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2104 - 2122 E Fairmount Avenue - Mode Apartments, Phoenix, AZ

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2104 - 2122 E Fairmount Avenue - Mode Apartments

Phoenix, AZ 85016-6134 - Biltmore MF Submarket

Property Type:Multi-Family Number of Units:26 Status:Existing Year Built:1964
Stories:1 Building Size:17,467 SF Land Area:2.18 AC (94,961 SF)
For Sale Price:$3,735,000 Price/Unit:$143,653.85 Cap Rate:6.10 % GRM:-

Parking:1.54 Parking Spaces / 1,000 SF

Property Description: Multi Family - 26 Units

Apartment Unit: SFR

Sale Notes:
For access to the offering memorandum and detailed property information, please click on the property website link above & complete the electronic Confidentiality Agreement.

Mode@Fairmount is a 23-unit contemporary boutique apartment community located in a highly desirable east Phoenix location that has recently been completely renovated and repositioned with premium finishes. The property is made of block construction with pitched composition shingle roofs and is individually-metered for electricity.

The unit mix is comprised of a single one bedroom unit and twenty-two 2 bedroom floor plans that are very well designed and range in size from 549 to 769 square feet. The units have been extensively renovated and feature modern shaker style cabinetry with brushed nickel hardware, new countertops with subway tile backsplashes.

The property is situated on a large lot of approximately 1.72 acres and has attractive landscaping with lush turf, mature shade trees and low maintenance desert plants. Exterior renovations include two-toned paint scheme, resurfaced swimming pool with new furniture, a grilling station, professionally designed landscaping, and a resurfaced parking lot.
Mode@Fairmount is situated just southwest of Indian School Road and 24th Street on Fairmount Avenue in east Phoenix. With unparalleled access to both the freeway and transit networks, the subject property places residents within proximity to the dynamic Midtown and Downtown Corridors as well as other central employment and entertainment hubs in the Phoenix area.
Property tours are by appointment only.
Please contact the CBRE team to schedule a property tour.

Property website:

Brian Smuckler
(602) 735-5688

Jeff Seaman
(602) 735-5634

Derek Smigiel
(602) 735-5632

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