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.
Property Features
Bathrooms
Appliances
- BI Oven/Range
- F/S Oven/Range
- Microwave
- W/D Hookup
Heating and Cooling
- Cooling Features: Electric, Wall/Window Unit(s), Ceiling Fan(s)
- Heating Features: Individual, Heat Pump, Window/Wall Unit(s), Electric
- Heating: Yes
Interior Features
- Flooring: Ceramic Tile, Vinyl
Land Info
- Additional Parcels: Yes
- Lot Size Acres: 0.835629
- Lot Size Dimensions: 36400
- Lot Size Square Feet: 36400
Exterior and Lot Features
- Road Surface Type: Asphalt
Garage and Parking
- Open Parking Spaces: 32
- Parking Features: Assigned, Add'l Parking Avail, >1 Space Per Unit, Common
- Parking Total: 32
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
Multi-Unit Info
School Information
- Elementary School District: Phoenix Elementary District
- School District: Phoenix Union High School District
Rental Info
- Gross Income: 260512.7999999
- Gross Scheduled Income: 268224
- Tenant Pays: Gas, Electricity
Other Property Info
- Annual Tax Amount: 518
- Source Listing Status: Active
- County: Maricopa
- Cross Street: 21st Ave & Adams/Monroe
- Directions: Just east of the I-17; south of the I-10; and south of Van Buren St.
- Tax Year: 2023
- Other Expense: 49600
- Source Property Type: Multiple Dwellings
- Source Neighborhood: CAPITOL ADDITION
- Owner Pays: Trash Collection, Water, Sewer, Landscaping
- Parcel Number: 109-32-095
- Postal Code Plus 4: 5237
- Subdivision: CAPITOL ADDITION
- Township: 1N
- Zoning: R-3
- Source System Name: C2C
Commercial Info
- Net Operating Income: 208650
- Operating Expense: 50118
Utilities
- Electric: APS, Individual Meter
- Sewer: Sewer-In & Connected, Public Sewer
- Water Source: City Franchise
Building and Construction
- Year Built: 1921
- Building Exterior Type: Brick Veneer, Brick
- Construction Materials: Brick Veneer, Brick
- Property Age: 103
- Roof: Composition
