2121 W Adams Street, Phoenix, AZ 85009 (MLS# 7069727)

Contract Info

Ownership: Fee Simple Current Price: $4,550,000 List Price: $4,550,000 Status: Active List Date: 2026-08-21

Location, Tax & Legal

Assessor's Map #: 32 Assessor's Parcel #: 135 Add'l Parcels: No Tax Municipality: Phoenix Taxes: 17156 Legal: LT 1 ADAMS 21 MCR 1563-50 AKA LTS 2,3,4,5,6 and 7 BLK 47 CAPITOL ADDITION MCR 02-13 Marketing Name: Adams Place House Number: 2121 Compass: W Street Name: Adams St Suffix: Street City/Town Code: Phoenix State/Province: AZ Zip Code: 85009 Country: US County Code: Maricopa Assessor Number: 109-32-135 Tax Year: 2025

General Property Description

# of Buildings: 2 Uncvrd Parking Spcs: 38 Lot Size Dimensions: 42,042 sq ft. Total # of Units: 20 Year Built: 2025 Zoning: R-3

Project Type

13 - 24 Units: 1

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

2 Bedroom Units

# 2 Bedroom Units: 20 Avg Rent: 1500 Avg SqFt: 864 # Baths: 2

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Structure

Bedrooms Total: 40 Bathrooms Total: 40

Construction

Wood Frame: 1

Const - Finish

Stucco: 1

Roofing

Foam: 1

Floors

Vinyl: 1

Sale Includes

Land & Building: 1

Income & Expenses

Annual Elec Exp: 16000 Annual Ins Exp: 9000 Annual Landscape Exp: 5000 Annual Legal & Acctg: 3000 Annual Maint Exp: 18000 Annual Mgmt Exp: 15987 Owner Association: No Annual Ownr Asoc Fee: 0 Annual Rplcmnt Rsrvs: 5000 Operating Exp: 89143 Other Income: 16680 Vacancy Allowance: 0.05 Adjusted Gross Inc: 357846

Pmt & Rate Info

Cap Rate: 5.57 Equity: 4550000 Down Payment %: 0 Monthly Payments: 0 Total Owed: 0

Showing Notification Methods

Showing Service: No Showing Service Used Text: 1 Email: 1 Phone Call: 1

Lockbox Type

None: 1

Community Features

No Pool: 1

Heating

Individual: 1

Cooling

Electric: 1 Individual: 1

Tenant Pays

Electricity: 1

Appliances Included

Dishwasher: 1 Disposal: 1 Free-Standing Electric Oven: 1 Microwave: 1 Refrigerator: 1 Washer/Dryer: 1 W/D Hookup: 1

Road Surface Type

Asphalt: 1

Source of Fincl Data

Owner: 1 Projected Proforma: 1

Water Source

City Franchise: 1

Sewer

Sewer - Public: 1

Parking Features

>1 Space Per Unit: 1

Electric

APS: 1

Gas

None: 1

Owner Pays

Water: 1 Sewer: 1 Trash Collection: 1 Landscaping: 1

New Financing

Conventional: 1 No Carry: 1

Reports/Disclosures

None: 1

Environmental

None: 1

Remarks Misc

Geo Lat: 33.448831 Geo Lon: -112.105182

Legal Info

Lot Number: 1

Income Expenses

Gross Annual Sch Inc: 360000 Net Operating Income: 253623

Property Features

Project Type: 13 - 24 Units Construction: Wood Frame Const - Finish: Stucco Roofing: Foam Floors: Vinyl Sale Includes: Land & Building Community Features: No Pool Appliances Included: Free-Standing Electric Oven; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup Heating: Individual Cooling: Electric; Individual Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Parking Features: >1 Space Per Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity Source of Fincl Data: Owner; Projected Proforma Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None New Financing: Conventional; No Carry Environmental: None