$1,400,000
Phoenix, AZ 85015
MLS# 6942492
Status: UCB (Under Contract-Backups)
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Property 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.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $1,400,000
List Price: $1,400,000
Status: UCB (Under Contract-Backups)
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
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.
Listing Office: DeLex Realty
Last Updated: January - 19 - 2026
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