House for sale

Overview

Unique complex in a highly gentrifying W Downtown Phoenix neighborhood. Exudes upside potential. The opportunity consists of 16 units (all 1 bedroom/1 bathroom (488/sf /-). 7811 total +/-. Nine buildings on six contiguous lots (36, 400 total sf +/-) with a shared parking area. Three duplex buildings line Adams St (6). Four duplexes line 21st Ave with one SF house (9). 2105 W Monroe is the 16th unit. (USPS addresses differ). About 50% of these have been upgraded to various levels. Separate utilities (electric/gas). Zoned R-3. Add units or split up the complex. Assumable agency debt (3.87%; $1, 200, 000 balance; 2032 balloon). Long term owner. Several completed new construction projects and many owner-occupants as neighbors. Value-add opportunity offering different use plays. PTAC heat/cool.