x
Price Reduction
Address
1916 E Fairmount Avenue Phoenix, AZ
Price
$ 1,180,000
Property Attributes
  • MLS#6003889
  • TypeMulti-Family
  • CountyMARICOPA
  • CityPhoenix
  • NeighborhoodSub Of Nw4 Sec 27 2N 3E
  • Zip85016
  • Style
  • Year Built1954
  • Taxes3000
  • Price$ 1,180,000
  • Bedrooms8
  • Full Bathrooms8
  • Half Bathrooms0
  • Sqr Footage4000
Listing Provided Courtesy Of:
HomeSmart
Property Description

1916 & 1920 E Fairmount consists of (8) 1 bedroom 1 bathroom apartments in the very desirable Indian School area. Just south of the Camelback corridor this area has grown tremendously. Great existing tenant base this property has room to grow. Easy value add!Fresh exterior paint, 3 of 8 units have new kitchens, 2 AC units in the past 3 years. 4-5 water heaters replaced in the last 3 years. All but 1 unit have fresh interior paint/fixtures. No deferred maintenance.Qualifies for residential financing as 1916 & 1920 E Fairmount are on two separate parcels. Must be purchased together.OWNER AGENT1031 CONTINGENCY

Price History
11/12/2019 Listed $1,200,000
11/30/2019 2% - $1,180,000

General Features

1 Bedroom Units: Avg Rent 700.00
2 Bedroom Units: Avg Rent 0.00
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
Construction Block
Features No Pool
Map Code/Grid P35
Net Income 0.00
New Financing Conventional, 1031 Exchange
Owner Pays Water, Sewer, Landscaping
Parking 1 Space/Unit, Paved Parking, Street Parking
Property Type F
School District 001 - Phoenix Elementary District
Special Accept Backups (CLO), Owner/Agent
Status Active
Subdivision SUB OF NW4 SEC 27 2N 3E
Tenant Pays Electric, Gas, Cable TV
Year Built 1954
Zoning Residential

Interior Features

1 Bedroom Units: # 1 Bedroom Units 8
1 Bedroom Units: # Baths 1
1 Bedroom Units: Avg Sqft 500
Appliances Included F/S Oven/Range, Refrigerator
Cooling Electric Refrigeratd
Electric APS, Individual Meter
Floors Ceramic Tile
Gas SW Gas
Heating Heat Pump
Total Number of Units 8.00

Exterior Features

Sale Includes Building(s) Only, Personal Property, Laundry Equipment
Const - Finish Painted
Covered Parking Spcs 0.00
Exterior Features Landscape Wtr System, Desert Landscaping, Cable TV Available, Separate Storage
Lot Size Dimensions 120'x135'
Roof Comp Shingle
Sewer Sewer - Public
Total Parking Spcs 16.00
Water City Franchise

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 85016

Price
AVG $1.44M
$1.18M
Taxes
AVG $3,586
$3,000
Visits
AVG 93
91
Year Built
AVG 1958
1954

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