Viewing Listing MLS# 6997176
Phoenix, AZ 85014
- N/ABeds
- 0.00Total Baths
- N/ASqFt
- 1964Year Built
- 0.00Acres
- 62 yearsEst Age
- MLS# 6997176
- Multifamily
- Multiple Dwellings
- Active
- Approx Time on Market2 months, 26 days
- AreaN/A
- CountyMaricopa
- Subdivision West Idlewilde
Overview
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.
Agriculture / Farm
Association Fees / Info
Community Features: No Pool
Hoa: No
Bathroom Info
Building Info
Construction Materials: Wood Frame, Painted, Block
Roof: Composition
Exterior Features
Financial
Owner Pays: Trash Collection,Water,Sewer
Gross Income: 156279
Insurance Expense: 4200
Maintenance Expense: 2604
Garage / Parking
Parking Features: On Street, Carport
Garage: Yes
Interior Features
Flooring: Vinyl
Appliances: Built-In Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
Lot Info
Lot Size: 19533
Number of Buildings: 3
Other School Info
Property Info
Road Surface Type: Asphalt
Zoning: R-3
Tax Info
Tax Legal Description: WEST IDLEWILDE MCR 20-25 LOTS 1 3 & 5 BLK 2 & S 20F FAIRMOUNT AVE
Tax Amount Annual: 4003
Unit Info
Total Units: 8
Utilities / Hvac
Water Source: City Franchise
Electric: APS, Individual Meter
Cooling: Yes
Cool System: Electric
Heating: Natural Gas
Heating: Yes
Sewer: Sewer-In & Connected, Public Sewer
Waterfront / Water
Listings courtesy of Matthews Real Estate Investment Services
MLS# 7004828