2032 W Adams St - Multi-Family FOR SALE


Phoenix, AZ 85009- Capitol
$515,000 USD
949-533-5594
2032 W Adams St, Phoenix, AZ for Sale
$515,000 USD
Multi-Family - FOR SALE
1/9
null | 6.8% Cap Rate

2032 W Adams St
Phoenix, AZ 85009
Capitol


HIGHLIGHTS

  • Unit Mix: (1) Studio, (2) 1+1, (1) 2+1
  • Average Unit Size: ±465 SF
  • Current Average Rent: $1,148
  • Current Occupancy: 2 of 4 Units Occupied
  • Submarket: Capitol
  • Recent Interior Capital Improvements

OVERVIEW

Matthews™ is pleased to present 2032 W Adams St, 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, and in-unit electrical panels. 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. Broker of Record David Harrington License # CO701910000 (AZ) Matthews Real Estate Investment Services, Inc 4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251 (866) 889-0550

FOR SALE DETAILS

PRICE

$515,000 USD

PRICE/SF

$277 USD /SF

# OF UNITS

4

PRICE/UNIT

$128,750

CAP RATE

6.8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2032 W Adams St

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1938

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

109-31-068A

ASK ABOUT THIS PROPERTY

Brad SkenderianMatthews Real Estate Investment ServicesMore Info
949-533-5594

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Brad SkenderianMatthews Real Estate Investment ServicesMore Info
949-533-5594

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.