1841 W FAIRMOUNT Avenue, Phoenix, AZ 85015 (MLS# 6942492)

1841 W FAIRMOUNT Avenue, Phoenix, AZ 85015

$1,595,000

Property Type: Multiple Dwellings Status: Active

Current Price: $1,595,000 Last Modified: 12/22/2025

Description

Exceptional Investment Opportunity - 10-Unit Apartment Complex with Strong Value-Add Potential Discover an incredible opportunity to acquire a well-maintained 10-unit multifamily property offering consistent income and long-term upside. This garden-style community, originally constructed in 1971 and 1992, features nine one-bedroom/one-bath units and one two-bedroom/one-bath unit—each equipped with individual electric meters, dedicated HVAC systems, and separate storage lockers. The property provides 12 off-street parking spaces and a shared community laundry room for resident convenience. The complex has been fully leased and professionally managed for many years, with the current master lease expiring in March.

Supplements: Ownership currently receives a single monthly payment and is responsible only for property taxes. Showings are available by appointment only with a minimum of 24 hours' notice. Please do not disturb tenants. Additionally, the adjacent property at 1829 W Fairmount Avea 3-bedroom, 3-bath homeis also available for purchase from the same owner. A bundle opportunity may be considered for qualified buyers.

More Information MLS# 6942492

Contract Info

Ownership: Fee Simple Current Price: $1,595,000 List Price: $1,595,000 Status: Active List Date: 2025-11-04

Location, Tax & Legal

Assessor's Map #: 7 Legal Description (Abbrev): LONG ESTATES LOT 1 BLK 1 EX W STRIP PER DKT 3611/216 Assessor's Parcel #: 1 Add'l Parcels: No Tax Municipality: Phoenix Census Tract: 110400 Taxes: 3644 Legal: LONG ESTATES LOT 1 BLK 1 EX W STRIP PER DKT 3611/216 Marketing Name: none House Number: 1841 Compass: W Street Name: FAIRMOUNT St Suffix: Avenue City/Town Code: Phoenix State/Province: AZ Zip Code: 85015 Zip4: 5205 County Code: Maricopa Subdivision: LONG ESTATES Assessor Number: 110-07-001 Tax Year: 2024

General Property Description

# of Buildings: 2 Uncvrd Parking Spcs: 12 Lot Size Dimensions: 128 x 146 Total # of Units: 10 Elementary School District: Osborn Elementary District High School District: Phoenix Union High School District Year Built: 1982 Zoning: Res Rental

Legal Info

Range: 3E Section: 30 Township: 2N Lot Number: 1

Project Type

5 - 12 Units: 1

Construction

Wood Frame: 1

Const - Finish

Painted: 1

Roofing

Tile: 1 Concrete: 1

Floors

Tile: 1

Sale Includes

Building(s) Only: 1

Income & Expenses

Owner Association: No Annual Ownr Asoc Fee: 0 Operating Exp: 3644 Other Income: 0 Vacancy Allowance: 0 Adjusted Gross Inc: 0

Pmt & Rate Info

Equity: 1595000 Down Payment %: 0 Monthly Payments: 0 Total Owed: 0

Showing Notification Methods

Showing Service: No Showing Service Used Text: 1 Email: 1 Phone Call: 1

Lockbox Type

None: 1

Community Features

No Pool: 1

Heating

Forced Air: 1

Cooling

Central Air: 1

Tenant Pays

Other (See Remarks): 1

Appliances Included

Free-Standing Gas Oven: 1 Refrigerator: 1

Road Surface Type

Asphalt: 1

Source of Fincl Data

Other (See Remarks): 1

Water Source

City Franchise: 1

Sewer

Sewer - Public: 1

Parking Features

1 Space/Unit: 1 Off Street: 1

Electric

APS: 1

Gas

SW Gas: 1

Owner Pays

See Remarks: 1

New Financing

Cash: 1 Conventional: 1 No Carry: 1

Reports/Disclosures

None: 1

Environmental

None: 1

Efficiency Units

Avg Rent: 0

1 Bedroom Units

# 1 Bedroom Units: 9 Avg Rent: 1000 Avg SqFt: 900 # Baths: 1

2 Bedroom Units

# 2 Bedroom Units: 1 Avg Rent: 1100 Avg SqFt: 1200 # Baths: 1

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Remarks Misc

Geo Lat: 33.49295 Geo Lon: -112.09967

Property Features

Project Type: 5 - 12 Units Construction: Wood Frame Const - Finish: Painted Roofing: Tile; Concrete Floors: Tile Sale Includes: Building(s) Only Community Features: No Pool Appliances Included: Free-Standing Gas Oven; Refrigerator Heating: Forced Air Cooling: Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: 1 Space/Unit; Off Street Road Surface Type: Asphalt Owner Pays: See Remarks Tenant Pays: Other (See Remarks) Source of Fincl Data: Other (See Remarks) Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None New Financing: Cash; Conventional; No Carry Environmental: None

Listing Office: DeLex Realty

Last Updated: December - 22 - 2025