Phoenix, AZ 85009,2102 W ADAMS Street
Phoenix, AZ 85009,2102 W ADAMS Street
Phoenix, AZ 85009,2102 W ADAMS Street
Phoenix, AZ 85009,2102 W ADAMS Street
Phoenix, AZ 85009,2102 W ADAMS Street
Phoenix, AZ 85009,2102 W ADAMS Street
Nicole Richards
Nicole Richards

REALTOR®, Broker, Investor | Lic# OR 930200328 | AZ SA708210000

+1(503) 886-9156

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$ 1,650,000

$ 1,750,000 5.7%

Est. payment | /mo

$ 1,650,000

$ 1,750,000 5.7%

Est. payment | /mo

Key Details

Sold Price $1,650,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Capitol Addition

MLS Listing ID 6749136

Sold Date 04/29/25

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 1921

Annual Tax Amount $518

Tax Year 2023

Lot Dimensions 36400

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

Direction Just east of the I-17; south of the I-10; and south of Van Buren St.

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

Appliance Free-Standing Range, Other, Disposal, Refrigerator, Microwave

Exterior

Parking Features Other, Assigned, Add'l Parking Avail, >1 Space Per Unit, Carport

Community Features Other, See Remarks

Roof Type Composition

Total Parking Spaces 32

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

Senior Community No

Tax ID 109-32-095

Acceptable Financing Other (See Remarks), Conventional, Owner May Carry

Listing Terms Other (See Remarks), Conventional, Owner May Carry

Financing Conventional

Arizona Regional MLS (ARMLS)
Listed by Better Homes & Gardens Real Estate SJ Fowler
Bought with Compass

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Nicole Richards

REALTOR®, Broker, Investor | Lic# OR 930200328 | AZ SA708210000

+1(503) 886-9156

222 Commercial St NE, Salem, OR, 97301

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2102 W ADAMS Street