825 N 2nd Avenue, Phoenix, AZ 85003
- $4,930,000
- List Price
- $4,930,000
- Price Change
- ▲ $240,000 1744872712
- Days on Market
- 314
- Status
- ACTIVE
- MLS#
- 6768625
- City
- Phoenix
- Subdivision
- Bennett Place D-F K & L
- Year Built
- 1954
Property 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 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.
Additional Information
- School District
- Phoenix Union High School District
- Community Features
- Other
- Construction
- Wood Frame, Painted
- Cooling
- Other
- Electric
- Other (See Remarks)
- Flooring
- Ceramic Tile, Vinyl
- Heating
- Other
- New Financing
- Other (See Remarks)
- Parking Features
- Other
- Roofing
- Composition
- Sewer
- Other
- Subdivision
- Bennett Place D-F K & L
- Tax Year
- 2023
- Units
- 24
- Water
- See Remarks
- Zoning
- R
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Listing courtesy of Clear Commercial Advisors.
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