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2102 W Adams Street

Phoenix, AZ 85009

About this property

Unique complex in a highly gentrifying W Downtown Phoenix neighborhood. Exudes upside potential. The opportunity consists of 16 units (all 1 bedroom/1 bathroom (488/sf /-). 7811 total +/-. Nine buildings on six contiguous lots (36,400 total sf +/-) with a shared parking area. Three duplex buildings line Adams St (6). Four duplexes line 21st Ave with one SF house (9). 2105 W Monroe is the 16th unit. (USPS addresses differ). About 50% of these have been upgraded to various levels. Separate utilities (electric/gas). Zoned R-3. Add units or split up the complex. Assumable agency debt (3.87%; $1,200,000 balance; 2032 balloon). Long term owner. Several completed new construction projects & many owner-occupants as neighbors. Value-add opportunity offering different use plays. PTAC heat/cool.

About this property

Unique complex in a highly gentrifying W Downtown Phoenix neighborhood. Exudes upside potential. The opportunity consists of 16 units (all 1 bedroom/1 bathroom (488/sf /-). 7811 total +/-. Nine buildings on six contiguous lots (36,400 total sf +/-) with a shared parking area. Three duplex buildings line Adams St (6). Four duplexes line 21st Ave with one SF house (9). 2105 W Monroe is the 16th unit. (USPS addresses differ). About 50% of these have been upgraded to various levels. Separate utilities (electric/gas). Zoned R-3. Add units or split up the complex. Assumable agency debt (3.87%; $1,200,000 balance; 2032 balloon). Long term owner. Several completed new construction projects & many owner-occupants as neighbors. Value-add opportunity offering different use plays. PTAC heat/cool.

Features and Additional Information

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$2,400,000 Active
0 SQFT
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Area Information

Maricopa | Maricopa County | CAPITOL ADDITION

$ 2,400,000
This listing is play_arrow 631.8% higher than the average in the area
$ 327,950 in the area
0 SqFt
This listing is play_arrow 0% larger than the average in the area
0 SqFt in the area
$ 0 $/SqFt
This listing is play_arrow 0% less than the average in the area
$ 0 $/SqFt in the area
11 days on site
This listing is play_arrow 66.2% below the average in the area
33 days on site in the area

Schools in the Area

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    Elementary School
    Phoenix Elementary District
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    Middle School
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    High School
    Phoenix Union High School Distri

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Listed By James C Stephens
Brokerage: Better Homes & Gardens Real Estate SJ Fowler

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