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1841 W Fairmount Ave
Phoenix, AZ 85015
Multifamily Property For Sale
·
10 Units
EXECUTIVE SUMMARY
Exceptional Investment Opportunity - 10-Unit Apartment Complex with Strong Value-Add Potential Discover an incredible opportunity to acquire a well-maintained 10-unit multifamily property offering consistent income and long-term upside. This garden-style community, originally constructed in 1971 and 1992, features nine one-bedroom/one-bath units and one two-bedroom/one-bath unit—each equipped with individual electric meters, dedicated HVAC systems, and separate storage lockers. The property provides 12 off-street parking spaces and a shared community laundry room for resident convenience. The complex has been fully leased and professionally managed for many years under a state-run organization, with the current master lease expiring in March.
Ownership currently receives a single monthly payment and is responsible only for property taxes.
Showings are available by appointment only with a minimum of 24 hours' notice. Please do not disturb tenants.
Additionally, the adjacent property at 1829 W Fairmount Avea 3-bedroom, 3-bath homeis also available for purchase from the same owner. A bundle opportunity may be considered for qualified buyers.
Ownership currently receives a single monthly payment and is responsible only for property taxes.
Showings are available by appointment only with a minimum of 24 hours' notice. Please do not disturb tenants.
Additionally, the adjacent property at 1829 W Fairmount Avea 3-bedroom, 3-bath homeis also available for purchase from the same owner. A bundle opportunity may be considered for qualified buyers.
PROPERTY FACTS
| Price Per Unit | $220,014 CAD | Apartment Style | Garden |
| Sale Type | Investment | Building Class | C |
| Sale Condition | 1031 Exchange | Lot Size | 0.20 AC |
| No. Units | 10 | Building Size | 6,786 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1971/1992 |
| Zoning | M-H | ||
| Price Per Unit | $220,014 CAD |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 6,786 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1971/1992 |
| Zoning | M-H |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Storage Space
- Ceiling Fans
- Kitchen
- Yard
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 9 | - | 698 |
| 2+1 | 1 | - | 900 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $4,540 CAD | Total Assessment | $44,581 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$4,540 CAD
Improvements Assessment
$0 CAD
Total Assessment
$44,581 CAD
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