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1021 E Fairmount Ave, Phoenix, AZ 85014

  • $1,950,000

  • 13

    bed

  • 8

    bath

Multi-family for sale 89 days
$150K price drop
80 homes bought nearby with Movoto recently

About 1021 E Fairmount Ave

Property type Multi-family
Neighborhood
Year built 1964
HOA fee $0/month
Property description
1017 -1031 E Fairmount is an 8-unit apartment community located in the highly desirable Midtown Phoenix submarket. Built in 1966, The unit mix consists of (3) 1x1 units, (3) 2x1 units, and (2) 2x1.5 units, with an average rent of $1,528. 6 of the 8 units have been fully renovated with thoughtful, durable improvements including luxury vinyl plank flooring, quartz countertops, workstation-style extra-wide sinks, mini range hoods, updated light fixtures, and refreshed bathrooms featuring new tubs, tile backsplash, and modern vanities. All units offering in-suite washer/dryer or dedicated W/D access. The property also features large private front and backyards, 3 private garages, 2 covered carport spaces, and lush landscaping. 6.03% cap rate on current financials.
Listed by
Listing Agent - Bradley Skenderian
Listing Office - Matthews Real Estate Investment Services
Source: ARMLS mls logo
MLS#6997176 • last updated 1 month ago
Movoto checked ARMLS for data 6 minutes ago
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Overview
Cooling/AC Electric
Heating Natural Gas
MLS # 6997176
Type Multiple Dwellings
Status Active
Property Tax 4003
Year Built 1964
Interior
Flooring Vinyl
Appliances Built-In Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
Exterior
Roof Composition
Construction Wood Frame, Painted, Block
Parking On Street, Carport
# of Open Parking Spaces 1
# of Covered Spaces 4
Exterior Features Sidewalk(s)
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Sewer-In & Connected, Public Sewer
Location
Subdivision WEST IDLEWILDE
Community Features No Pool
Elementary School Longview Elementary School
Elementary School District Osborn Elementary District
Middle School Longview Elementary School
High School District Phoenix Union High School District
High School North High School
APN 118-06-017-B
Zoning R-3
Multifamily Details
Total # of Units 8
Expense: Operating 29218
Financial Data Source Owner
Expense: Maintenance 2604
Expense: Insurance 4200
Net Operating Income 126747
Gross Income 156279
Expense: Electric 945
Expense: Professional Management 7137
Expense: Water/Sewer 6005
Gross Scheduled Income 146030
Expense: Gardener 4324
Lot/ Land Details
Road Surface Asphalt
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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
  • 1021 E Fairmount Ave

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