Address
1016 E Fairmount Avenue Phoenix, AZ
Price
$ 880,000
Property Attributes
  • MLS#6109260
  • TypeMulti-Family
  • CountyMARICOPA
  • CityPhoenix
  • NeighborhoodKay Tract
  • Zip85014
  • Style
  • Year Built1963
  • Taxes2054
  • Price$ 880,000
  • Bedrooms8
  • Full Bathrooms7
  • Half Bathrooms0
  • Sqr Footage4036
Listing Provided Courtesy Of:
ABI Multifamily
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.

Price History
7/28/2020 Listed $880,000

General Features

1 Bedroom Units: Avg Rent 1028.00
2 Bedroom Units: Avg Rent 1195.00
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
Construction Frame - Wood, Other (See Remarks)
Cooling Central A/C, Other (See Remarks)
Electric APS, Other (See Remarks)
Exterior Features Other (See Remarks)
Features No Pool, Other (See Remarks)
Heating Other (See Remarks)
Interior Features Other (See Remarks)
Map Code/Grid P34
Net Income 0.00
New Financing Other (See Remarks)
Owner Pays Landscaping, Sewer, Trash Collection, Water
Parking >1 Space Per Unit, Other (See Remarks), Street Parking
Property Type F
Public Remarks The four buildings that make up 1016 East Fairmount Avenue are of wood frame construction
Roof Comp Shingle, Other (See Remarks)
School District 008 - Osborn Elementary District
Sewer Sewer - Public
Status Active
Subdivision KAY TRACT
Tenant Pays Electric, Gas
Water City Franchise, Master Meter
Year Built 1963
Zoning R-3

Interior Features

1 Bedroom Units: # 1 Bedroom Units 6
1 Bedroom Units: # Baths 1
1 Bedroom Units: Avg Sqft 550
2 Bedroom Units: # 2 Bedroom Units 1
2 Bedroom Units: # Baths 1
2 Bedroom Units: Avg Sqft 736
Appliances Included Other (See Remarks)
Floors Other (See Remarks)
Gas Other (See Remarks), SW Gas
Total Number of Units 8.00

Exterior Features

Sale Includes Land & Building
Const - Finish Other (See Remarks)
Covered Parking Spcs 0.00
Lot Size Dimensions 66 ft x 280 ft
Total Parking Spcs 12.00

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 85014

Price
AVG $1.61M
$880K
Taxes
AVG $1,893
$2,054
Visits
AVG 94
74
Year Built
AVG 1973
1963

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