906 E FAIRMOUNT Avenue, Phoenix, AZ 85014
$512,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$512,000
Last Modified:
5/06/2025
Description
AMAZING Investment opportunity on this property zoned muli- family located in Phoenix. There are three units on this property two are occupied one is currently being used as storage. The front unit has is a 2BR 1 BA the second unit is a 1BR 1 BA and the 3rd unit is a studio. Close to dining shopping & entertainment.
More Information MLS# 6573733
Contract Info
Current Price: $512,000
Sold Price: $512,000
Status: Closed
List Date: 2023-06-27
Ownership: Fee Simple
Location Tax Legal
Map Code/Grid: P34
House Number: 906
Compass: E
Street Name: FAIRMOUNT
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Zip4: 4709
Country: US
County Code: Maricopa
Subdivision: CAMPBELL ADDITION
Assessor Number: 118-04-080
Tax Year: 2022
General Property Description
Lot Size Dimensions: 141.23x51.01x141.19x50.89
Year Built: 1940
Uncvrd Parking Spcs: 4
Total # of Units: 3
# of Buildings: 3
Zoning: Multi-Family
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District
Remarks Misc
Cross Street: 7th St and Indian School
Directions: 7th St East on Fairmount
Geo Lat: 33.493177
Geo Lon: -112.062124
Status Change Info
Status Change Date: 2023-08-31
Off Market Date: 2023-07-27
Under Contract Date: 2023-07-27
Close of Escrow Date: 2023-08-31
Sold Price: $512,000
Legal Info
Township: 2N
Range: 3E
Section: 28
Block: 4
Lot Number: 14
Income Expenses
Gross Annual Sch Inc: 27480
Net Operating Income: 25380
Efficiency Units
# Efficiency Units: 1
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 995
Avg SqFt: 240
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1295
Avg SqFt: 420
# Baths: 1
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession to Buyer: 9000
Seller Concession $/%: $
Property Features
Project Type: Tri-Plex
Other Type: House + Rental Units
Construction: Brick
Const - Finish: Painted; Stucco; Brick Trim/Veneer
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Appliances Included: None
Heating: Window/Wall Unit(s)
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: >1 Space Per Unit
Owner Pays: None
Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection
Source of Fincl Data: Owner
Lockbox Type: None
New Financing: Conventional
Environmental: None
Listing Office: AZ Flat Fee
Last Updated: May - 06 - 2025
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