1841 W Fairmount Avenue, Phoenix, AZ 85015
Local realty services provided by:CENTURY 21 Northwest Realty
1841 W Fairmount Avenue,Phoenix, AZ 85015
$1,400,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Pending
Listed by: paul d eide, debby covert
Office: delex realty
MLS#:6942492
Source:ARMLS
Price summary
- Price:$1,400,000
About this home
Exceptional Investment Opportunity - 10-Unit Apartment Complex with Strong Value-Add Potential
Discover an incredible opportunity to acquire a well-maintained 10-unit multifamily property offering consistent income and long-term upside. This garden-style community, originally constructed in 1971 and 1992, features nine one-bedroom/one-bath units and one two-bedroom/one-bath unit—each equipped with individual electric meters, dedicated HVAC systems, and separate storage lockers.
The property provides 12 off-street parking spaces and a shared community laundry room for resident convenience. The complex has been fully leased and professionally managed for many years, with the current master lease expiring in March. Appraisal completed Sept 2025 and available upon request. Ownership currently receives a single monthly payment and is responsible only for property taxes.
Showings are available by appointment only with a minimum of 24 hours' notice. Please do not disturb tenants.
Additionally, the adjacent property at 1829 W Fairmount Avea 3-bedroom, 3-bath homeis also available for purchase from the same owner. A bundle opportunity may be considered for qualified buyers....
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Home facts
- Year built:1982
- Listing ID #:6942492
- Updated:March 19, 2026 at 03:10 PM
Rooms and interior
- Flooring:Tile
Heating and cooling
- Central air:Yes
Structure and exterior
- Year built:1982
- Construction Materials:Painted
Utilities
- Water:City Franchise
Finances and disclosures
- Price:$1,400,000
- Tax amount:$3,644 (2024)
Parking
- Total parking spaces:12
- Parking description:1 Parking Space/Unit
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