1021 E Fairmount Avenue, Phoenix, AZ 85014

$1,950,000

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List Price
$1,950,000
Price Change
▼ $150,000 1777343446
Days on Market
137
Status
ACTIVE
MLS#
6997176
City
Phoenix
Subdivision
West Idlewilde
Year Built
1964

Property Description

1017 -1031 E Fairmount is an 8-unit apartment community located in the highly desirable Midtown Phoenix submarket. Built in 1966, The unit mix consists of (3) 1x1 units, (3) 2x1 units, and (2) 2x1.5 units, with an average rent of $1,528. 6 of the 8 units have been fully renovated with thoughtful, durable improvements including luxury vinyl plank flooring, quartz countertops, workstation-style extra-wide sinks, mini range hoods, updated light fixtures, and refreshed bathrooms featuring new tubs, tile backsplash, and modern vanities. All units offering in-suite washer/dryer or dedicated W/D access. The property also features large private front and backyards, 3 private garages, 2 covered carport spaces, and lush landscaping. 6.03% cap rate on current financials.

Additional Information

Elementary School
Longview Elementary School
High School
North High School
Middle School
Longview Elementary School
Community Features
No Pool
Construction
Block, Wood Frame, Painted
Cooling
Electric
Electric
APS, Individual Meter
Exterior Features
Sidewalk(s)
Heating
Natural Gas
New Financing
Conventional, 1031 Exchange, Other (See Remarks), Cash
Parking Features
Carport, On Street
Roofing
Composition
Sewer
Sewer-In & Connected
Subdivision
West Idlewilde
Taxes
$4,003
Tax Year
2025
Tenant Pays
Electricity, Gas
Units
8
Water
City Franchise
Zoning
R-3

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Matthews Real Estate Investment Services.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.