2102 W Adams Street, Phoenix, AZ 85009
- $1,650,000
- Sold Price
- $1,650,000
- List Price
- $1,750,000
- Status
- CLOSED
- Days on Market
- 224
- Closing Date
- Apr 29, 2025
- MLS#
- 6749136
- Subtype
- Multiple Dwellings
- Year Built
- 1921
- Subdivision
- Capitol Addition
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.
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Additional Information
- Taxes
- $518
- Zoning
- R-3
- Flooring
- Other, Ceramic Tile, Vinyl
- Heating
- Other, See Remarks, Individual, Heat Pump, Window/Wall Unit(s), Electric
- Air Conditioning
- Ceiling Fan(s), Other, See Remarks, Window/Wall Unit, Electric
- Exterior Construction
- Brick Veneer, Other, Brick
- Parking Features
- Other, Assigned, Add'l Parking Avail, >1 Space Per Unit, Carport
- School District
- Phoenix Union High School District
Mortgage Calculator
Listing courtesy of Listing Agent: James C Stephens (602-672-3526) from Listing Office: Better Homes & Gardens Real Estate SJ Fowler.
Selling Office: Compass.All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.