$2,100,000 USD
949-533-5594
1017-1031 E Fairmount Ave
Phoenix, AZ 85014
Midtown Phoenix
HIGHLIGHTS
- 8-unit boutique apartment community with ±6,559 SF in Midtown Phoenix
- Current cap rate of 6.03% and NOI of $126,680 at $2,100,000 list price
- Six of eight units renovated with luxury finishes and in-unit laundry
- Three private garages, four carport spaces, and four private storage units
- Large private front and back yards with mature landscaping and citrus trees
- Fully occupied, stabilized asset with immediate in-place yield and upside
FOR SALE DETAILS
PRICE
$2,100,000 USD
PRICE/SF
$325 USD /SF
# OF UNITS
8
PRICE/UNIT
$262,500
CAP RATE
6.03%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Residences at Fairmount
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1966
PARKING SPACES
12
LAND DETAILS
LAND ACRES
0.15 AC
LAND SF
6,534 SF
ZONING
R-3
APN/PARCEL ID
118-06-017B
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949-533-5594
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949-533-5594
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