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$ 1,800,000

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1934 E Fairmount Avenue Phoenix, AZ 85016

UPDATED:

01/31/2025 08:17 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 6813629

Maintenance Fees $3,600

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 1963

Annual Tax Amount $2,741

Tax Year 2024

Lot Dimensions 0.29

Property Description

Ideally positioned in a coveted centralized location, 1934 Fairmount (''the property'') is an 8-unit apartment community primely located immediately Southwest of the Indian School Road and 20th Street intersection, in the heart of the Biltmore Submarket. Its nearby proximity to State Route 51, a major transportation artery, affords residents direct access to simple passage within desirable commute times to nearly any destination across The Val-ley. Some of those nearby destinations include a number of the most prominent employment and entertainment corridors in the state. Located less than a mile of 1934 Fairmount sits Biltmore's Shops at Town & Country and Camelback Colonnade, offering residents convenient access to ±1.51M square feet of retail showcasing retailers such as Whole Foods, Trader Joe's, Best Buy and Nordstrom Rack. The Camelback Employment Corridor, where names such as Cisco , Charles Schwab, Accenture, and Humana are stationed is home to ±46,000 employees and ±1,200 employers. also offers numerous dining and entertainment amenities. Additionally, Midtown is home to the Innovation Employment Corridor, which runs down Central Avenue, presenting employment opportunities from some of the most prolific companies in Arizona such as Banner Health and IBM. Together, the Camelback and Innovation Corridors showcase over ±117,000 employees and ±3,300 employers.

Built in 1971 and renovated in 2021, 1934 Fairmount is comprised of 100% one-bedroom floorplans covering an average of ±558 square feet. The interiors for all 8 units have been renovated and the entire exterior community space has been updated with new paint and landscaping. Future ownership will have the opportunity to add in-suite washer/dryer units and front patios.

Location

State AZ

County Maricopa

Zoning R-4

Interior

Heating Individual, Electric

Cooling Electric, Individual

Flooring Ceramic Tile, Vinyl

Appliance F/S Oven/Range, Microwave, Washer/Dryer

Exterior

Parking Features 1 Space/Unit

Community Features No Pool

Roof Type Composition

Total Parking Spaces 8

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

School District Phoenix Union High School District

Others

Senior Community No

Tax ID 119-28-124-B

Acceptable Financing Conventional, 1031 Exchange, FHA

Listing Terms Conventional, 1031 Exchange, FHA

Listed by Marcus & Millichap

Angela Scott

Advisor | License ID: SA570172000

+1(480) 299-3417

Angela Scott

1934 E Fairmount Avenue Phoenix, AZ 85016

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1934 E Fairmount Avenue