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1841 W FAIRMOUNT Avenue, Phoenix, AZ 85015

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For Sale

$1,695,000

Estimated Payment

$      /mo. †

APR for 30 years

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  • Other Residential
    Property type

  • Newly Listed
    Time on Century 21

  • 41-50 Years Old
    Age

Explore this Property

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 under a state-run organization, with the current master lease expiring in March. 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 Ave a 3-bedroom, 3-bath home is also available for purchase from the same owner. A bundle opportunity may be considered for qualified buyers.
MLS# 6942492

Courtesy Of DeLex Realty, LLC

(602) 910-3002

Property Features

  • Age
    41-50 Years Old
  • Appliances
    Oven - Gas, Refrigerator
  • Architecture Style
    Other
  • Roof Type
    Tile

Map and Directions

Directions to 1841 W FAIRMOUNT Avenue, Phoenix, AZ 85015

Home seller CENTURY 21 Arizona Foothills

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(623) 322-3311
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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.