1841 W FAIRMOUNT Avenue, Phoenix, AZ 85015

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 under a state-run organization, with the current master lease expiring in March. 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 Status:

Active

Date Added:

November 4, 2025 at 06:00AM

Listing Office:

DeLex Realty :

Listing Agent:

Paul D Eide : 520-265-6841

MLS ID:

6942492

Interior

• A/C: Central Air

Exterior

• Parking: 1 Space/UnitParking spaces: 12

Construction

• Roofing: TileConcrete
• General: Wood FramePainted

Location

• Originating MLS: Arizona Regional Multiple Listing Service 2
• School District: Osborn Elementary District
• County: Maricopa

Lot

• Zoning: Res Rental11007001

Utilities

• Water: City Franchise
• Sewer: Public Sewer

Financial

• Source: Arizona Regional Multiple Listing Service 2

This listing courtesy of Paul D Eide, DeLex Realty