2122 E FAIRMOUNT Avenue, Phoenix, AZ 85016 (MLS# 5983835)

2122 E FAIRMOUNT Avenue, Phoenix, AZ 85016

$4,470,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $4,470,000 Last Modified: 8/17/2022

Overview

Description

Each building of the Modern Retro Living is of single-story block construction with pitched roofs. The fully renovated property features in-suite laundry machines, private patios in select units, extra storage, and covered parking. The community also features attractive resort-style grounds with a large swimming pool and mature landscaping around the property.The units at the Modern Retro Living have been extensively renovated in 2016. They feature modern shaker-style cabinetry with brushed nickel hardware, new countertops with subway tile backsplashes, polished concrete flooring, full-size stainless-steel appliances with dishwashers and built-in microwaves, contemporary bathroom vanities, subway tile shower surrounded with new brushed nickel fixtures, ceiling

Listing Details MLS# 5983835

Location, Tax & Legal

Map Code/Grid: P35
House Number: 2122
Compass: E
Street Name: FAIRMOUNT
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85016
Zip4: 6189
Country: US
County Code: Maricopa
Assessor Number: 119-21-021-E
Tax Year: 2019

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 285 x 267
Year Built: 1956
Total # of Units: 23
# of Buildings: 8
Zoning: R-3
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District

Remarks Misc

Cross Street: Indian School & 22nd Street

Status Change Info

Off Market Date: 2020-05-01
Under Contract Date: 2020-03-31
Close of Escrow Date: 2020-05-29

Legal Info

Township: 2N
Range: 3E
Section: 27
Lot Number: -

More Information

1 Bedroom Units

# 1 Bedroom Units: Yes
Avg Rent: 935
Avg SqFt: 549
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: 22
Avg Rent: 1192
Avg SqFt: 769
# Baths: Yes

Income Expenses

Gross Annual Sch Inc: 329054
Net Operating Income: 257347

Sold Info

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

Property Features

Project Type: 13 - 24 Units Construction: Block Const - Finish: Painted Roofing: Composition Floors: Concrete Sale Includes: Land & Building; Pool Equipment; Laundry Equipment Community Features: Pool Exterior Amenities: Landscape Water System; Green Landscaping; Cable TV Available Interior Features: Unfurnished; Fire/Smoke Alarm(s) Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Cooling: Ceiling Fan(s); Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Parking Features: Carport; 1 Space/Unit Road Surface Type: Asphalt Owner Pays: Water; Landscaping; Pool Maintenance; Other; See Remarks Tenant Pays: Electricity; Other (See Remarks) Source of Fincl Data: Other (See Remarks) Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Existing 1st Loan: Other (See Rmks) Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Other (See Remarks) Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Other (See Remarks) Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Conventional Environmental: Other (See Remarks)

Documents

Rent Roll October ›

Listing Office: ABI Multifamily

Last Updated: August - 17 - 2022