2121 W Adams Street, Phoenix, AZ 85009
$4,550,000
Property Type:
Multiple Dwellings
Bedrooms:
40
Baths:
40
Status:
Active
Current Price:
$4,550,000
Last Modified:
8/21/2026
More Information MLS# 7069727
Contract Info
Ownership: Fee Simple
Current Price: $4,550,000
List Price: $4,550,000
Status: Active
List Date: 2026-08-21
Location, Tax & Legal
Assessor's Map #: 32
Assessor's Parcel #: 135
Add'l Parcels: No
Tax Municipality: Phoenix
Taxes: 17156
Legal: LT 1 ADAMS 21 MCR 1563-50 AKA LTS 2,3,4,5,6 and 7 BLK 47 CAPITOL ADDITION MCR 02-13
Marketing Name: Adams Place
House Number: 2121
Compass: W
Street Name: Adams
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85009
Country: US
County Code: Maricopa
Assessor Number: 109-32-135
Tax Year: 2025
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 38
Lot Size Dimensions: 42,042 sq ft.
Total # of Units: 20
Year Built: 2025
Zoning: R-3
Project Type
13 - 24 Units: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 20
Avg Rent: 1500
Avg SqFt: 864
# Baths: 2
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Structure
Bedrooms Total: 40
Bathrooms Total: 40
Construction
Wood Frame: 1
Const - Finish
Stucco: 1
Roofing
Foam: 1
Floors
Vinyl: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 16000
Annual Ins Exp: 9000
Annual Landscape Exp: 5000
Annual Legal & Acctg: 3000
Annual Maint Exp: 18000
Annual Mgmt Exp: 15987
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Rplcmnt Rsrvs: 5000
Operating Exp: 89143
Other Income: 16680
Vacancy Allowance: 0.05
Adjusted Gross Inc: 357846
Pmt & Rate Info
Cap Rate: 5.57
Equity: 4550000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Individual: 1
Cooling
Electric: 1
Individual: 1
Tenant Pays
Electricity: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Free-Standing Electric Oven: 1
Microwave: 1
Refrigerator: 1
Washer/Dryer: 1
W/D Hookup: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Electric
APS: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Conventional: 1
No Carry: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Remarks Misc
Geo Lat: 33.448831
Geo Lon: -112.105182
Legal Info
Lot Number: 1
Income Expenses
Gross Annual Sch Inc: 360000
Net Operating Income: 253623
Property Features
Project Type: 13 - 24 Units
Construction: Wood Frame
Const - Finish: Stucco
Roofing: Foam
Floors: Vinyl
Sale Includes: Land & Building
Community Features: No Pool
Appliances Included: Free-Standing Electric Oven; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup
Heating: Individual
Cooling: Electric; Individual
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking Features: >1 Space Per Unit
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity
Source of Fincl Data: Owner; Projected Proforma
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
New Financing: Conventional; No Carry
Environmental: None
Listing Office: Marcus & Millichap
Last Updated: August - 21 - 2026
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