2102 W Adams Street, Phoenix, AZ 85009
- $1,999,000
- 16
- BD
- 16
- BA
- List Price
- $1,999,000
- Status
- ACTIVE
- Days on Market
- 0
- MLS#
- 7085334
- City
- Phoenix
- Bedrooms
- 16
- Bathrooms
- 16
- Year Built
- 1921
Property Description
Downtown Phoenix 16-Unit Multifamily Complex consisting of nine buildings across six contiguous lots totaling approximately 36,400 SF. The property is R-3 zoned and features all 1BD/1BA units, currently generating $18,000+ in monthly gross rental income. All units have separate electric and gas meters, with utilities paid directly by tenants. The property is serviced by four water meters. The site offers a potential redevelopment opportunity while providing existing rental income.
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Additional Information
- Taxes
- $556
- Net Operating Income
- $187,816
- Cap Rate
- 9.4
- Units
- 16
- Flooring
- Ceramic Tile, Other
- Parking Features
- >1 Space Per Unit
- Construction
- Block, Brick Veneer
- Roofing
- Composition
- Cooling
- See Remarks
- Heating
- See Remarks
- Zoning
- R-3
- Subdivision
- Capitol Addition
- Community Features
- No Pool
- Electric
- APS, SRP
- Water
- City Franchise, See Remarks
- Sewer
- Public Sewer, See Remarks
- Tenant Pays
- Electricity, Gas
- New Financing
- Conventional, 1031 Exchange, No Carry, Cash
Courtesy of Compass. 480-776-1555
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