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Sold on 01/30/2024
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925 E Fairmount Ave, Phoenix, AZ 85014

  • $950,000

    Last sold 01/30/2024 after 114 Days

  • 6

    bed

  • 4

    bath

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

About 925 E Fairmount Ave

Property type Multi-family
Neighborhood
Year built 1977
HOA fee $0/month
Property description
Are you looking for a lucrative investment property in the heart of Phoenix, AZ? Look no further! An exceptional 4-plex property at 925 E Fairmount Ave conveniently situated near Banner Hospital and boasting numerous upgrades. Property Highlights: Location, Location, Location: Nestled in a highly desirable area of Phoenix, this 4-plex property enjoys close proximity to Banner Hospital, making it a prime spot for potential tenants and a strong rental market. Fully Occupied: All four units are currently fully occupied, ensuring a steady stream of rental income from day one. No need to worry about vacancies or turnover costs! Recent Upgrades:** This property has been thoughtfully maintained and upgraded. Newer air conditioners and a newer roof provide peace of mind and reduce maintenance
Listed by
Listing Agent - Linda S Gerchick
Listing Office - Gerchick Real Estate
Source: ARMLS mls logo
MLS#6615379 • last updated 6 months ago
Movoto checked ARMLS for data 2 minutes ago
Overview
Cooling/AC Ceiling Fan(s), Heat Pump, Individual
Heating Individual, Heat Pump
MLS # 6615379
Type Multiple Dwellings
Status Closed
Property Tax 3264
Year Built 1977
Interior
Flooring Ceramic Tile
Appliances Free-Standing Range, Disposal, Dishwasher, Refrigerator, W/D Hookup
Exterior
Roof Composition
Construction Painted, Block
Parking Free, >1 Space Per Unit, Carport
# of Open Parking Spaces 6
Amenities / Utilities
Water Source Master Meter, City Franchise
Sewer/Septic Sewer-In & Connected, Public Sewer
Location
Community Features See Remarks
Elementary School District Osborn Elementary District
High School District Phoenix Union High School District
APN 118-05-037-A
Zoning R-3
Multifamily Details
Total # of Units 4
Expense: Operating 13555
Financial Data Source Owner, Books Shwn Accpt Ofr
Expense: Maintenance 1000
Vacancy Allowance 0.03
Expense: Insurance 2256
Net Operating Income 45382
Gross Income 58898.4
Expense: Professional Management 4715
Expense: Water/Sewer 1920
Gross Scheduled Income 59280
Expense: Gardener 400
We are not permitted to show value estimates for this property.
  • Jan 2024
    mls logo MLS # 6615379
  • Jan 30, 2024 Sold
    $950,000 (-4.5%)
  • Jan 17, 2024 Pending
    —
  • Nov 2, 2023 Price Change
    $995,000 (-5.2%)
  • Oct 8, 2023 Listed
    $1,050,000 (+10.5%)
  • Oct 2022
    mls logo MLS # 6442410
  • Oct 19, 2022 Price Change
    $949,900 (-5.0%)
  • Sep 15, 2022 Price Change
    $999,750 (-2.8%)
  • Sep 7, 2022 Price Change
    $1,029,000 (-2.0%)
  • Jul 30, 2022 Listed
    $1,050,000
  • 925 E Fairmount Ave
    $950K
  • Encanto
    $539K
  • 85014
    $459K -18% y/y
  • Phoenix
    $473K -2% 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
8/10
Phoenix Coding Academy
public Grades 9-12
Phoenix Union High School District
3/10
North High School
public Grades 9-12
Phoenix Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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