1841 W FAIRMOUNT Avenue new Save Request In-Person Tour Request Virtual Tour
Phoenix,AZ 85015
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Long Estates
MLS Listing ID 6942492
Year Built 1982
Annual Tax Amount $3,644
Tax Year 2024
Lot Dimensions 128 x 146
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
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.
Location
State AZ
County Maricopa
Community Long Estates
Area Maricopa
Zoning Res Rental
Interior
Cooling Central Air
Flooring Flooring
Appliance Refrigerator,Free-Standing Gas Oven
Exterior
Parking Features 1 Space/Unit
Community Features No Pool
Roof Type Tile,Concrete
Private Pool No
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 110-07-001
Acceptable Financing No Carry,Conventional
Disclosures None
Listing Terms No Carry,Conventional