$1,575,000
Phoenix, AZ 85014
MLS# 6952660
1 / 23
Property Description
Must be sold with 1016 E Fairmount, 1020 E Fairmount & 1023 E Amelia Ave. This property contains 3 single family home and a duplex (5 units total). All 2 bed / 1 bath. Extensively renovated and rebuilt with certificates of occupancy including plumbing, roofs, synthetic stucco, tankless water heaters, etc.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $1,575,000
List Price: $1,575,000
Status: Active
List Date: 2025-11-30
Location, Tax & Legal
Assessor's Map #: 3
Legal Description (Abbrev): KAY TRACT LOT 27 BLK 1 EX E 36' OF S 140' & N 20' OF FAIRMOUNT LYING ADJ EX N 25'
Assessor's Parcel #: 34
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 110600
Taxes: 2559
Legal: KAY TRACT LOT 27 BLK 1 EX E 36' OF S 140' & N 20' OF FAIRMOUNT LYING ADJ EX N 25'
Marketing Name: Herradura Villas
House Number: 1011
Compass: E
Street Name: AMELIA
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Zip4: 4854
County Code: Maricopa
Subdivision: KAY TRACT
Assessor Number: 118-03-034
Tax Year: 2025
General Property Description
# of Buildings: 4
Uncvrd Parking Spcs: 10
Lot Size Dimensions: 51.81x281.91x87.92
Total # of Units: 5
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District
Year Built: 1963
Zoning: R-3
Legal Info
Range: 3E
Section: 28
Township: 2N
Lot Number: 27
Project Type
Duplex: 1
Four Plex: 1
5 - 12 Units: 1
Other Type
House + Rental Units: 1
Construction
Wood Frame: 1
Const - Finish
Stucco: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Sale Includes
Building(s) Only: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 2559
Other Income: 5300
Vacancy Allowance: 0.05
Adjusted Gross Inc: 107635
Pmt & Rate Info
Cap Rate: 7.89
Equity: 1050000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Central: 1
Cooling
Central Air: 1
Individual: 1
Exterior Amenities
Landscape Water System: 1
Desert Landscaping: 1
Tenant Pays
Gas: 1
Electricity: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Free-Standing Electric Oven: 1
Free-Standing Gas Oven: 1
Microwave: 1
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
W/D Hookup: 1
Road Surface Type
Asphalt: 1
Gravel: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Electric
APS: 1
Individual Meter: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
Conventional: 1
Reports/Disclosures
None: 1
Environmental
Other (See Remarks): 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 5
Avg Rent: 1800
Avg SqFt: 817
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Geo Lat: 33.493419
Geo Lon: -112.06063
Income Expenses
Gross Annual Sch Inc: 108000
Net Operating Income: 82828
Property Features
Project Type: Duplex; Four Plex; 5 - 12 Units
Other Type: House + Rental Units
Construction: Wood Frame
Const - Finish: Stucco
Roofing: Composition
Floors: Vinyl
Sale Includes: Building(s) Only
Community Features: No Pool
Exterior Amenities: Landscape Water System; Desert Landscaping
Appliances Included: Free-Standing Electric Oven; Free-Standing Gas Oven; Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup
Heating: Central
Cooling: Individual; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: SW Gas
Parking Features: >1 Space Per Unit
Road Surface Type: Gravel; Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Gas
Source of Fincl Data: Owner; Projected Proforma
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
New Financing: Cash; Conventional
Environmental: Other (See Remarks)
Listing Office: ABI Multifamily
Last Updated: December - 22 - 2025
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