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    1016 E Fairmount Avenue

    Phoenix, AZ 85014
    • $880,000
    • STATUS: Active
    • ON SITE: 58 days
    • MLS #: 6109260
    UPDATED: 29 min ago
    $880,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:
    Area:

    School Ratings & Info

    Description

    The four buildings that make up 1016 East Fairmount Avenue are of wood frame construction, with an initial bungalow built in 1928. The other three buildings were constructed between 1962 and 1963. Tenants have easy access to the property from both Fairmount & Amelia Avenue. Upon completion of interior and exterior renovations, the value-add investor will be thrilled with the demand for renovated rentals in the neighborhood. The buildings are situated in a fashion that offers a wide variety of options in the execution of renovations. One thing is certain, the chance for investors to come by ''blank slate'' value-add opportunities with this much upside potential is becoming increasingly rare.

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    © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Maison DeBlanc Real Estate. Data last updated 2020-09-25T11:13:13.12.
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    1016 E Fairmount Avenue Phoenix, AZ 85014

    • Price: $880,000
    • Status: Active
    • Updated: 29 min ago
    • MLS #: 6109260
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1963
    Built
    Neighborhood:
    Kay Tract
    County:
    Maricopa
    Area:
    Phoenix
    School District:
    008 - Osborn Elementary District
    Property Description
    The four buildings that make up 1016 East Fairmount Avenue are of wood frame construction, with an initial bungalow built in 1928. The other three buildings were constructed between 1962 and 1963. Tenants have easy access to the property from both Fairmount & Amelia Avenue. Upon completion of interior and exterior renovations, the value-add investor will be thrilled with the demand for renovated rentals in the neighborhood. The buildings are situated in a fashion that offers a wide variety of options in the execution of renovations. One thing is certain, the chance for investors to come by ''blank slate'' value-add opportunities with this much upside potential is becoming increasingly rare.
    Exterior Features

    Construction Frame - WoodOther (See Remarks) Construction Finish Other (See Remarks) Covered Parking Spaces 0.00 Exterior Amenities Other (See Remarks) Lot Size Dimensions 66 Ft X 280 Ft Parking >1 Space Per UnitOther (See Remarks)Street Parking Roads AsphaltGravel Roofing Comp ShingleOther (See Remarks)

    Interior Features

    1 Bedroom Unit Avg Sq Ft 550 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 736 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included Other (See Remarks) Cooling Central A/COther (See Remarks) Efficiency Unit Avg Sq Ft 400 Efficiency Unit Baths 1 Floors Other (See Remarks) Heating Other (See Remarks) Interior Amenities Other (See Remarks)

    Property Features

    1 Bedroom Unit Avg Rent 1028.00 1 Bedroom Units 6 2 Bedroom Unit Avg Rent 1195.00 2 Bedroom Units 1 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 0.00 Annual Ownr Asoc Fee 0.00 Community Amenities No PoolOther (See Remarks) Efficiency Unit Avg Rent 895.00 Efficiency Units 1 Electric ApsOther (See Remarks) Gas Other (See Remarks)Sw Gas Gross Annual Sch Inc 0.00 Hoa YN No Net Operating Income 0.00 New Financing Other (See Remarks) Operating Exp 2054.00 Other Income 0.00 Owner Pays LandscapingSewerTrash CollectionWater Project Type 5 - 12 Units Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Other (See Remarks)Projected Proforma Tax Municipality Phoenix Taxes 2054.00 Tenant Pays ElectricGas Vacancy Allowance 0.00 Water City FranchiseMaster Meter Zoning R-3

    Listing courtesy of Abi Multifamily.


    © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Maison DeBlanc Real Estate. Data last updated 2020-09-25T11:13:13.12.
     
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