Active

825 N 2ND Avenue

Phoenix AZ, 85003

$4,930,000


Active

Other

Built in 1954

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.

6768625

MLS ID

October 9, 2024

Listed

December 3, 2024

Updated

Map

825 N 2ND Avenue
Phoenix AZ, 85003

Interior Features

Floor Description

Ceramic Tile, Vinyl


Fireplace

No


Cooling

Yes


Cooling Description

Other


Heating

Yes


Heating Description

Other

Exterior/Building Features

Roof

Composition


Sewer

Other

Other Property Details

Days on Market

55


Garage

No


Parking

Other (See Remarks)


Parking Total

0


View

No


County

Maricopa


Water Source

See Remarks


Pool

No


Zoning

R

Courtesy of Clear Commercial Advisors

Listing Contact: 602-312-6261 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Jen Sheedy shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data Last Updated: 11:45 PM UTC, 12/3/2024.

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