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Sold on 04/29/2025
  • Other
  • Exterior
  • Entry Way
  • Bedroom
  • Living
  • Bath
  • Kitchen

2102 W Adams St, Phoenix, AZ 85009

  • $1,650,000

    Last sold 04/29/2025 after 248 Days

  • 16

    bed

  • 16

    bath

Multi-family not for sale
80 homes bought nearby with Movoto recently

About 2102 W Adams St

Property type Multi-family
Neighborhood
Year built 1921
HOA fee $0/month
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.
Listed by
Listing Agent - James C Stephens
Listing Office - Better Homes & Gardens Real Estate SJ Fowler
Source: ARMLS mls logo
MLS#6749136 • last updated 1 year ago
Movoto checked ARMLS for data 4 minutes ago
Overview
Cooling/AC Ceiling Fan(s), Other, See Remarks, Window/Wall Unit, Electric
Heating Other, See Remarks, Individual, Heat Pump, Window/Wall Unit(s), Electric
MLS # 6749136
Type Multiple Dwellings
Status Closed
Property Tax 518
Year Built 1921
Interior
Flooring Other, Ceramic Tile, Vinyl
Appliances Free-Standing Range, Other, Disposal, Refrigerator, Microwave
Exterior
Roof Composition
Construction Brick Veneer, Other, Brick
Parking Other, Assigned, Add'l Parking Avail, >1 Space Per Unit, Carport
# of Open Parking Spaces 32
Amenities / Utilities
Water Source Other, See Remarks, City Franchise
Sewer/Septic Sewer-In & Connected, Public Sewer
Location
Subdivision CAPITOL ADDITION
Community Features Other, See Remarks
Elementary School District Phoenix Elementary District
High School District Phoenix Union High School District
APN 109-32-095
Zoning R-3
Directions Just East Of The I-17; South Of The I-10; And South Of Van Buren St.
Multifamily Details
Total # of Units 16
Expense: Operating 50118
Financial Data Source Owner, Other (See Remarks), Projected Proforma
Vacancy Allowance 0.08
Net Operating Income 163840
Gross Income 213440
Expense: Other 49600
Gross Scheduled Income 230400
We are not permitted to show value estimates for this property.
  • Mar 2025
    mls logo MLS # 6749136
  • Mar 11, 2025 Listed
    $1,750,000 (-12.3%)
  • Feb 7, 2025 Pending
    —
  • Jan 14, 2025 Price Change
    $1,995,000 (-10.1%)
  • Dec 12, 2024 Price Change
    $2,220,000 (-4.3%)
  • Nov 9, 2024 Price Change
    $2,320,000 (-3.3%)
  • Aug 24, 2024 Listed
    $2,400,000
  • 2102 W Adams St
    $1.65M
  • Central City
    $445K
  • 85009
    $313K -6% y/y
  • Phoenix
    $465K -2% y/y
No chart available
Statistics calculated by Movoto

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3/10
Mary Mcleod Bethune School
public Grades PK, K-8
Phoenix Elementary District
8/10
Phoenix Coding Academy
public Grades 9-12
Phoenix Union High School District
3/10
Central High School
public Grades 9-12
Phoenix Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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