1841 W Fairmount Avenue, Phoenix, AZ 85015
Local realty services provided by:Better Homes and Gardens Real Estate BloomTree Realty
1841 W Fairmount Avenue,Phoenix, AZ 85015
$1,695,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by:paul d eide
Office:delex realty
MLS#:6942492
Source:ARMLS
Price summary
- Price:$1,695,000
About this home
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 under a state-run organization, with the current master lease expiring in March. 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.
Contact an agent
Home facts
- Year built:1982
- Listing ID #:6942492
- Updated:November 04, 2025 at 05:39 PM
Structure and exterior
- Year built:1982
Utilities
- Water:City Franchise
Finances and disclosures
- Price:$1,695,000
- Tax amount:$3,644
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