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Buy a multi-family propertyat 2102 E Fairmount Avenue, Phoenix, AZ 85016

$869,000

$0/mo

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Multifamily

275 Days on market

6587222 MLS ID

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About 2102 E Fairmount Avenue multi-family property

The property is located just south of The Esplanade & Biltmore Fashion Park in the heart of Phoenix. Currently, the property has 2 buildings that are made up of one single-family home & a Triplex. The offering consists of 1 parcel 17,642 of square feet zoned R-3. The property is conveniently located just south of Indian School Road with proximity to SR-51, allowing access to the Loop 202 and I-10 Freeway. The immediate neighborhood has seen a resurgence of redevelopment with new Class A townhomes, Apartments, and single-family redevelopments.
The property is located just south of The Esplanade & Biltmore Fashion Park in the heart of Phoenix. Currently, the property has 2 buildings that are made up of one single-family home & a Triplex. The offering consists of 1 parcel 17,642 of square feet zoned R-3. The property is conveniently located just south of Indian School Road with proximity to SR-51, allowing access to the Loop 202 and I-10 Freeway. The immediate neighborhood has seen a resurgence of redevelopment with new Class A townhomes, Apartments, and single-family redevelopments.

Property details

Listing

Source: Arizona Regional MLS

Bedrooms

1 one bedroom unit

One bedroom units: average rent: $800

2 two bedroom units

Two bedroom units: average rent: $1,500

1 three bedroom unit

Three bedroom units: average rent: $1,800

Location

City/Town: Phoenix

County: Maricopa

Building

Built in 1960

2 buildings

Marketing name: Biltmore

4 units

Painted

Block

Four Plex

Exterior Features

Cable TV Available

Other (See Remarks)

Partially Fenced

Patio/Balcony

RV/Boat Parking

Separate Storage

Floors

Carpet

Ceramic Tile

Vinyl

Roof

Comp Shingle

Foam

Property

Property type: F

Zoning: R-3

Expenses

Operating expense: $12,039

Annual electricity expense: $1,524

Annual water/sewer expense: $583

Income

Adjusted gross income: 62829.20

Net operating income: 54097.00

Lot

Size: 66 x 271

Lot number: NA

Amenities

No Pool

Appliances & Equipment

Disposal

F/S Oven/Range

Refrigerator

Washer/Dryer

Parking

7 parking spaces

7 covered parking spaces

1 Space/Unit

Assigned

Carport

Free

Paved Parking

RV/Boat Parking

Cooling

Ceiling Fan(s)

Central A/C

Electric

Heating

Central

Electric

Water Features

City Franchise

Utilities

APS

Individual Meter

None

Sewer - Public

Home Owner's Association

Homeowners' association: No

Taxes

Taxes: 1161.00

Year: 2022

Municipality: Phoenix

Miscellaneous

Landscaping

Trash Collection

Electric

Sewer

Water

Monthly cost

Estimated monthly cost

$5,465/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$816,860

+$26,070

$842,930

Seller agent commission$26,070 (3%)*

$0 (0%)

Buyer agent commission$26,070 (3%)*

$26,070 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $26,070 more selling your home
with an Unreal Estate agent

Start free MLS listing
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Unreal Estate checked: Aug 8, 2023 at 4:31 p.m.

Data updated: Aug 3, 2023 at 5:02 a.m.

Courtesy of Orion Investment Real Estate
This content last updated on 08/03/2023. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Listing Information © 2024 Arizona Regional Multiple Listing Service, Inc.

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