NOT LISTED FOR SALE

2102 W Adams St Phoenix, AZ 85009

Central City Neighborhood

Estimated Value: $216,000 - $540,306

Studio
-- Bath
-- Sq Ft
7,013 Sq Ft Lot

Sale Details

Date Sold: April 29, 2025

Last sale price $1,650,000

Current estimated payment $1,998 / mo

216 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Ceramic Tile Flooring
  • Heat Pump System
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

As of April 2025

Unique W Downtown Phoenix area 16 unit complex. Under $110K/door & $224/sf! 9 of the 16 units have recently been upgraded w/ new roofs. Seller financing at 5.25% i/o with a 5 yr balloon at 45-50% LTV. 9+ CAP proforma. New construction apartments across the street w/ many owner-occupants within a block. The complex consists of 16 units (all 1 bedroom/1 bathroom (488/sf /-). 7800 total +/-. Nine buildings on six contiguous lots (36,400 total sf +/-). Ample surface parking. Three duplex buildings line Adams St (6). Four duplexes line 21st Ave with one SF house (9). 2105 W Monroe is the 16th unit. All separate electric/gas that is tenant-paid. Four water meters. Zoned R-3. Long-term owner. Rents range from $1000-$1297.

Last Agent to Sell the Property

James Stephens

Better Homes & Gardens Real Estate SJ Fowler License #BR650365000 Listed on: 08/24/2024

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Zachary Coty

Compass License #SA697361000

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $518

Year Built

  • Built in 1921

Lot Details

  • 7,013

Home Design

  • Brick Exterior Construction
  • Composition Roof

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 32 Open Parking Spaces
  • 32 Parking Spaces
  • Carport
  • Over 1 Space Per Unit
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heat Pump System
  • Individual Controls for Heating
  • Window Unit Heating System
  • Separate Meters

Additional Features

  • Ceiling Fan
  • Additional Parcels

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 24
  • Assessor Parcel Number 109-32-095

Community Details

Overview

  • 9 Buildings
  • 16 Units
  • Building Dimensions are 36400
  • Capitol Addition Subdivision

Building Details

  • Operating Expense $50,118
  • Gross Income $213,440
  • Net Operating Income $163,840

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$518

Year Built

Built in 1921

Lot Details

7,013 Sq Ft Lot

Listing Details

  • Cross Street: 21st Ave & Adams/Monroe
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 9
  • Ownership: Fee Simple
  • Year Built: 1921
  • Tax Year: 2023
  • Road Surface Type: Asphalt
  • Subdivision Name: CAPITOL ADDITION
  • Cooling:Ceiling Fan(s): Yes
  • Construction Brick: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Ceramic Tile, Vinyl
  • Appliances: Free-Standing Range, Other, Disposal, Refrigerator, Microwave
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Other (See Remarks)56: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Other, Brick Veneer, Brick
  • Roof: Composition

Garage/Parking

  • Parking Features: Other, Assigned, Add'l Parking Avail, >1 Space Per Unit, Carport
  • Attached Garage: No
  • Open Parking Spaces: 32.0
  • Total Parking Spaces: 32.0
  • General Property Description:Uncvrd Parking Spcs: 32.0
  • General Property Description:Total Parking Spcs: 32.0
  • Parking Features:Carport: Yes
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Assigned: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Ceiling Fan(s), Other, See Remarks, Window/Wall Unit, Electric
  • Heating: Other, See Remarks, Individual, Heat Pump, Window/Wall Unit(s), Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Other, See Remarks, City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes
  • Heating:WindowWall Unit(s): Yes
  • Main Cooling Other: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Other (See Remarks)51: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 36400
  • Additional Parcels: Yes
  • Parcel #: 109-32-095

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 16
  • Annual Gross Income: 213440.0
  • Property Net Operating Income: 163840.0
  • Annual Operating Expense: 50118.0
  • Vacancy Allowance Rate: 0.08

Tax Info

  • Tax Annual Amount: 518.0
  • Tax Book Number: 109.00
  • Tax Lot: 24

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2024
Closed on
Apr 24, 2025
Sold by
Bought by
Seller's Agent
James Stephens
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Zachary Coty
Compass
List Price
$1,750,000
Sold Price
$1,650,000
Premium/Discount to List
-$100,000
-5.71%
Views
56
Current Estimated Value
$367,827

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,282,173
Avg. Annual Appreciation
-71.37%

Purchase Details

Closed on
Jul 12, 2019
Sold by
Bought by

Purchase Details

Closed on
Apr 2, 2019
Sold by
Bought by

Purchase Details

Closed on
Feb 23, 2016
Sold by
Bought by

Purchase Details

Closed on
Jan 2, 2008
Sold by
Bought by

Purchase Details

Closed on
Nov 9, 2005
Sold by
Bought by

Purchase Details

Closed on
Oct 25, 2005
Sold by
Bought by

Purchase Details

Closed on
Jan 20, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
0.0569%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 12, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,400
Interest Rate
0.0562%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 22, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,400
Interest Rate
0.0562%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 18, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Interest Rate
0.0572%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,400,000 Navi Title Agency
$210,000 None Available
-- None Available
-- None Available
-- Capital Title Agency Inc
$149,200 Capital Title Agency Inc
-- Capital Title Agency Inc
$175,200 Arizona Title Agency Inc
-- Old Republic Title Agency
-- Old Republic Title Agency
$60,000 Fidelity National Title
-- Fidelity National Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $165,000
Previous Owner $130,000
Previous Owner $106,400
Previous Owner $48,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/29/2025 04/29/25 Sold $1,650,000 -5.7% --
03/28/2025 03/28/25 Pending -- -- --
03/11/2025 03/11/25 Price Changed $1,750,000 0.0% --
03/11/2025 03/11/25 For Sale $1,750,000 -12.3% --
02/06/2025 02/06/25 Pending -- -- --
01/14/2025 01/14/25 Price Changed $1,995,000 -10.1% --
12/12/2024 12/12/24 Price Changed $2,220,000 -4.3% --
11/09/2024 11/09/24 Price Changed $2,320,000 -3.3% --
08/24/2024 08/24/24 For Sale $2,400,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $556 $3,912
2024 $518 $3,726
2023 $518 $19,200 $2,960 $16,240
2022 $500 $13,080 $2,010 $11,070
2021 $496 $11,970 $1,840 $10,130
2020 $502 $9,880 $1,520 $8,360
2019 $501 $8,260 $1,270 $6,990
2018 $492 $6,530 $1,000 $5,530
2017 $481 $5,930 $910 $5,020
2016 $467 $4,620 $710 $3,910
2015 $432 $4,030 $620 $3,410
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2025

    James Stephens

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 672-3526

    3 in this area

    42 Total Sales

    James Stephens
    Section Image

  • Z

    Buyer's Agent in 2025

    Zachary Coty

    Compass

    (602) 516-4767

    5 in this area

    29 Total Sales

    Zachary Coty
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6749136

Arizona Regional Multiple Listing Service (ARMLS)

APN: 109-32-095

Arizona Maricopa County Phoenix 85009 Central City

2102 W Adams St, Phoenix, AZ

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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