Address
2102 E Fairmount Avenue Phoenix, AZ
Price
$ 750,000
Property Attributes
  • MLS#6325134
  • TypeMulti-Family
  • CountyMARICOPA
  • CityPhoenix
  • Zip85016
  • Style
  • Year Built1960
  • Taxes$ 1196
  • Price$ 750,000
  • Bedrooms8
  • Full Bathrooms5
  • Half Bathrooms0
  • Sqr Footage3600
Listing Provided Courtesy Of:
AXIS Property Advisors
Data Source:
Arizona Regional MLS (ARMLSN) - 22 - AZ
Property Description

Here we go!! Value Add, 4 unit on 0.4 Acres in Biltmore/Midtown, right off the AZ51 and Indian School Rd. This is a unique property with many extras including unit patios, covered parking, laundry in most units, on a large 0.4 Ac lot (66'Wx271'D) with secure storage and wired workshop. Potential commercial use or redevelopment should also be considered.The rear structure (3+/2) is an attached manufactured home (1988 built) with it's own gated parking that includes 4 covered spaces, a private back yard, covered patio, and container sized work-shed and extras. The front building is a triplex including a 2/1, a S+/1, and second 2/1. All units are on month to month leases and under market rent. All tenants are aware of the sale.Rents listed below are projected, not actual.

Price History
11/24/2021 Listed $750,000

General Features

1 Bedroom Units: Avg Rent 800.00
2 Bedroom Units: Avg Rent 1200.00
3 Bedrooms Units: Avg Rent 2000.00
3 Bedrooms Units: Avg Sqft 1800
4 Bedrooms Units: Avg Rent 0.00
Construction Block
Cooling Ceiling Fan(s), Central A/C, Electric
Electric APS, Individual Meter
Exterior Features Cable TV Available, Other (See Remarks), Partially Fenced, Patio/Balcony, RV/Boat Parking, Separate Storage
Features Other
Gas Y/N None
Heating Central, Electric
Map Code/Grid P35
Net Income 46392.00
New Financing 1031 Exchange, Conventional, No Carry, Trade, VA
Owner Pays Sewer, Trash Collection, Water
Parking >1 Space Per Unit, 1 Space/Unit, Assigned, Carport, Free, Paved Parking, RV/Boat Parking
Property Type F
Public Remarks Here we go!! Value Add, 4 unit on 0.4 Acres in Biltmore/Midtown, right off the AZ51 and Indian School Rd. This is a unique property with many extras including unit patios, covered parking
Roof Comp Shingle, Foam
School District 014 - Creighton Elementary District
Sewer Sewer - Public
Special Accept Backups (CLO)
Status Active
Tenant Pays Electric
Water City Franchise
Year Built 1960
Zoning M-M/R-3

Interior Features

1 Bedroom Units: # 1 Bedroom Units 1
1 Bedroom Units: # Baths 1
1 Bedroom Units: Avg Sqft 400
2 Bedroom Units: # 2 Bedroom Units 2
2 Bedroom Units: # Baths 1
2 Bedroom Units: Avg Sqft 700
3 Bedrooms Units: # 3 Bedroom Units 1
3 Bedrooms Units: # Baths 2
Appliances Included Disposal, F/S Oven/Range, Refrigerator, Washer/Dryer
Floors Carpet, Ceramic Tile, Vinyl
Total Number of Units 4.00

Exterior Features

Sale Includes Land & Building, Laundry Equipment
Const - Finish Painted
Covered Parking Spcs 7.00
Lot Size Dimensions 66' x 271'
Total Parking Spcs 12.00

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 85016

Price
AVG $750K
$750K
Taxes
AVG $1,196
$1,196
Visits
AVG 9
8
Year Built
AVG 1960
1960

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