2102 E Fairmount Avenue, Phoenix, AZ 85016

$750,000
List Price
$750,000
Status
ACTIVE
Days on Market
7
MLS#
6325134
City
Phoenix
Lot Size
7
Year Built
1960

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.

Additional Information

Gross Annual Sch Inc
62400
Adjusted Gross Inc
59280
Taxes
$1,196
Annual Ins Exp
2000
Annual Mgmt Exp
4992
Annual Maint Exp
1800
Annual Water Sewer Exp
2600
Annual Landscape Exp
300
Operating Exp
12888
Net Operating Income
$46,392
Units
4
Project Type
Four Plex
Construction
Block
Roofing
Comp Shingle, Foam
Parking
>1 Space Per Unit, 1 Space/Unit, Assigned, Carport, Free, Paved Parking, RV/Boat Parking
Cooling
Ceiling Fan(s), Central A/C, Electric
Heating
Central, Electric
Floors
Carpet, Ceramic Tile, Vinyl
Exterior Amenities
Cable TV Available, Other (See Remarks), Partially Fenced, Patio/Balcony, RV/Boat Parking, Separate Storage
Zoning
M-M/R-3
Community Amenities
Other
Electric
APS, Individual Meter
Gas
None
Water
City Franchise
Sewer
Sewer - Public
Tenant Pays
Electric
New Financing
1031 Exchange, Conventional, No Carry, Trade, VA
School District
210 - Phoenix Union High School District

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of AXIS Property Advisors.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.