About The Property

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 currentRead MoreRead Less
Courtesy of Matthews Real Estate Investment Services 310-388-0788
Listing Snapshot
Days Online
165
Last Updated
Property Type
Multiple Dwellings
Year Built
1964
MLS Number
6997176
M. Logan
Top 2% performing AZ broker
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Additional Details

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Appliances & Equipment
Built-In Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
Building
Built in 1964, Construction materials: Wood Frame, Painted, Block, 8 total units
Cooling
Electric
Expenses
Electric: $945, Insurance: $4,200, Maintenance: $2,604, Water sewer: $6,005
Exterior Features
Sidewalk(s)
Floors
Vinyl
Heating
Natural Gas
Parking
On Street, Carport, 5 total parkings
Property
Zoning: R-3
Roof
Composition
Sewer
Sewer-In & Connected, Public Sewer
Taxes
Annual amount: $4,003, Lot: 1
Utilities
APS, Individual Meter
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30 Days Snapshot Of 85014
$513k
-23%
(avg) sold price
8
-63%
homes sold
105
+1%
(avg) days on market
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Monthly Payment
$0

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