2102 W ADAMS Street, Phoenix, AZ 85009

Pending

$1,750,000

bedrooms

bathrooms

square feet

Acreage

0.0

Open Houses

year built

1921

Full Baths

Half Baths

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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.

Location
Subdivision	Capitol Addition
County	Maricopa
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: 6749136

Listing agent: James C Stephens

Listing broker: Real Living Sj Fowler Real Estate (480) 649-3536

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Last update: Tuesday, April 22 2025 at 5:24 p.m. EDT

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