825 N 2nd Ave Phoenix, AZ 85003
Downtown Phoenix NeighborhoodEstimated payment $27,517/month
Highlights
- Cooling Available
- 4-minute walk to Roosevelt/Central Ave
- Heating Available
- Phoenix Coding Academy Rated A
- Ceramic Tile Flooring
- 3-minute walk to Roosevelt Mini Park
About This Home
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 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.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1954
Home Design
- Wood Frame Construction
- Composition Roof
Flooring
- Ceramic Tile
- Vinyl
Utilities
- Cooling Available
- Heating Available
Community Details
- 24 Units
- Building Dimensions are NA
- Bennett Place D F K & L Subdivision
Listing and Financial Details
- Tax Lot 11
- Assessor Parcel Number 111-40-079
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 | -- | $129,892 | -- | -- |
| 2024 | -- | $123,707 | -- | -- |
| 2023 | $0 | $162,375 | $101,130 | $61,245 |
| 2022 | $0 | $127,215 | $71,010 | $56,205 |
| 2021 | $0 | $125,565 | $71,010 | $54,555 |
| 2020 | $0 | $155,880 | $31,170 | $124,710 |
| 2019 | $0 | $96,000 | $19,200 | $76,800 |
| 2018 | $10,897 | $118,022 | $63,151 | $54,871 |
| 2017 | $10,643 | $163,775 | $32,752 | $131,023 |
| 2016 | -- | $65,660 | $13,130 | $52,530 |
| 2015 | $9,566 | $54,000 | $10,800 | $43,200 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/17/2025 04/17/25 | Price Changed | $4,930,000 | +5.1% | -- |
| 03/26/2025 03/26/25 | Price Changed | $4,690,000 | -2.1% | -- |
| 02/20/2025 02/20/25 | Price Changed | $4,790,000 | -2.8% | -- |
| 10/09/2024 10/09/24 | For Sale | $4,930,000 | +228.7% | -- |
| 11/21/2014 11/21/14 | Sold | $1,500,000 | -5.6% | $1,613 / Sq Ft |
| 09/18/2014 09/18/14 | Pending | -- | -- | -- |
| 08/29/2014 08/29/14 | For Sale | $1,589,000 | -- | $1,709 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | -- | None Available | |
| Special Warranty Deed | -- | None Available | |
| Special Warranty Deed | $1,500,000 | American Title Svc Agency Ll | |
| Warranty Deed | $970,000 | Magnus Title Agency | |
| Special Warranty Deed | $1,988,000 | Old Republic Title Agency | |
| Special Warranty Deed | $850,000 | Capital Title Agency Inc | |
| Warranty Deed | $830,000 | First American Title Ins |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,100,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $1,016,250 | Seller Take Back | |
| Previous Owner | $145,000 | Commercial | |
| Previous Owner | $500,000 | Commercial | |
| Previous Owner | $240,000 | Seller Take Back | |
| Previous Owner | $130,000 | Commercial | |
| Previous Owner | $1,490,000 | Commercial |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6768625
APN: 111-40-079
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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