1017-1031 E Fairmount Ave

Boutique Community: 8-unit boutique apartment community in a highly desirable Phoenix location.
Renovated Units: 6 of 8 units have been renovated with luxury vinyl plank flooring, quartz countertops, and modern finishes.
Diverse Unit Mix: Mix of (3) 1×1 units, (3) 2×1 units, and (2) 2×1.5 units, including two 2-story townhomes.
In-Unit Laundry: All units offer in-suite washer/dryer or dedicated W/D access, a highly sought-after amenity.
Private Garages & Carports: Three private garages and four carport spaces provide ample parking and storage.
Lush Landscaping: Large private front and back yards, abundant citrus trees, and mature greenery create a residential atmosphere.
Strong In-Place Yield: Current cap rate of 6.03% and cash-on-cash return of 6.28% with immediate income.
Stabilized Asset: 100% occupancy and pride of ownership with quality renovations.
Upside Potential: Additional upside through continued interior upgrades and rent growth.
Prime Location: Centrally located ±3.7 miles from Downtown Phoenix with access to employment centers and transit.

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