2102 W ADAMS Street Pending Save Request In-Person Tour Request Virtual Tour
Phoenix,AZ 85009
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Subdivision Capitol Addition
MLS Listing ID 6749136
Year Built 1921
Annual Tax Amount $518
Tax Year 2023
Property 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.
Location
State AZ
County Maricopa
Community Capitol Addition
Zoning R-3
Interior
Heating Other,See Remarks,Individual,Heat Pump,Window/Wall Unit(s),Electric
Cooling Ceiling Fan(s),Other,See Remarks,Window/Wall Unit,Electric
Flooring Other,Ceramic Tile,Vinyl
Exterior
Parking Features Other,Assigned,Add'l Parking Avail,>1 Space Per Unit,Carport
Community Features Other,See Remarks
Roof Type Composition
Building
Sewer Sewer-In & Connected,Public Sewer
Water Other,See Remarks,City Franchise
New Construction No
Schools
School District Phoenix Union High School District
Others
Acceptable Financing Other (See Remarks),Conventional,Owner May Carry
Listing Terms Other (See Remarks),Conventional,Owner May Carry