For Sale

Listed by Bradley Skenderian and Kyle Inman from MATTHEWS RETAIL GROUP, INC.

Source: Arizona Regional Multiple Listing Service #6997176

1021 E Fairmount Ave, Phoenix, AZ, 85014

$1,950,000

5

MultiFam

30+ days on the market

What's around 1021 E Fairmount Ave

About this 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 current financials.

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