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Unique W Downtown Phoenix area 16 unit. Hard to beat price of $138,750/unit. 9 of the 16 units have recently been upgraded w/ new roofs. Seller financing at 50% LTV or discounted cash offers. 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. Four water meters. Zoned R-3. Add units or split up the complex. Another option is assumable agency debt (3.87%; $1,155,000 balance; '32 balloon). Long-term owner. Rents range from $1000-$1397.
Last Updated | 12/12/2024 | Tract | CAPITOL ADDITION |
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Year Built | 1921 | Community | CAPITOL ADDITION |
County | Maricopa |
Price History
Prior to Nov 9, '24 | $2,400,000 |
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Nov 9, '24 - Dec 12, '24 | $2,320,000 |
Dec 12, '24 - Today | $2,220,000 |
Additional Details
AIR | Ceiling Fan(s), Central Air, Electric, Other, Wall/Window Unit(s) |
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AIR CONDITIONING | Yes |
APPLIANCES | Microwave |
CONSTRUCTION | Brick, Brick Veneer, See Remarks |
HEAT | Electric, Heat Pump, Other, See Remarks |
LOT DIMENSIONS | 36400 |
PARKING | Assigned, Common |
SEWER | Public Sewer |
SUBDIVISION | CAPITOL ADDITION |
TAXES | 518 |
UTILITIES | Sewer Connected |
WATER | Other, See Remarks, Public |
Location
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Data last updated 12/18/24 7:15 AM PST.
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