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825 N 2ND Avenue, Phoenix, AZ 85003

$4,930,000
Property Type: Multiple Dwellings Status: Active
Current Price: $4,930,000 Last Modified: 12/03/2024

Description

Discover the charm of urban living in the heart of Roosevelt Row, one of downtown Phoenix's most vibrant and eclectic neighborhoods. This 24-unit apartment complex, featuring a mix of 1-bedroom/1-bath units and studio apartments, offers tenants the perfect combination of comfort and convenience. With a total rentable square footage of 8,788 SF, this property is just steps away from boutique restaurants, trendy bars, and unique shopping destinations. Each unit is individually metered for electricity, providing tenants with independent control over their utilities. The property also includes a community laundry room for added convenience. Currently, all units are occupied by an owner-user, and the owner may consider leasing back some units temporarily, depending on the terms. Please

Supplements: note that all numbers provided in the listing are proforma estimates. Located in the bustling Roosevelt Row area, this is a prime opportunity for investors seeking stable income and a property with excellent long-term potential. Please note: Drive-by only. Do not disturb tenants.

More Information MLS# 6768625

Contract Info

Current Price: $4,930,000 List Price: $4,930,000 Status: Active List Date: 2024-10-09 Ownership: Fee Simple

Location Tax Legal

House Number: 825 Compass: N Street Name: 2ND St Suffix: Avenue City/Town Code: Phoenix State/Province: AZ Zip Code: 85003 Zip4: 1422 Country: USA County Code: Maricopa Subdivision: BENNETT PLACE D-F K & L Assessor Number: 111-40-079 Tax Year: 2023

General Property Description

Lot Size Dimensions: NA Year Built: 1954 Total # of Units: 24 # of Buildings: 1 Zoning: R

Remarks Misc

Geo Lat: 33.457682 Geo Lon: -112.076032

Status Change Info

Status Change Date: 2024-10-09

Legal Info

Township: 1N Range: 3E Section: 5 Lot Number: 11

Showing Notification Methods

Showing Service: Aligned Showings

Efficiency Units

# Efficiency Units: 20

1 Bedroom Units

# 1 Bedroom Units: 4

Property Features

Project Type: 13 - 24 Units Construction: Frame - Wood Const - Finish: Painted Roofing: Comp Shingle Floors: Vinyl; Ceramic Tile Sale Includes: Land & Building; Laundry Equipment Community Amenities: Other Appliances Included: Other (See Remarks) Heating: Other Cooling: Other Water: See Remarks Sewer: Other (See Remarks) Electric: Other (See Remarks) Gas: Other (See Remarks) Parking: Other (See Remarks) Owner Pays: See Remarks Tenant Pays: Other (See Remarks) Source of Fincl Data: Other (See Remarks) Lockbox Type: Other New Financing: Other (See Remarks) Environmental: Other (See Remarks)
Listing Office: Clear Commercial Advisors
Last Updated: December - 03 - 2024
825 N 2ND Avenue, Phoenix, AZ 85003- MLS# 6768625
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