$520,000

1020 E Fairmount Ave Phoenix, AZ 85014

Central City Neighborhood

Estimated payment $2,848/month

Total Views 2,536
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Central Air
  • Vinyl Flooring
  • Individual Controls for Heating
  • Phoenix Coding Academy Rated A

About This Home

Herradura Villas (Duplex) has undergone a comprehensive renovation with no detail overlooked. Each unit 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: 07/28/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $923

Year Built

  • Built in 1963

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Block Exterior
  • Stucco

Parking

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

Utilities

  • Central Air
  • Individual Controls for Heating

Additional Features

  • Vinyl Flooring
  • Additional Parcels

Listing and Financial Details

  • Tax Lot 25
  • Assessor Parcel Number 118-03-029-B

Community Details

Overview

  • 2 Units
  • Building Dimensions are 59.33x148.34x59.74x148.26
  • Kay Tract Subdivision

Building Details

  • Operating Expense $923
  • Gross Income $32,946
  • Net Operating Income $27,323

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$923

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1963
  • Tax Year: 2024
  • Road Surface Type: Gravel
  • Subdivision Name: KAY TRACT
  • Tax Parcel Letter: B
  • Cooling:Central Air: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: Built-In Range, Disposal, Dishwasher, Refrigerator, Built-In Gas Oven, Washer/Dryer, W/D Hookup
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes
  • Appliances Included:Built-In Gas Oven: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: >1 Space Per Unit, On Street
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central Air, Individual
  • Heating: Individual
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter, City Franchise
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 59.33x148.34x59.74x148.26
  • Additional Parcels: Yes
  • Parcel #: 118-03-029-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 2
  • Annual Gross Income: 32946.0
  • Property Net Operating Income: 27323.0
  • Annual Operating Expense: 923.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 923.0
  • Tax Book Number: 118.00
  • Tax Lot: 25

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $923 $7,356 -- --
2024 $892 $7,006 -- --
2023 $892 $25,460 $5,090 $20,370
2022 $887 $19,360 $3,870 $15,490
2021 $902 $16,600 $3,320 $13,280
2020 $879 $13,950 $2,790 $11,160
2019 $841 $12,720 $2,540 $10,180
2018 $813 $11,050 $2,210 $8,840
2017 $746 $8,910 $1,780 $7,130
2016 $720 $6,520 $1,300 $5,220
2015 $669 $5,920 $1,180 $4,740
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2025 07/28/25 For Sale $520,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $145,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $130,000 Seller Take Back
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6900048

Arizona Regional Multiple Listing Service (ARMLS)

APN: 118-03-029B

Arizona Maricopa County Phoenix 85014 Central City

1020 E Fairmount Ave, Phoenix, AZ

This home is located at 1020 E Fairmount Ave, Phoenix, AZ 85014 and is currently priced at $520,000. This property was built in 1963. 1020 E Fairmount Ave is a home located in Maricopa County with nearby schools including Longview Elementary School, Osborn Middle School, and North High School.

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

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