1841 W Fairmount Avenue, Phoenix, AZ 85015
- $1,100,000
- Sold Price
- $1,100,000
- List Price
- $1,400,000
- Closing Date
- Mar 31, 2026
- Days on Market
- 148
- Status
- CLOSED
- MLS#
- 6942492
- City
- Phoenix
- Subdivision
- Long Estates
- Year Built
- 1982
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, with the current master lease expiring in March. Appraisal completed Sept 2025 and available upon request. 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.
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Additional Information
- Community Features
- No Pool
- Construction
- Wood Frame, Painted
- Cooling
- Central Air
- Electric
- APS
- Heating
- Forced Air
- New Financing
- Conventional, No Carry, Cash
- Parking Features
- 1 Space/Unit, Off Street
- Roofing
- Tile, Concrete
- Subdivision
- Long Estates
- Taxes
- $3,644
- Tax Year
- 2024
- Tenant Pays
- See Remarks
- Units
- 10
- Water
- City Franchise
- Zoning
- Res Rental
Courtesy of DeLex Realty. 602-910-3002 Selling Office: Gentry Real Estate.
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