2609 E Fairmount Avenue, Phoenix, AZ 85016

$750,000
5
BD
5
BA
967
SqFt

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List Price
$750,000
Days on Market
2
Status
ACTIVE
MLS#
7101473
City
Phoenix
Bedrooms
5
Bathrooms
5
Living SQFT
967
Lot Size
7,623
Subdivision
Piccadilly Place
Year Built
1947
Type
Single Family Residence

Property Description

UNIQUE INVESTMENT OPPORTUNITY in the BILTMORE/ARCADIA AREA! Charming 2 beds/2 baths MAIN HOUSE + 1 bed/1 bath GUEST HOUSE + TWO MODULAR 1 bed/1 bath homes, offering a total of FOUR separate living spaces on one property! 2026 average occupancy rate 65%, Airbnb rating 4.53 out of 5! Comes with confirmed future bookings totaling over $3,000 through Dec 1, 2026!!! The property generated $108,442 in gross revenue in 2024 and $103,198 in 2025, with a two-year average annual revenue of approximately $105,820. Gross revenue data and occupancy reports can be provided upon request. Main house is 967 sq ft, Casita is 400 sq ft, each modular home (2 in total) is 395 sq ft. Every unit has its OWN kitchen, bathroom and a separate PRIVATE ACCESS. The backyard is a common space for all guests with a Grill, Fire pit, Outdoor furniture and Laundry shed. Cleaning and maintenance crews use another outside shed for supplies. All furniture & decor are included into sale! Conveniently located near the Biltmore and Arcadia areas, with easy access to Phoenix Children's Hospital, shopping, dining, entertainment, major freeways. A rare opportunity for investors looking for a property with multiple living spaces!

Additional Information

Elementary School
Creighton Virtual Academy
High School
Camelback High School
Middle School
Larry C Kennedy School
Acres
0.18
Architecture
Ranch
Assoc Fee Includes
No Fees
Builder Name
unknown
Construction
Block, Spray Foam Insulation, Stucco
Cooling
Central Air
Exterior Features
Other
Fencing
Block
Flooring
Laminate
Guest House SqFt
1190
Heating
Natural Gas
Living Area
967
Lot Size
7,623
New Financing
Cash, Conventional
Other Rooms
Bonus/Game Room, Guest Qtrs-Sep Entrn
Parking Features
RV Access/Parking, RV Gated
Roofing
Composition
Sewer
Public Sewer
Spa
None
Stories
1
Style
Ranch
Subdivision
Piccadilly Place
Taxes
$2,607
Tax Year
2025
Water
Public

Courtesy of My Home Group Real Estate. 602-399-2748

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