Movoto Real Estate
Sold on 08/11/2022

2102 E Fairmount Ave, Phoenix, AZ 85016

  • $700,000

    Last sold 08/11/2022 after 260 Days

  • 8

    bed

  • 7

    bath

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

About 2102 E Fairmount Ave

Property type Multi-family
Neighborhood
Year built 1960
HOA fee $0/month
Property description
Here we go!! Value Add, 4 unit on 0.4 Acres in Biltmore/Midtown, right off the AZ51 and Indian School Rd. This is a unique property with many extras including unit patios, covered parking, laundry in most units, on a large 0.4 Ac lot (66'Wx271'D) with secure storage and wired workshop. Potential commercial use or redevelopment should also be considered. The rear structure (3+/2) is an attached manufactured home (1988 built) with it's own gated parking that includes 4 covered spaces, a private back yard, covered patio, and container sized work-shed and extras. The front building is a triplex including a 2/1, a S+/1, and second 2/1. All units are on month to month leases and under market rent. All tenants are aware of the sale. Rents listed below are projected, not actual.
Listed by
Listing Agent - Jon David Benton
Listing Office - AXIS Real Estate
Source: ARMLS mls logo
MLS#6325134 • last updated 1 year ago
Movoto checked ARMLS for data 5 minutes ago
Overview
Cooling/AC Central Air, Ceiling Fan(s), Electric
Heating Central, Electric
MLS # 6325134
Type Multiple Dwellings
Status Closed
Property Tax 1196
Year Built 1960
Interior
Flooring Carpet, Ceramic Tile, Vinyl
Appliances Free-Standing Range, Disposal, Refrigerator, Washer/Dryer
Exterior
Roof Composition, Foam
Construction Painted, Block
Parking RV Access/Parking, Paved, Free, Assigned, >1 Space Per Unit, 1 Space/Unit, Carport
# of Open Parking Spaces 5
# of Covered Spaces 7
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Community Features Other
Elementary School District Creighton Elementary District
High School District Phoenix Union High School District
APN 119-21-026-M
Zoning M-M/R-3
Directions West To 22nd St. South To Fairmount Ave. West To Property.
Multifamily Details
Total # of Units 4
Expense: Operating 12888
Financial Data Source Projected Proforma
Expense: Maintenance 1800
Vacancy Allowance 0.05
Expense: Insurance 2000
Net Operating Income 46392
Gross Income 59280
Expense: Professional Management 4992
Expense: Water/Sewer 2600
Gross Scheduled Income 62400
Expense: Gardener 300
We are not permitted to show value estimates for this property.
  • Sep 2023
    mls logo MLS # 6587222
  • Sep 30, 2023 Sold
  • Sep 25, 2023 Pending
  • Sep 22, 2023 Sold
  • Sep 6, 2023 Pending
  • Sep 1, 2023 Sold
    $869,000
  • Aug 8, 2023 Pending
  • Aug 1, 2023 Listed
    $869,000 (+24.1%)
  • Jul 2022
    mls logo MLS # 6325134
  • Jul 12, 2022 Sold
    $700,000 (-6.7%)
  • Jan 10, 2022 Pending
  • Dec 4, 2021 Listed
  • Dec 2, 2021 Pending
  • Nov 24, 2021 Listed
    $750,000
  • 2102 E Fairmount Ave
    $700K
  • Camelback East
    $762K
  • 85016
    $584K -2% y/y
  • Phoenix
    $474K -2% y/y
No chart available
Statistics calculated by Movoto

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2/10
2/10
8/10
Source: GreatSchools.org © 2026. All rights reserved.

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