Courtesy of Better Homes & Gardens Real Estate SJ Fowler, James C Stephens Listing Contact: 602-672-3526

0 Baths

$1,650,000

2102 W ADAMS Street, Phoenix AZ, 85009

Built in1921

Property typeMulti-family

Overview

Sold

Closed

Listed Aug 24, 2024

Updated Jun 19

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.

Other Property Details

Taxes: $518
Tax Frequency: Annually
Municipality: 1N

Courtesy of Better Homes & Gardens Real Estate SJ Fowler, James C Stephens

Listing Contact: 602-672-3526

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Karen Stroble shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Not representative of the licensee’s transaction history. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

Data Last Updated: 7:23 PM UTC, 6/19/2026.