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2032 W Adams St - 2032 W Adams St 4 Unit Apartment Building Offered at $550,000 at a 6.36% Cap Rate Phoenix, AZ 85009
Investment Highlights
- Unit Mix: (1) Studio, (2) 1+1, (1) 2+1
- Current Average Rent: $1,148
- Submarket: Capitol
- Average Unit Size: ±465 SF
- Current Occupancy: 2 of 4 Units Occupied
- Recent Interior Capital Improvements
Executive Summary
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
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
Property Facts
| Price | $550,000 | Property Type | Multifamily |
| Price Per Unit | $137,500 | Building Size | 1,860 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.36% | Year Built | 1938 |
| No. Units | 4 |
| Price | $550,000 |
| Price Per Unit | $137,500 |
| Sale Type | Investment |
| Cap Rate | 6.36% |
| No. Units | 4 |
| Property Type | Multifamily |
| Building Size | 1,860 SF |
| No. Stories | 1 |
| Year Built | 1938 |
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2032 W Adams St - 2032 W Adams St
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