Homes for sale - 1934 E Fairmount Avenue, Phoenix, AZ 85016

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Chelsey Hernandez

chelseyhernandez.realestate@gmail.com +1(480) 690-2606

$ 1,725,000

Est. payment | -/mo

Save

$ 1,725,000

Est. payment | -/mo

Save

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 6903360

Maintenance Fees $3,600

Year Built 1963

Annual Tax Amount $2,878

Tax Year 2024

Lot Dimensions 0.29

Source Arizona Regional Multiple Listing Service (ARMLS)

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 Valley. 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

Cooling Individual

Flooring Vinyl

Appliance Free-Standing Range, Refrigerator, Washer/Dryer

Exterior

Parking Features 1 Space/Unit

Community Features No Pool

Roof Type Composition

Private Pool No

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Others

Senior Community No

Tax ID 119-28-124-B

Acceptable Financing Conventional, 1031 Exchange

Disclosures None

Listing Terms Conventional, 1031 Exchange

Listed by Marcus & Millichap

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(480) 690-2606

chelseyhernandez.realestate@gmail.com

5304 E Southern Ave, Ste 101, Mesa, 85206

1934 E Fairmount Avenue Phoenix, AZ 85016