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2102 E Fairmount Avenue

Phoenix, AZ 85016
  • $750,000
  • STATUS: Pending
  • ON SITE: 8 Days
  • MLS #: 6325134
Pending
UPDATED: 68 min ago
$750,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1960
County:
Area:

School Ratings & Info

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.

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© 2021 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 West USA Realty. Data last updated 2021-12-03T19:12:43.993.
www.househelpersaz.com/homes/123552665
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2102 E Fairmount Avenue Phoenix, AZ 85016

  • Price: $750,000
  • Status: Pending
  • On Site: 8 Days
  • Updated: 68 min ago
  • MLS #: 6325134
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1960
Built
County:
Maricopa
Area:
Phoenix
School District:
014 - Creighton Elementary District
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.
Exterior Features

Construction Block Construction Finish Painted Covered Parking Spaces 7.00 Exterior Amenities Cable Tv AvailableOther (See Remarks)Partially FencedPatio/BalconyRv/Boat ParkingSeparate Storage Lot Size Dimensions 66' X 271' Parking >1 Space Per Unit1 Space/UnitAssignedCarportFreePaved ParkingRv/Boat Parking Roads Concrete Roofing Comp ShingleFoam

Interior Features

1 Bedroom Unit Avg Sq Ft 400 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 700 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 1800 3 Bedroom Unit Baths 2 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included DisposalF/S Oven/RangeRefrigeratorWasher/Dryer Cooling Ceiling Fan(S)Central A/CElectric Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors CarpetCeramic TileVinyl Heating CentralElectric

Property Features

1 Bedroom Unit Avg Rent 800.00 1 Bedroom Units 1 2 Bedroom Unit Avg Rent 1200.00 2 Bedroom Units 2 3 Bedroom Unit Avg Rent 2000.00 3 Bedroom Units 1 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 59280.00 Annual Ins Exp 2000.00 Annual Landscape Exp 300.00 Annual Maint Exp 1800.00 Annual Mgmt Exp 4992.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Wtr Swr Exp 2600.00 Community Amenities Other Cross Street 24th St & I.S. Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric ApsIndividual Meter Gas None Gross Annual Sch Inc 62400.00 Hoa YN No Net Operating Income 46392.00 New Financing 1031 ExchangeConventionalNo CarryTradeVa Operating Exp 12888.00 Other Income 0.00 Owner Pays SewerTrash CollectionWater Project Type Four Plex Sale Includes Land & BuildingLaundry Equipment Sewer Sewer - Public Source Of Financial Data Projected Proforma Special Accept Backups (Clo) Tax Municipality Phoenix Taxes 1196.00 Tenant Pays Electric Totl Mnth Rntal Inc 5200.00 Vacancy Allowance 0.05 Water City Franchise Zoning M-M/R-3

Listing courtesy of Axis Property Advisors.


© 2021 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 West USA Realty. Data last updated 2021-12-03T19:12:43.993.
 
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West USA Realty
2340 E. Beardsley Rd. #110
Phoenix AZ, 85024