2102 W ADAMS Street Phoenix, AZ $ 2,400,000
2102 W ADAMS Street
$ 2,400,000
New Construction
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2102 W ADAMS Street

Phoenix, AZ, 85009
$ 2,400,000
Baths0.0

Monthly Estimate*

$ 14,374

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $2,400,000. This home was built in 1921.

Get in on this W Downtown Phoenix area that is on the rise! New construction across the street. Exudes upside potential. The opportunity consists of 16 units (all 1 bedroom/1 bathroom (488/sf /-). 7811 total +/-. Nine buildings on six contiguous lots (36,400 total sf +/-). Ample interior 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. (USPS addresses differ). About 50% of these have been upgraded to various levels. Separate utilities (electric/gas). Zoned R-3. Add units or split up the complex. Assumable agency debt (3.87%; $1,200,00 balance; 2032 balloon). Long term owner. Many owner-occupants as neighbors. Value-add opportunity offering total flexibility. PTAC heat/cool

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Multi-Family Active

Price

$ 2,400,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 518

Style

Multiple Dwellings

Year Built

1921

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6749136

Features
General
Sewer Sewer-In & Connected Public Sewer
Heating Other See Remarks Individual Heat Pump Window/Wall Unit(s) Electric
Cooling Other See Remarks Electric Wall/Window Unit(s) Ceiling Fan(s)
Roof Composition
Zoning R-3
Construction Materials See Remarks Brick Veneer Brick
Year Built 1921
Electric APS Individual Meter
Tenant Pays Gas Electricity
Township 1N
Tax Year 2023
Percent Ownership Fee Simple
Gross Income 260512.8
Community Features Other See Remarks
County Maricopa
Net Operating Income 208650.0
Operating Expense 50118.0
Property Type Multiple Dwellings
Attached Garage N
Subdivision Name CAPITOL ADDITION
Garage Y/N N
Status Active
Directions Just east of the I-17; south of the I-10; and south of Van Buren St.
City Phoenix
Disclosures Seller Prop Disc Stm
View Y/N N
High School District Phoenix Union High School District
Open Parking Spaces 32.0
NumberOfUnitsTotal 16
Lot Size Square Feet 0.0
Carport Y/N N
Tax Annual Amount 518.0
Current Financing Fin Info Sub to Veri Assume - Qualify
Lease Renewal Y/N N
Additional Parcels Y/N Y
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 22
Standard Status Active
Elementary School District Phoenix Elementary District
Tax Lot 24
Cap Rate 8.69
New Financing: Conventional True
Ownership Fee Simple
Senior Community N
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Interior
Flooring Other Ceramic Tile Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Electric On Property Y/N N
Total Baths 0
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Exterior
Parking Features Other (See Remarks) Assigned Add'l Parking Avail >1 Space Per Unit Common
Water Source Other See Remarks City Franchise
Total Parking 32.0
Lot Size Area 0.0
Number of Buildings 9
Spa N
Lot Dimensions 36400
Lot Size Acres 0.0
Road Surface Type Asphalt
Covered Spaces 0.0
Crops Included Y/N N
Open Parking Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 2102
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* Excluded Features
List By
Better Homes & Gardens Real Estate Sj Fowler

Broker

cstephens@CCIM.net

Email

Affordability Calculator

$14,417
Per Month
100%
0%
0%
Monthly Principal & Interest
$14,374
Monthly Property Taxes
$43
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4327165 Elementary School
4327058 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/27/2024$2,400,000 Listed Price

Map


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2102 W ADAMS Street, Phoenix, AZ, 85009 is a Multi-Family Home for sale at $2,400,000. 2102 W ADAMS Street is a studio with 0.0 baths and was built in 1921. The property's zip code is 85009 which is in Phoenix, AZ