925 E Fairmount Avenue, Phoenix, AZ 85014

$1,050,000
List Price
$1,050,000
Status
ACTIVE
Days on Market
10
MLS#
6442410
City
Phoenix
Lot Size
4
Year Built
1977

Property Description

Great opportunity in Central Phoenix to own this 4 unit apartment building on a peaceful corner lot with a perfect unit mix! The building has been carefully cared for with upgraded interiors; fresh paint, tile flooring, granite countertops, stainless steel appliances, open living area, dual pane windows, new doors, new hot water heaters and newer AC units. Each unit is individually metered. Bedrooms are large with plenty of closet space and ceiling fans. Exterior was freshly painted with smooth stucco. Large palm trees and clean desert landscaping with a brand new fenced in courtyard make this a peaceful oasis and low maintenance. Each unit has a private patio with w/d hookup. There are 4 storage rooms onsite and 4 covered parking spaces for additional income as well. Buyer to verify

Additional Information

Gross Annual Sch Inc
50880
Adjusted Gross Inc
49353
Taxes
$3,305
Annual Landscape Exp
1000
Operating Exp
4305
Net Operating Income
$39,976
Units
4
Project Type
Four Plex
Construction
Frame - Wood
Roofing
Comp Shingle
Parking
1 Space/Unit, Add'l Parking Avail, Carport, Free, Paved Parking, Street Parking
Cooling
Ceiling Fan(s), Central A/C
Heating
Central
Floors
Ceramic Tile
Interior Amenities
Fire/Smoke Alarm(s), Unfurnished
Exterior Amenities
Desert Landscaping, Fenced, Partially Fenced, Patio/Balcony, Separate Storage
Zoning
R-3
Subdivision
Stacy Tract
Community Amenities
No Pool
Electric
APS, Individual Meter
Gas
Individual Meter, SW Gas
Water
City Franchise, Master Meter
Sewer
Sewer - Public
Tenant Pays
Cable TV, Electric, Gas
New Financing
1031 Exchange, Conventional, FHA
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 HomeSmart.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved.