$1,000,000
$20K PRICE INCREASE

1016 E Fairmount Ave Phoenix, AZ 85014

Central City Neighborhood

Estimated payment $5,427/month

Total Views 4,328
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Central Air
  • Ceiling Fan
  • Vinyl Flooring
  • Phoenix Coding Academy Rated A
  • Heating unit installed on the ceiling

About This Home

Must be sold with the 3 other parcels. Herradura Villas (Fourplex) has undergone a comprehensive renovation with no detail overlooked and sitting on +-.4 acres. Each unit is 1-bedroom, 1-bathroom units boasts high-end finishes and thoughtful upgrades, including brand-new roofs, tankless water heaters, new sewer and water lines, smooth synthetic stucco with foam backing, upgraded electrical systems and panels, modern kitchen cabinetry, flooring, and bathrooms. All permitted with certificates of Occupancy. Each unit is individually metered for electricity and gas, while each building is individually metered for water. All buildings at the property have received extensive infrastructure upgrades, making this community a turn-key, low-maintenance investment.

Listing Agent

Dallin Hammond

ABI Multifamily License #SA677560000 Listed on: 07/25/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,255

Year Built

  • Built in 1963

Lot Details

  • Additional Parcels

Home Design

  • Foam Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Vinyl Flooring

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces
  • Over 1 Space Per Unit
  • On-Street Parking

Utilities

  • Central Air
  • Heating unit installed on the ceiling
  • Individual Controls for Heating

Listing and Financial Details

  • Tax Lot 26
  • Assessor Parcel Number 118-03-032-A

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 66.07x280.76x63.08x283.85
  • Kay Tract Subdivision

Building Details

  • Operating Expense $2,255
  • Gross Income $65,892
  • Net Operating Income $54,725

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,255

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1963
  • Tax Year: 2024
  • Subdivision Name: KAY TRACT
  • Tax Parcel Letter: A
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: Dishwasher, Refrigerator, Built-In Gas Oven, Microwave, Washer/Dryer, W/D Hookup
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Built-In Gas Oven: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Stucco, Block
  • Roof: Foam
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: >1 Space Per Unit, On Street
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central Air, Ceiling Fan(s), Individual
  • Heating: Individual, Ceiling
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter, City Franchise
  • Heating:Ceiling: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 66.07x280.76x63.08x283.85
  • Additional Parcels: Yes
  • Parcel #: 118-03-032-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 65892.0
  • Property Net Operating Income: 54725.0
  • Annual Operating Expense: 2255.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2255.0
  • Tax Book Number: 118.00
  • Tax Lot: 26

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/22/2025 12/22/25 Price Changed $1,000,000 +14.3% --
11/30/2025 11/30/25 Price Changed $875,000 -10.7% --
07/25/2025 07/25/25 For Sale $980,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6900050

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85014 Central City

1016 E Fairmount Ave, Phoenix, AZ

For Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

Nearby Homes
Dallin Hammond
Listing Agent
Dallin Hammond
Section Image
ABI Multifamily
(602) 714-1400