
- Electric
- Electric
- APS, Individual Meter
- Exterior Features
- Sidewalk(s)
- Heating
- Natural Gas
- New Financing
- Conventional, 1031 Exchange, Other (See Remarks), Cash
- Parking Features
- Carport, On Street
- Roofing
- Composition
- Sewer
- Sewer-In & Connected
- Subdivision
- West Idlewilde
- Taxes
- $4,003
- Tax Year
- 2025
- Tenant Pays
- Electricity, Gas
- Units
- 8
- Water
- City Franchise
- Zoning
- R-3
Courtesy of Matthews Real Estate Investment Services. 310-388-0788
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