825 N 2ND Avenue, Phoenix, AZ 85003 (MLS# 6768625)

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
825 N 2ND Avenue, Phoenix, AZ 85003- MLS# 6768625
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