$2,100,000

1021 E Fairmount Ave Phoenix, AZ 85014

Central City Neighborhood

Estimated payment $11,141/month

-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heating System Uses Natural Gas

About This Home

1017 -1031 E Fairmount is an 8-unit apartment community located in the highly desirable Midtown Phoenix submarket. Built in 1966, The unit mix consists of (3) 1x1 units, (3) 2x1 units, and (2) 2x1.5 units, with an average rent of $1,528. 6 of the 8 units have been fully renovated with thoughtful, durable improvements including luxury vinyl plank flooring, quartz countertops, workstation-style extra-wide sinks, mini range hoods, updated light fixtures, and refreshed bathrooms featuring new tubs, tile backsplash, and modern vanities. All units offering in-suite washer/dryer or dedicated W/D access. The property also features large private front and backyards, 3 private garages, 2 covered carport spaces, and lush landscaping. 6.03% cap rate on current financials.

Listing Agent

Brad Skenderian

Matthews Real Estate Investment Services License #SA692958000 Listed on: 03/12/2026

Co-Listing Agent

Kyle Inman

Matthews Real Estate Investment Services License #SA691658000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,003

Year Built

  • Built in 1964

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior

Parking

  • 1 Open Parking Space
  • 5 Parking Spaces
  • Carport

Schools

  • Longview Elementary School
  • North High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • The owner pays for water, sewer, trash collection
  • Tax Lot 1
  • Assessor Parcel Number 118-06-017-B

Community Details

Overview

  • 3 Buildings
  • 8 Units
  • Building Dimensions are 19533
  • West Idlewilde Subdivision

Building Details

  • Operating Expense $29,218
  • Gross Income $156,279
  • Net Operating Income $126,747

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,003

Year Built

Built in 1964

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: Camelback & 7th Street
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1964
  • Tax Year: 2025
  • Road Surface Type: Asphalt
  • Professional Management Expense: 7137.0
  • Co List Office Mls Id: MRE001
  • Co List Office Phone: 310-388-0788
  • Subdivision Name: WEST IDLEWILDE
  • Garage Yn: Yes
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Built-In Range, Refrigerator, Dishwasher, Disposal, Microwave, Washer/Dryer

Exterior Features

  • Exterior Features: Sidewalk(s)
  • Disclosures: None
  • Construction Type: Block, Wood Frame, Painted
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Carport, On Street
  • Attached Garage: No
  • Open Parking Spaces: 1.0
  • Total Parking Spaces: 5.0

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Fee Information

  • Annual Water Sewer Expense: 6005.0

Schools

  • Elementary School: Longview Elementary School
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Longview Elementary School

Lot Info

  • Lot Size: 19533
  • Additional Parcels: No
  • Parcel #: 118-06-017-B

Multi Family

  • Owner Pays: Water, Sewer, Trash Collection
  • Tenant Pays: Electricity, Gas
  • Number Of Units Total: 8
  • Electric Expense: 945.0
  • Annual Gross Income: 156279.0
  • Insurance Expense: 4200.0
  • Maintenance Expense: 2604.0
  • Property Net Operating Income: 126747.0
  • Annual Operating Expense: 29218.0

Tax Info

  • Tax Annual Amount: 4003.0
  • Tax Book Number: 118.0
  • Tax Lot: 1

Map

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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
03/12/2026 03/12/26 For Sale $2,100,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6997176

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

1021 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

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Brad Skenderian
Listing Agent
Brad Skenderian
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Matthews Real Estate Investment Services
(949) 533-5594
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