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

1841 W FAIRMOUNT Avenue, Phoenix, AZ 85015

$1,100,000

photos_high_resolution_30_1841_W_Fairmou

photos_high_resolution_34_1841_W_Fairmou

photos_high_resolution_28_1841_W_Fairmou

photos_high_resolution_29_1841_W_Fairmou

photos_high_resolution_15_1841_W_Fairmou

photos_high_resolution_22_1841_W_Fairmou

photos_high_resolution_23_1841_W_Fairmou

photos_high_resolution_24_1841_W_Fairmou

photos_high_resolution_26_1841_W_Fairmou

photos_high_resolution_27_1841_W_Fairmou

photos_high_resolution_04_1841_W_Fairmou

photos_high_resolution_14_1841_W_Fairmou

photos_high_resolution_01_1841_W_Fairmou

photos_high_resolution_02_1841_W_Fairmou

photos_high_resolution_03_1841_W_Fairmou

photos_high_resolution_05_1841_W_Fairmou

photos_high_resolution_06_1841_W_Fairmou

photos_high_resolution_07_1841_W_Fairmou

photos_high_resolution_08_1841_W_Fairmou

photos_high_resolution_09_1841_W_Fairmou

photos_high_resolution_10_1841_W_Fairmou

photos_high_resolution_11_1841_W_Fairmou

photos_high_resolution_12_1841_W_Fairmou

photos_high_resolution_13_1841_W_Fairmou

photos_high_resolution_19_1841_W_Fairmou

photos_high_resolution_20_1841_W_Fairmou

photos_high_resolution_21_1841_W_Fairmou

photos_high_resolution_35_1841_W_Fairmou

Property Type: Multiple Dwellings Status: Closed

Current Price: $1,100,000 Last Modified: 4/01/2026

Overview

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 bun ... (Read more)

Listing Details MLS# 6942492

Location, Tax & Legal

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
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

Contract Info

Ownership: Fee Simple

General Property Description

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

Status Change Info

Off Market Date: 2026-04-01
Under Contract Date: 2026-01-17
Close of Escrow Date: 2026-03-31

Legal Info

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

More Information

Showing Notification Methods

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

1 Bedroom Units

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

2 Bedroom Units

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

Sold Info

Loan Type: Cash
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Project Type

5 - 12 Units: Yes

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes

Roofing

Tile: Yes
Concrete: Yes

Floors

Tile: Yes

Sale Includes

Building(s) Only: Yes

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

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Forced Air: Yes

Cooling

Central Air: Yes

Tenant Pays

Other (See Remarks): Yes

Appliances Included

Free-Standing Gas Oven: Yes
Refrigerator: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Other (See Remarks): Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

1 Space/Unit: Yes
Off Street: Yes

Electric

APS: Yes

Gas

SW Gas: Yes

Owner Pays

See Remarks: Yes

New Financing

Cash: Yes
Conventional: Yes
No Carry: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

Efficiency Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

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: April - 01 - 2026