1241 E ADAMS Street, Phoenix, AZ 85034

$1,729,000
Property Type: Multiple Dwellings Status: Active
Current Price: $1,729,000 Last Modified: 5/24/2025

Description

Prime Downtown Phoenix 6-Unit Multi-Family Investment - Fully Renovated & Permitted through the City of Phoenix. Every unit has been meticulously updated from the ground up with all new electrical, plumbing, roofs, HVAC systems, and energy-efficient windows, offering peace of mind and modern functionality for years to come. Step inside to find stylish new kitchens featuring stainless steel appliances, custom cabinetry, and quartz countertops, as well as luxuriously updated bathrooms with contemporary finishes. Washer/Dryer's in units. Each unit combines comfort, style, and durability, perfect for attracting quality tenants or operating as a premium rental portfolio

Supplements: Situated on a large corner lot with potential for future subdividing or development, this property offers investors significant long-term upside. Location doesn't get better than thisjust steps to Roosevelt Row's restaurants, art galleries, and nightlife, Banner Medical Center, ASU & U of A Downtown Campuses, the Phoenix Financial District, Chase Field, Footprint Center, and all that downtown Phoenix has to offer. Whether you're looking for a turnkey multi-family asset, a cash-flowing investment in a booming rental market, or future redevelopment potential, this property checks every box.

More Information MLS# 6870735

Contract Info

Current Price: $1,729,000 List Price: $1,729,000 Status: Active List Date: 2025-05-23 Ownership: Fee Simple

Location Tax Legal

House Number: 1241 Compass: E Street Name: ADAMS St Suffix: Street City/Town Code: Phoenix State/Province: AZ Zip Code: 85034 Zip4: 1116 Country: US County Code: Maricopa Subdivision: COLLINS ADDITION PHOENIX BLOCKS 31-34 & 39-40 Assessor Number: 116-45-111 Tax Year: 2024

General Property Description

Lot Size Dimensions: 12 Year Built: 1926 Uncvrd Parking Spcs: 6 Total # of Units: 6 # of Buildings: 3 Zoning: R5 Elementary School District: Phoenix Elementary District High School District: Phoenix Union High School District Elementary School: Phoenix #1 iAcademy Jr. High School: Augustus H. Shaw Montessori High School: North High School

Remarks Misc

Cross Street: 13th Street and Washington Geo Lat: 33.449119 Geo Lon: -112.054738

Status Change Info

Status Change Date: 2025-05-23

Legal Info

Township: 1N Range: 3E Section: 9 Lot Number: 3

Showing Notification Methods

Showing Service: Aligned Showings

1 Bedroom Units

# 1 Bedroom Units: 6 Avg Rent: 1500 Avg SqFt: 500 # Baths: 1

Property Features

Project Type: 5 - 12 Units Construction: Block Const - Finish: Painted Roofing: Foam Floors: Vinyl; Ceramic Tile Sale Includes: Building(s) Only; Laundry Equipment Community Features: No Pool Appliances Included: Free-Standing Electric Oven; Refrigerator; Microwave; Washer/Dryer Heating: Heat Pump Cooling: Central Air Water Source: Master Meter Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: 1 Space/Unit Owner Pays: Other Tenant Pays: Other (See Remarks) Source of Fincl Data: Unknown Lockbox Type: Supra Existing 1st Loan: Treat as Free&Clear New Financing: Cash; VA; Conventional Environmental: None
Listing Office: SRL Group
Last Updated: May - 24 - 2025
1241 E ADAMS Street, Phoenix, AZ 85034- MLS# 6870735
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