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1016 E Fairmount Ave, Phoenix, AZ 85014

  • $1,000,000

  • 4

    bed

  • 4

    bath

Multi-family for sale 321 days
$125K price increase
80 homes bought nearby with Movoto recently

About 1016 E Fairmount Ave

Property type Multi-family
Neighborhood
Year built 1963
HOA fee $0/month
Rental estimate
Property description
Must be sold with the 3 other parcels. Herradura Villas (Fourplex) has undergone a comprehensive renovation with no detail overlooked and sitting on +-.4 acres. Each unit is 1-bedroom, 1-bathroom units boasts high-end finishes and thoughtful upgrades, including brand-new roofs, tankless water heaters, new sewer and water lines, smooth synthetic stucco with foam backing, upgraded electrical systems and panels, modern kitchen cabinetry, flooring, and bathrooms. All permitted with certificates of Occupancy. Each unit is individually metered for electricity and gas, while each building is individually metered for water. All buildings at the property have received extensive infrastructure upgrades, making this community a turn-key, low-maintenance investment.
Listed by
Listing Agent - Dallin J Hammond
Listing Office - ABI Multifamily
Source: ARMLS mls logo
MLS#6900050 • last updated 5 months ago
Movoto checked ARMLS for data 3 minutes ago
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Overview
Cooling/AC Central Air, Ceiling Fan(s), Individual
Heating Individual, Ceiling
MLS # 6900050
Type Multiple Dwellings
Status Active
Property Tax 2255
Year Built 1963
Interior
Flooring Vinyl
Appliances Dishwasher, Refrigerator, Built-In Gas Oven, Microwave, Washer/Dryer, W/D Hookup
Exterior
Roof Foam
Construction Stucco, Block
Parking >1 Space Per Unit, On Street
# of Open Parking Spaces 10
Amenities / Utilities
Water Source Individual Meter, City Franchise
Sewer/Septic Public Sewer
Location
Subdivision KAY TRACT
Community Features No Pool
Elementary School District Osborn Elementary District
High School District Phoenix Union High School District
APN 118-03-032-A
Zoning R-3
Multifamily Details
Total # of Units 4
Expense: Operating 2255
Financial Data Source Owner, Projected Proforma
Vacancy Allowance 0.05
Net Operating Income 54725
Gross Income 65892
Gross Scheduled Income 69360
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3/10
Longview Elementary School
public Grades PK, K-8
Osborn Elementary District
4/10
Osborn Middle School
public Grades 7-8
Osborn Elementary District
3/10
North High School
public Grades 9-12
Phoenix Union High School District
8/10
Phoenix Coding Academy
public Grades 9-12
Phoenix Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • Real Estate
  • AZ
  • Maricopa County
  • Phoenix
  • 85014
  • 1016 E Fairmount Ave

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