• $4,930,000

825 N 2ND Avenue, Phoenix, AZ 85003

Listing Courtesy of Clear Commercial Advisors

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.

Details

Status:Active
Type:Multiple Dwellings
Built Year:1954
Property ID:6768625

Property Location

825 N 2ND Avenue, Phoenix, AZ 85003
Tour Type
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Fred Rea, RealtorĀ®
  • Fred Rea, RealtorĀ®