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1021 E Fairmount Ave

Phoenix AZ 85014

5
Multi-Family
Currently for sale - view listing

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.

Features

5 carspaces
1 open car space
1 garage space
Multi-Family

Property history for 1021 E Fairmount Ave

2021
Sold
$1,280,000
16 Apr 2021

Happy sellers in Phoenix

88%
88% of sellers in Phoenix reported that their sale price either exceeded or met their price expectations.

Phoenix stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 8 reviews in Phoenix over the last 12 months.

Local market activity for multi families in Phoenix

In the last 12 months, 18 multi families similar to 1021 E Fairmount Ave, have been sold.

This represents a 125% decrease in multi families sales when compared to the previous 12 months.

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(619) 566-0008
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