2505 E Monroe ST

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.

The property is situated in Central Phoenix, providing easy access to downtown, major freeways, and public transit, including the Valley Metro Rail. Nearby amenities include restaurants, shopping, schools, and healthcare facilities, while Phoenix Sky Harbor International Airport is just a few minutes away. The area benefits from strong rental demand due to its central location, making it an attractive and convenient setting for residents and a strategic location for investors.