Active
2102 W ADAMS Street
Phoenix AZ, 85009
$1,750,000
Active
Other
Built in 1921
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.
6749136
MLSⓇ ID
August 27, 2024
Listed
March 11, 2025
Updated
Interior Features
Floor Description
Other, Ceramic Tile, Vinyl
Fireplace
No
Cooling
Yes
Cooling Description
Ceiling Fan(s), Other, See Remarks, Window/Wall Unit, Electric
Heating
Yes
Heating Description
Other, See Remarks, Individual, Heat Pump, Window/Wall Unit(s), Electric
Exterior/Building Features
Sewer
Sewer-In Connected, Public Sewer
School Information
School District
Phoenix Elementary District
Other Property Details
Taxes
$518
Tax Frequency
Annually
Days on Market
168
Garage
No
Parking
Assigned, Addl Parking Avail, 1 Space Per Unit, Common
Parking Total
32
View
No
County
Maricopa
Water Source
Other, See Remarks, City Franchise
Zoning
R-3
Listing History
Date | Event | Price |
|---|---|---|
3/11/2025 | Price change | $1,750,000 -13% |
3/11/2025 | Active | — |
2/7/2025 | Pending | — |
1/14/2025 | Price change | $1,995,000 -11% |
12/12/2024 | Price change | $2,220,000 -5% |
11/9/2024 | Price change | $2,320,000 -4% |
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.
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Data Last Updated: 10:05 PM UTC, 3/11/2025.
