1825 East Adams Street, Phoenix, AZ 85034
Multifamily property with 7,700 SF of usable space.
- Added:
- Feb 24, 2023
- Days on Market:
- 1205
- Last Refresh:
- May 13 at 9:34 pm
Property Features for 1825 East Adams Street
General Information
- Standard status
- Active
- Size
- 7,700 SF
- Property subtype
- Multiple Dwellings
Building Details
- Year Built
- 2020
Listing agent Pablo D Acosta License #SA022871000 (602) 931-0369
Listing office Colonial Realty, LLC (602) 931-0369
Listing date Feb 24, 2023
Source Compass
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Colonial Realty, LLC
HighLights
- 7,700 sf of usable space
- New Waymo station under construction 1 block away
- Built in 2020
- ENERGY STAR Qualified Equipment
- 2 or More Cooling Units; 2 or More Heating Units
- Owner is the listing agent/architect/builder and an active AZ licensed realtor
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $173.7k | $22.56 |
| − Vacancy | −$10.4k | −$1.35 |
| EGI | $163.3k | $21.21 |
| − OpEx | −$73.5k | −$9.54 |
| NOI | $89.8k | $11.66 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.0994192
- Latitude
- 33.4488749
