$1,750,000 $9,394 est/mo Sourced by Back At You
2102 W Adams Street , Phoenix, AZ 85009
Phoenix, AZ 85009
Description
Unique W Downtown Phoenix area 16 unit complex. Under $110K/door & $224/sf! 9 of the 16 units have recently been upgraded w/ new roofs. Seller financing at 5.25% i/o with a 5 yr balloon at 45-50% LTV. 9+ CAP proforma. New construction apartments across the street w/ many owner-occupants within a block. The complex consists of 16 units (all 1 bedroom/1 bathroom (488/sf /-). 7800 total +/-. Nine buildings on six contiguous lots (36,400 total sf +/-). Ample surface parking. Three duplex buildings line Adams St (6). Four duplexes line 21st Ave with one SF house (9). 2105 W Monroe is the 16th unit. All separate electric/gas that is tenant-paid. Four water meters. Zoned R-3. Long-term owner. Rents range from $1000-$1297.
Details
| MLS# | 6749136 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | For-sale |
| Status | Active |
| Year | 1921 |
| Days On Site | 210 |
| Listing Provided By | Better Homes & Gardens Real Estate SJ Fowler | James C Stephens |
Features
| Car Port | Yes |
|---|---|
| Units | 16 |
| Building(s) | 9 |
| Zoning | R-3 |
| Acreage | 36400.00 |
Market Activity 85009
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Learn More About This Property
| State | AZ |
|---|---|
| County | Maricopa |
| City | Phoenix |
| Zip Code | 85009 |
| Area | Maricopa |
| Community Name | CAPITOL ADDITION |
| School District | Phoenix Union High School Distri |
| Elementary School | Phoenix Elementary District |
| Listing VS Median (In CAPITOL ADDITION) | |
Price: $1,750,000 low | high Med: $1,600 On site: 210 low | high Med: 60.000000 | |
Listing Updated: March 11, 2025 at 11:23:34 AM PDT
"All information should be verified by the recipient and none is guaranteed as accurate by ARMLS"POWERED BY
