2505 E Monroe ST, Phoenix, AZ 85034
Central Phoenix Infill Investment with Redevelopment Potential
Marketing description
2505 E Monroe Street, Phoenix, AZ 85034, presents an exceptional multifamily investment or redevelopment opportunity in the heart of Central Phoenix. The property consists of a twelve-unit multifamily complex built in 1972, situated on a 0.32-acre lot and zoned R-4, permitting higher-density residential development.
Formerly operated as a 15-unit motel, the property includes three buildings, some of which have sustained fire damage—offering a unique chance for investors to reposition or redevelop the asset. A site plan has already been approved, providing a valuable head start for future improvements or new construction.
Ideally located with easy access to Downtown Phoenix, major freeways, public transportation, and local amenities, this site benefits from strong rental demand and the area’s continued urban growth. With its strategic location and redevelopment potential, 2505 E Monroe Street stands out as a prime infill investment opportunity in one of Phoenix’s most active and evolving markets.
Investment highlights
The property at 2505 E Monroe Street, Phoenix, AZ 85034 is a twelve-unit multifamily complex built in 1972, comprising multiple buildings on a 0.32-acre lot. The property is zoned R-4, allowing for higher-density residential use and potential redevelopment.
Located in Central Phoenix, it offers convenient access to downtown, major freeways, public transit, and local amenities. Formerly operated as a 15-unit motel, the property currently consists of three buildings that have sustained fire damage, presenting an opportunity for redevelopment or value-add renovation. A site plan has already been approved, offering investors a head start on repositioning the asset.
With strong rental demand and continued urban growth in the area, this property represents a prime investment opportunity in one of Phoenix’s most active infill markets.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
