Fairmount Villas_Property for Sale
Fairmount Villas_Property for Sale
3105 E Fairmount Ave, Phoenix, AZ, 85016-6906, US

Fairmount Villas

Asset Description

JLL is pleased to introduce Fairmount Villas, a 24-unit boutique apartment community located in a highly desirable East Phoenix location that has been extensively renovated and repositioned with premium finishes. The Property is situated on the southeast corner of Fairmount Avenue and 31st Street just south of Indian School Road. Built in 1963, the Property is made of block construction with pitched composite shingle roofs and is individually metered for electricity.


The Property features an attractive unit mix of all two-bedroom/one-bath floor plans that are spacious, well-designed, and average approximately 860 square feet. Interior unit features include polished concrete floors, granite countertops, contemporary white kitchen cabinetry with brushed nickel fixtures, stainless-steel appliances and in-suite washer/dryers. All first floor units include large, private patios/yards.


The Property is situated on approximately 1.17 acres and is professionally landscaped with lush turf, mature shade trees, and low maintenance desert plants. Exterior amenities include covered parking, private patios in select units, exterior lighting, and private storage.


Fairmount Villas offers investors the rare opportunity to acquire an extensively renovated asset within Phoenix’s highest demographic submarket.

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Attributes

Number of units
24
Year built
1963
Building area net
1,784 m²

Media

Investment Highlights

• Prestigious East Phoenix/Lower Arcadia Location

• Extensively Renovated and Repositioned in 2017 with Premium Finishes

• Pride of Ownership Community with an Attractive Mid-Century Modern Design

• Proximity to State Route 51 and Loop 202 Freeways

• Desirable East Phoenix Location with Improving Submarket Fundamentals

• Low Maintenance Asset Provides Ease of Management to an Out-of-State Investor

• 100% Large Two Bedroom Floor Plans Averaging 860 Square Feet

• First Floor Units Include Spacious, Private Patios which Receive Large Rent Premiums

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Last updated
28 Oct 2024