Properties
Phoenix, AZ 85009 2032 W ADAMS Street
$515,000
16 more
Presented By: Matthews Real Estate Investment Services; 310-388-0788
Home Details
a four-unit apartment community located near Downtown Phoenix. Originally constructed in 1938, the property features a mix of studio, one-bedroom, and two-bedroom units, two of which are currently occupied. Current ownership has made upgrades to each of the unit interiors to various levels, including kitchens, bathrooms, in-unit electrical panels, and plumbing. Future ownership will have the opportunity to capture additional value-add upside through continued interior and exterior renovations. The property sits just outside of Downtown Phoenix, with easy proximity to Downtown government buildings, employment centers, and freeway access.. Great opportunity for either an investor or owner-occupant.
Presented By: Matthews Real Estate Investment Services; 310-388-0788
Interior Features for 2032 W ADAMS Street
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringOther, Carpet
Heating Y/NYes
General for 2032 W ADAMS Street
Additional Parcels Y/NNo
Attached Garage No
Cap Rate6.61
Carport Y/NNo
CityPhoenix
Community FeaturesNo Pool
Construction MaterialsPainted, Stucco, Block
CoolingEvaporative Cooling, Electric, 2 or More Units
CountyMaricopa
DisclosuresNone
ElectricAPS
Elementary School DistrictPhoenix Elementary District
Garage Y/NNo
Gross Income52555.0
HeatingElectric, Natural Gas
High School DistrictPhoenix Union High School District
Insurance Expense1823.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
MobileHomeRemainsYNNo
Net Operating Income36329.0
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
New Financing: FHATrue
New Financing: VATrue
Number Of Units Total4
Open Parking Spaces4.0
Operating Expense10842.0
OwnerPaysOther, Trash Collection, Water, Sewer
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofComposition
Senior CommunityN
SewerSewer-In & Connected, Public Sewer
Standard StatusActive
StatusActive
Subdivision NameCAPITOL ADDITION
Tax Annual Amount965.0
Tax Lot17
Tax Year2025
Township1N
Water Sewer Expense4136.0
Year Built1938
ZoningR-3
Exterior for 2032 W ADAMS Street
Covered Spaces0.0
Crops Included Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions70X100
Number of Buildings3
Parking FeaturesOther
Road Surface TypeDirt, Gravel
SpaNo
Total Parking4.0
Water SourceCity Franchise
Additional Details
Price History
