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541.292.4444
Real Estate Company
1930-1938 E Adams Street, Phoenix, AZ 85034
- $2,250,000
- 22
- BD
- 16
- BA
- List Price
- $2,250,000
- Status
- ACTIVE
- Days on Market
- 0
- MLS#
- 7098707
- Subtype
- Multiple Dwellings
- Year Built
- 1956
- Bedrooms
- 22
- Bathrooms
- 16
Property Description
Adams Street Apartments is a 16-unit apartment community offering immediate value-add potential. Originally configured as 17 units, the property includes a storage room that could be converted back into a studio unit, creating an opportunity for additional rental income. Owned and operated by the same ownership since 2012, the property has benefited from consistent capital improvements, including new roofs, ongoing electrical panel replacements and extensive plumbing updates. Units have also been renovated incrementally as they become vacant. With a majority of long-term tenants paying below-market rents, the property offers investors multiple opportunities to increase income through continued renovations, loss to lease recovery and the restoration of the 17th unit.
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Additional Information
- Taxes
- $4,960
- Zoning
- R-5
- Appliances
- Built-In Range, W/D Hookup
- Heating
- Ceiling
- Air Conditioning
- Electric, Ceiling Fan(s)
- Exterior Construction
- Block, Painted
- Parking Features
- >1 Space Per Unit
Courtesy of Orion Investment Real Estate. 480-634-6934
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