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: 1/07/2026

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. Appraisal completed Sept 2025 and available upon request.

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
IDX
Last Updated: January - 07 - 2026
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