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1017-1031 E Fairmount Ave
Phoenix, AZ 85014 Midtown Phoenix

$2,100,000 USD

Apartments For Sale  •  6,470 SF

Property Details

  • Property Type Apartments
  • Total Building Size 6,559 SF
  • Lot Size 0.15 AC
  • Building Class C
  • Year Built 1966
  • Zoning R-3
49 Transit Score
70 Walk Score

Highlights

8-unit boutique apartment community with ±6,559 SF in Midtown Phoenix
Current cap rate of 6.03% and NOI of $126,680 at $2,100,000 list price
Six of eight units renovated with luxury finishes and in-unit laundry
Three private garages, four carport spaces, and four private storage units
Large private front and back yards with mature landscaping and citrus trees
Fully occupied, stabilized asset with immediate in-place yield and upside

Amenities

  • Air Conditioning
  • Balcony
  • Courtyard
  • Dishwasher
  • Fenced Lot
  • Laundry Facilities
  • Storage Space
  • Pet Play Area
  • Smoke Free
  • Ceiling Fans
  • Tile Floors
  • Kitchen
  • Granite Countertops
  • Hardwood Floors
  • High Speed Internet Access
  • Refrigerator
  • Oven
  • Yard
  • Grill
  • Double Pane Windows
  • Garden
  • Patio
  • Porch
  • Window Coverings

Public Transportation

Transit/SubwayDriveWalkDistance
Indian School/Central Ave (METRO Light Rail - Valley Metro (Phoenix Light Rail)) 4 min 20 min 1.0 mi
AirportDriveWalkDistance
Phoenix Sky Harbor International 14 min - 7.5 mi
Phoenix-Mesa Gateway 47 min - 34.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 5
Type: Surface
Included in Rent: Yes
Brad Skenderian 949-533-5594 Matthews Real Estate Investment Services
Brad Skenderian 949-533-5594 Matthews Real Estate Investment Services