AZ > Phoenix > Capitol Addition
Phoenix, AZ 85009,2102 W ADAMS Street
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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
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Rachel Barkley

Rachel Barkley

+1(602) 820-6192
$ 2,320,000
Est. payment /mo
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Price Dropped by $80K

2102 W ADAMS Street Phoenix, AZ 85009

UPDATED:

11/09/2024 06:48 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Capitol Addition

MLS Listing ID 6749136

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. New construction across the street. 9 of the 16 units have recently been upgraded with mostly newer roofs. Exudes upside potential. ATTRACTIVE SELLER FINANCING is available up to 55% LTV +/-. 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). All separate electric/gas. Four water meters. Zoned R-3. Add units or split up the complex. Another option is assumable agency debt (3.87%; $1,200,00 balance; 2032 balloon). Long-term owner. Value-add with pro forma #'s.

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 Other, See Remarks, Electric, Wall/Window Unit(s), Ceiling Fan(s)

Flooring Other, Ceramic Tile, Vinyl

Appliance Other (See Remarks), BI Oven/Range, F/S Oven/Range, Microwave, W/D Hookup

Exterior

Garage Other (See Remarks), Assigned, Add'l Parking Avail, >1 Space Per Unit, Common

Community Features Other, See Remarks

Waterfront No

Roof Type Composition

Total Parking Spaces 32

Building

Sewer Sewer-In & Connected, Public Sewer

Water Other, See Remarks, City Franchise

New Construction Yes

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, Wraparound

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

Arizona Regional MLS (ARMLS)

Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Listed by Better Homes & Gardens Real Estate SJ Fowler

Rachel Barkley

Agent | License ID: SA513870000

+1(602) 820-6192

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2102 W ADAMS Street