Melissa Gasper
Realty ONE Group
(855) 952-1092
100 Total Sales
3 in Central City
$180K - $585K Price Range
2102 W Adams St Phoenix, AZ 85009
Central City NeighborhoodEstimated Value: $320,000 - $443,967
Studio
--
Baths
--
Sq Ft
7,013
Sq Ft Lot
Highlights
- Ceramic Tile Flooring
- Ceiling Fan
- Heat Pump System
- Phoenix Coding Academy Rated A
About This Home
As of April 2025Unique 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
Better Homes & Gardens Real Estate SJ Fowler License #BR650365000 Listed on: 08/24/2024
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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
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
Ge 18 Investments Llc
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
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
-66.45%
Purchase Details
Closed on
Jul 12, 2019
Sold by
Csi Secured Loan Fund Llc
Bought by
G & E Tds Llc
Purchase Details
Closed on
Apr 2, 2019
Sold by
Pensco Trust Company Llc
Bought by
G & E Tds Llc
Purchase Details
Closed on
Feb 23, 2016
Sold by
First Trust Corp
Bought by
Pensco Trust Company Llc
Purchase Details
Closed on
Jan 2, 2008
Sold by
Krugen Larry
Bought by
Firs Karen Lee Gleich and Firs Amy Lynne Gleich
Purchase Details
Closed on
Nov 9, 2005
Sold by
Hellerich Jay
Bought by
Krugen Larry
Purchase Details
Closed on
Oct 25, 2005
Sold by
Krugen Merri
Bought by
Krugen Larry
Purchase Details
Closed on
Jan 20, 2005
Sold by
Filmardrossian Mher
Bought by
Hellerich Jay
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
5.69%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 12, 2004
Sold by
Albarian Tamar T
Bought by
Filmardirrosian Mher
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
5.62%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 22, 2004
Sold by
Toma Ana
Bought by
Filmardrossian Mher
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
5.62%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 18, 2003
Sold by
Thomas Gardens Inc
Bought by
Toma Anna
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
5.72%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Central City, AZ
-
Melissa Gasper
-
Christi Lott
Christi Lott
Responds QuicklyKeller Williams, Professional Partners
(623) 552-4966
56 Total Sales
1 in Central City
$260,000 Price
-
Alexander Prewitt
Alexander Prewitt
Real Broker
(520) 214-6602
442 Total Sales
2 in Central City
$350K - $545K Price Range
-
Sarah McNurlin
Sarah McNurlin
Responds QuicklyArizona Best Real Estate
(406) 763-7948
79 Total Sales
1 in Central City
$300,000 Price
-
Olga Boyke
Olga Boyke
eXp Realty
(623) 404-8475
54 Total Sales
1 in Central City
$365,000 Price
-
Megan Faber
Megan Faber
Real Broker
(623) 323-5384
109 Total Sales
1 in Central City
$800,000 Price
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 | ||
| G & E Tds Llc | $210,000 | None Available | |
| G & E Tds Llc | -- | None Available | |
| Pensco Trust Company Llc | -- | None Available | |
| Firs Karen Lee Gleich | -- | Capital Title Agency Inc | |
| Krugen Larry | $149,200 | Capital Title Agency Inc | |
| Krugen Larry | -- | Capital Title Agency Inc | |
| Hellerich Jay | $175,200 | Arizona Title Agency Inc | |
| Filmardirrosian Mher | -- | Old Republic Title Agency | |
| Filmardrossian Mher | -- | Old Republic Title Agency | |
| Toma Anna | $60,000 | Fidelity National Title | |
| Toma Ana | -- | 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 | Hellerich Jay | $130,000 | |
| Previous Owner | Filmardrossian Mher | $106,400 | |
| Previous Owner | Toma Anna | $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
-
James Stephens
JS
Seller's Agent in 2025
James Stephens
Better Homes & Gardens Real Estate SJ Fowler
(602) 672-3526
3 in this area
42 Total Sales
-
Zachary Coty
ZC
Buyer's Agent in 2025
Zachary Coty
Compass
(602) 516-4767
5 in this area
30 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6749136
APN: 109-32-095
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.
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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