$4,554,000
2122 E FAIRMOUNT Avenue
Phoenix, AZ 85016
MLS# 5983835



2122 E FAIRMOUNT Avenue, Phoenix, AZ 85016
  1 / 16  
2122 E FAIRMOUNT Avenue, Phoenix, AZ 85016 2122 E FAIRMOUNT Avenue, Phoenix, AZ 85016 2122 E FAIRMOUNT Avenue, Phoenix, AZ 85016 2122 E FAIRMOUNT Avenue, Phoenix, AZ 85016 2122 E FAIRMOUNT Avenue, Phoenix, AZ 85016 2122 E FAIRMOUNT Avenue, Phoenix, AZ 85016 2122 E FAIRMOUNT Avenue, Phoenix, AZ 85016 2122 E FAIRMOUNT Avenue, Phoenix, AZ 85016 2122 E FAIRMOUNT Avenue, Phoenix, AZ 85016 2122 E FAIRMOUNT Avenue, Phoenix, AZ 85016 2122 E FAIRMOUNT Avenue, Phoenix, AZ 85016 2122 E FAIRMOUNT Avenue, Phoenix, AZ 85016 2122 E FAIRMOUNT Avenue, Phoenix, AZ 85016 2122 E FAIRMOUNT Avenue, Phoenix, AZ 85016 2122 E FAIRMOUNT Avenue, Phoenix, AZ 85016 2122 E FAIRMOUNT Avenue, Phoenix, AZ 85016

Property 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

Details
Maps
Documents
Contract Info
Current Price: $4,554,000
List Price: $4,554,000
List Date: 2019-08-30
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: USA
County Code: Maricopa
Assessor Number: 119-21-021-E
Taxes: 8695
Marketing Name: Modern Retro Living
General Property Description
Apx Lot Size Range: 285 x 267
Year Built: 1956
Zoning: R-3
Elem School Dist #: 014 - Creighton Elementary District
High School Dist #: 210 - Phoenix Union High School District
Remarks & Misc
Geo Lat: 33.493402
Geo Lon: -112.035842
Status Change Info
Status Change Date: 2019-09-26
Status: Active
Legal Info
Township: 2N
Range: 3E
Section: 27
Lot Number: -
Income & Expenses
Annual Elec Exp: 4224
Annual Ins Exp: 4740
Annual Landscape Exp: 8790
Annual Maint Exp: 5400
Annual Mgmt Exp: 12840
Annual Wtr/Swr Exp: 20856
Owner Association: No
Annual Other Expense: 38699
Operating Exp: 104244
Gross Annual Sch Inc: 329054
Other Income: 23843
Vacancy Allowance: 0.05
Adjusted Gross Inc: 335252.15
Totl Mnth Rntal Inc: 27421
Net Operating Income: 257347
Pmt & Rate Info
Cap Rate: 5.65
Equity: 4554000
Showing Instructions
Permission Required to Show: Yes
To Schedule Showing: Contact Via Text
Primary Showing Contact: Listing Agent
ARMLS Lockbox: No
Non-ARMLS Lockbox: No
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 935
Avg SqFt: 549
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 22
Avg Rent: 1192
Avg SqFt: 769
# Baths: 1
Property Features
Project Type: 13 - 24 Units
Construction: Block
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Concrete
Sale Includes: Land & Building; Pool Equipment; Laundry Equipment
Community Amenities: Pool(s)
Exterior Amenities: Landscape Wtr System; Green Landscaping; Cable TV Available
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: BI Oven/Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Heating: Electric; Ceiling Fan(s)
Cooling: Central A/C
Water: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking: Carport; 1 Space/Unit
Roads/Streets: Asphalt/Blacktop
Owner Pays: Water; Landscaping; Pool/Spa Maintenance; Other (See Remarks)
Tenant Pays: Electric; Other (See Remarks)
Source of Fincl Data: Other (See Remarks)
Existing 1st Loan: Other (See Rmks)
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional
Reports/Disclosures: Other (See Remarks)
Environmental: Other (See Remarks)

Listing Office: ABI Multifamily

Last Updated: October - 29 - 2019

2122 E FAIRMOUNT Avenue, Phoenix, AZ 85016 - MLS# 5983835

Copyright Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

Sunday 15th of December 2019 05:42 PM