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Sold on 12/29/2018

1030 E Fairmount Ave, Phoenix, AZ 85014

  • $575,000

    Last sold 12/29/2018 after 88 Days

  • 11

    bed

  • 8

    bath

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

About 1030 E Fairmount Ave

Property type Multi-family
Neighborhood
Year built 1955
HOA fee $0/month
Property description
The Fairmount Avenue Apartments is a 7-unit, value-add multifamily investment opportunity. The property is surrounded by many residential remodeled projects in a gentrifying location of Phoenix. The Fairmount Avenue Apartments features an attractive unit mix consisting of (4) one-bed / one-bath, (2) two-bed / one-bath, and (1) three-bed / one-bath units. The property has many potential features to add value through interior and exterior renovations. Each unit has access to a private back patio. All units have been renovated except one unit. Each unit have brand new HVAC's, roof, & parking lot.
Listed by
Listing Agent - Dallin J Hammond
Listing Office - ABI Multifamily
Source: ARMLS mls logo
MLS#5840239 • last updated 1 year ago
Movoto checked ARMLS for data 15 minutes ago
Overview
Cooling/AC Central Air
Heating Electric
MLS # 5840239
Type Multiple Dwellings
Status Closed
Property Tax 1882
Year Built 1955
Interior
Flooring Vinyl
Appliances Dishwasher, Refrigerator, Microwave
Exterior
Roof Concrete
Construction Wood Frame, Painted, Stucco
Parking Paved, Free, On Street
# of Open Parking Spaces 12
Amenities / Utilities
Water Source Master Meter
Sewer/Septic Public Sewer
Location
Subdivision KAY TRACT
Community Features No Pool
Elementary School District Osborn Elementary District
APN 118-03-028-C
Zoning R-3
Multifamily Details
Total # of Units 7
Expense: Operating 17179
Financial Data Source Projected Proforma
Expense: Maintenance 3000
Vacancy Allowance 0.05
Expense: Insurance 1400
Net Operating Income 39363
Gross Income 64980
Expense: Professional Management 4300
Expense: Water/Sewer 5397
Gross Scheduled Income 67200
Expense: Gardener 1200
We are not permitted to show value estimates for this property.
  • Dec 2018
    mls logo MLS # 5840239
  • Dec 28, 2018 Sold
    $575,000 (+107.2%)
  • Dec 2015
    mls logo MLS # 5345193
  • Dec 30, 2015 Sold
    $277,500 (+46.1%)
  • Dec 2013
    mls logo MLS # 5038561
  • Dec 30, 2013 Sold
    $190,000
  • 1030 E Fairmount Ave
    $575K
  • Kay Tract
    $539K
  • 85014
    $460K -17% y/y
  • Phoenix
    $474K -1% y/y
No chart available
Statistics calculated by Movoto

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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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