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1020 E FAIRMOUNT Avenue Phoenix, AZ $ 500,000
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1020 E FAIRMOUNT Avenue
$ 500,000
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1020 E FAIRMOUNT Avenue

Phoenix, AZ, 85014
$ 500,000
Baths0.0

Monthly Estimate*

$ 3,119

1020 E FAIRMOUNT Avenue, Phoenix, AZ 85014 - Image 1
1020 E FAIRMOUNT Avenue, Phoenix, AZ 85014 - Image 2
1020 E FAIRMOUNT Avenue, Phoenix, AZ 85014 - Image 3
1020 E FAIRMOUNT Avenue, Phoenix, AZ 85014 - Image 4
1020 E FAIRMOUNT Avenue, Phoenix, AZ 85014 - Image 5
1020 E FAIRMOUNT Avenue, Phoenix, AZ 85014 - Image 6
Studio

Multi-Family Home for sale in Phoenix, AZ

for $500,000. This home was built in 1963.

Herradura Villas (Duplex) has undergone a comprehensive renovation with no detail overlooked. Each unit 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.

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Multi-Family Active

Price

$ 500,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 923

Style

Multiple Dwellings

Year Built

1963

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6900048
Features
General
Sewer Public Sewer
Heating Individual
Cooling Central Air Individual
Roof Foam
Zoning R-3
Construction Materials Wood Frame Stucco Block
Year Built 1963
Electric APS Individual Meter
Township 2N
Tax Year 2024
Ownership Fee Simple Fee Simple
Gross Income 32946.0
Community Features No Pool
County Maricopa
Net Operating Income 27323.0
Operating Expense 923.0
Property Type Multiple Dwellings
Attached Garage N
Subdivision Name KAY TRACT
Garage Y/N N
Status Active
City Phoenix
Disclosures None
High School District Phoenix Union High School District
Open Parking Spaces 4.0
Number Of Units Total 2
Carport Y/N N
Tax Annual Amount 923.0
Lease Renewal Y/N N
Additional Parcels Y/N Y
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Elementary School District Osborn Elementary District
Tax Lot 25
Cap Rate 5.25
New Financing: Conventional True
Senior Community N
New Financing: FHA True
New Financing: Cash True
New Financing: VA True
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Interior
Flooring Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Exterior
Parking Features >1 Space Per Unit On Street
Water Source Individual Meter City Franchise
Total Parking 4.0
Number of Buildings 1
Spa N
Lot Dimensions 59.33x148.34x59.74x148.26
Covered Spaces 0.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1020
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* Excluded Features
List By
Abi Multifamily

Broker

dallin.hammond@abimf.com

Email

Affordability Calculator

$3,196
Per Month
98%
2%
0%
Monthly Principal & Interest
$3,119
Monthly Property Taxes
$77
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4327165 Elementary School
4327058 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
12/1/2025$500,000 -3.85% Price Down
8/2/2025$520,000 Listed Price

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1020 E FAIRMOUNT Avenue, Phoenix, AZ, 85014 is a Multi-Family Home for sale at $500,000. 1020 E FAIRMOUNT Avenue is a studio with 0.0 baths and was built in 1963. The property's zip code is 85014 which is in Phoenix, AZ

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