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Sold on 01/18/2014

1026 E Fairmount Ave, Phoenix, AZ 85014

  • $1,318,000

    Last sold 01/18/2014 for $264K

  • 8

    bed

  • —

    bath

Multi-family not for sale
80 homes bought nearby with Movoto recently

About 1026 E Fairmount Ave

Property type Multi-family
Neighborhood
Year built 2006
HOA fee $0/month
Movoto estimate
Property description
INVESTOR OPPORTUNITY WITH MOTIVATED SELLER! Looking for a low maintenance investment vehicle that is fully rented? This is it! Each unit is a large 4 bedroom 2 bath unit and has its own separate guest quarters that includes a kitchenette. Tile in all the right places, 2 (2) car garages, Refrigerators, Washers & Dryers included. Exterior was recently painted (11/13), A/C Units are 3 years old. Central location. High rental area. Close to the Arizona Biltmore area, light rail & downtown. Don't miss out on this cash-flowing property!
Listed by
Listing Agent - Yvonne Faustinos
Listing Office - Russ Lyon Sotheby's International Realty
Source: ARMLS mls logo
MLS#5041555 • last updated 1 year ago
Movoto checked ARMLS for data 6 minutes ago
Overview
Cooling/AC Central Air, Ceiling Fan(s), Individual
Heating Individual, 2 Or More Units, Electric
MLS # 5041555
Type Multiple Dwellings
Status Closed
Property Tax 2170
Year Built 2006
Interior
Flooring Carpet, Ceramic Tile, Vinyl
Appliances Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
Exterior
Roof Composition
Construction Wood Frame, Painted, Stucco
Parking Paved, Garage Door Opener
# of Open Parking Spaces 4
# of Covered Spaces 4
Amenities / Utilities
Water Source Master Meter, City Franchise
Sewer/Septic Public Sewer
Location
Subdivision Kay Tract
Community Features No Pool
Elementary School Longview Elementary School
Elementary School District Phoenix Elementary District
Middle School Osborn Middle School
High School District Phoenix Union High School District
High School North High School
APN 118-03-030
Zoning R3
Directions Indian School Road And 7th Street East To 12th Street, South On 12th Street To Fairmount, West On Fairmount To Property On North Side Of Street.
Multifamily Details
Total # of Units 2
Expense: Operating 6870
Financial Data Source Projected Proforma
Expense: Maintenance 1500
Vacancy Allowance 0.1
Expense: Insurance 1200
Net Operating Income 26394
Gross Income 33264
Expense: Water/Sewer 1500
Gross Scheduled Income 36960
Expense: Gardener 500
$1.31M
Range: $1.14M-$1.48M
Last 30 days 
  • Dec 2022
    mls logo MLS # 6354419
  • Dec 29, 2022 Price Change
    $1,100,000 (-4.3%)
  • Jun 21, 2022 Price Change
    $1,150,000 (-4.2%)
  • Feb 15, 2022 Listed
    $1,200,000 (+22.5%)
  • Aug 2021
    mls logo MLS # 6233663
  • Aug 1, 2021 Price Change
    $979,900 (+1.0%)
  • May 31, 2021 Price Change
    $969,900 (-0.5%)
  • May 21, 2021 Price Change
    $974,900 (-2.5%)
  • May 10, 2021 Listed
    $999,900 (+12.4%)
  • Dec 2020
    mls logo MLS # 6171144
  • Dec 14, 2020 Listed
    $889,900
  • 1026 E Fairmount Ave
    $264K
  • Encanto
    $539K
  • 85014
    $460K -17% y/y
  • Phoenix
    $474K -1% y/y
No chart available
Statistics calculated by Movoto

Thinking of selling? Get a Cash Offer.

  • A smooth, fast sale
  • Skip staging and repairs
  • No strings attached
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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  • 1026 E Fairmount Ave
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