Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$4,750,000
Last Modified:
4/02/2025
Search
845 N 2nd Avenue, Phoenix, AZ 85003
$4,750,000
Description
Set to the backdrop of Downtown Phoenix's sky-reaching
office infrastructure, among the bustling economic and
entertainment prospects of the area's expanding urban culture,
stands Westminster (the ''Property''), a 16-unit multifamily
asset offering in the city's all-inclusive, live-work-learn-play
capital. The Property's blend of redone interiors showcasing its
historic charm is enhanced by a geographically central location
offering irreplaceable walkability to all downtown has to offer.
More Information MLS# 6844417
Contract Info
Current Price: $4,750,000
List Price: $4,750,000
Status: Active
List Date: 2025-04-01
Ownership: Fee Simple
Location Tax Legal
House Number: 845
Compass: N
Street Name: 2nd
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85003
Country: US
County Code: Maricopa
Assessor Number: 111-40-090
Tax Year: 2024
General Property Description
Lot Size Dimensions: 7,000 sq ft.
Year Built: 1916
Total # of Units: 16
# of Buildings: 1
Zoning: DTC
Remarks Misc
Geo Lat: 33.458503
Geo Lon: -112.076023
Status Change Info
Status Change Date: 2025-04-01
Legal Info
Lot Number: 25
Income Expenses
Gross Annual Sch Inc: 340416
Net Operating Income: 269091
Showing Notification Methods
Showing Service: No Showing Service Used
2 Bedroom Units
# 2 Bedroom Units: 16
Avg Rent: 1735
Avg SqFt: 856
# Baths: 16
Property Features
Project Type: 13 - 24 Units
Construction: Block; Brick
Const - Finish: Painted; Stucco
Roofing: Foam
Floors: Vinyl; Wood
Sale Includes: Land & Building
Community Features: No Pool
Appliances Included: Built-In Gas Oven; Refrigerator
Cooling: Electric
Water Source: Master Meter
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking Features: On Street
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity
Source of Fincl Data: Owner; Projected Proforma
Lockbox Type: None
New Financing: Cash; Conventional; No Carry; 1031 Exchange
Environmental: None
Listing Office: Marcus & Millichap
Last Updated: April - 02 - 2025
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