1016 E FAIRMOUNT Avenue, Phoenix, AZ 85014
$980,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$980,000
Last Modified:
8/01/2025
Description
Herradura Villas (Fourplex) has undergone a comprehensive renovation with no detail overlooked and sitting on +-.4 acres. Each unit is 1-bedroom, 1-bathroom units boasts high-end finishes and thoughtful upgrades, including brand-new roofs, tankless water heaters, new sewer and water lines, smooth synthetic stucco with foam backing, upgraded electrical systems and panels, modern kitchen cabinetry, flooring, and bathrooms. All permitted with certificates of Occupancy. Each unit is individually metered for electricity and gas, while each building is individually metered for water.
All buildings at the property have received extensive infrastructure upgrades, making this community a turn-key, low-maintenance investment.
More Information MLS# 6900050
Contract Info
Current Price: $980,000
List Price: $980,000
Status: Active
List Date: 2025-07-25
Ownership: Fee Simple
Location Tax Legal
House Number: 1016
Compass: E
Street Name: FAIRMOUNT
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Zip4: 4829
County Code: Maricopa
Subdivision: KAY TRACT
Assessor Number: 118-03-032-A
Tax Year: 2024
General Property Description
Lot Size Dimensions: 66.07x280.76x63.08x283.85
Year Built: 1963
Uncvrd Parking Spcs: 10
Total # of Units: 4
# of Buildings: 2
Zoning: R-3
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District
Remarks Misc
Geo Lat: 33.493372
Geo Lon: -112.060351
Legal Info
Township: 2N
Range: 3E
Section: 28
Lot Number: 26
Income Expenses
Gross Annual Sch Inc: 69360
Net Operating Income: 54725
Showing Notification Methods
Showing Service: Aligned Showings
1 Bedroom Units
# 1 Bedroom Units: 4
Avg Rent: 1445
Avg SqFt: 600
# Baths: 1
Property Features
Project Type: Duplex; Four Plex
Construction: Block
Const - Finish: Stucco
Roofing: Foam
Floors: Vinyl
Sale Includes: Building(s) Only
Community Features: No Pool
Exterior Amenities: Landscape Wtr System; Desert Landscaping
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: Built-In Gas Oven; Refrigerator; Dishwasher; Microwave; Washer/Dryer; W/D Hookup
Heating: Ceiling; Individual
Cooling: Ceiling Fan(s); Individual; Central Air
Water Source: City Franchise; Individual Meter
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: SW Gas; Individual Meter
Parking Features: On Street; >1 Space Per Unit
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Gas
Source of Fincl Data: Owner; Projected Proforma
Showing Notification Methods: Text
Lockbox Type: None
New Financing: Cash; VA; Conventional
Environmental: None
Listing Office: ABI Multifamily
Last Updated: August - 01 - 2025
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