825 N 2ND Avenue, Phoenix, AZ 85003
$4,930,000



Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$4,930,000
Last Modified:
4/17/2025
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
Supplements: 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.
More Information MLS# 6768625
Contract Info
Ownership: Fee Simple
Current Price: $4,930,000
List Price: $4,930,000
Status: Active
List Date: 2024-10-09
Location, Tax & Legal
Assessor's Map #: 40
Legal Description (Abbrev): BENNETT PL N2 LOT 11 ALL LOT 13 & S2 OF LOT 15 BLK I
Assessor's Parcel #: 79
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 113100
Taxes: 0
Legal: BENNETT PL N2 LOT 11 ALL LOT 13 & S2 OF LOT 15 BLK I
Marketing Name: Hilton Apartments
House Number: 825
Compass: N
Street Name: 2ND
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85003
Zip4: 1422
County Code: Maricopa
Subdivision: BENNETT PLACE D-F K & L
Assessor Number: 111-40-079
Tax Year: 2023
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 0
Lot Size Dimensions: NA
Total # of Units: 24
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Year Built: 1954
Zoning: R
Legal Info
Range: 3E
Section: 5
Township: 1N
Lot Number: 11
Project Type
13 - 24 Units: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Laundry Equipment: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 0
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Pmt & Rate Info
Equity: 4
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
Other: 1
Community Features
Other: 1
Heating
Other: 1
Cooling
Other: 1
Tenant Pays
Other (See Remarks): 1
Appliances Included
Other: 1
Roads/Streets
Asphalt: 1
Source of Fincl Data
Other (See Remarks): 1
Water Source
See Remarks: 1
Sewer
Other: 1
Parking Features
Other: 1
Electric
Other (See Remarks): 1
Gas
Other (See Remarks): 1
Owner Pays
See Remarks: 1
New Financing
Other (See Remarks): 1
Reports/Disclosures
Other (See Remarks): 1
Environmental
Other (See Remarks): 1
Efficiency Units
# Efficiency Units: 20
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 4
Avg Rent: 0
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Geo Lat: 33.457682
Geo Lon: -112.076032
Property Features
Project Type: 13 - 24 Units
Construction: Wood Frame
Const - Finish: Painted
Roofing: Composition
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building; Laundry Equipment
Community Features: Other
Appliances Included: Other
Heating: Other
Cooling: Other
Water Source: See Remarks
Sewer: Other
Electric: Other (See Remarks)
Gas: Other (See Remarks)
Parking Features: Other
Owner Pays: See Remarks
Tenant Pays: Other (See Remarks)
Source of Fincl Data: Other (See Remarks)
Lockbox Type: Other
New Financing: Other (See Remarks)
Environmental: Other (See Remarks)
Listing Office: Clear Commercial Advisors
Last Updated: April - 17 - 2025

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