BEDS22
BATHS
MLS#7098707
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLPhoenix Union High School District
Property Description
Adams Street Apartments is a 16-unit apartmentcommunity 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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Electric, Ceiling Fan(s)
Heating: Ceiling
Roof Type: Composition
Taxes: $4,960
Year Built: 1956
Feature Descriptions
Community Features: No Pool
Days on Site: 17
Exterior: Block, Painted
Parking: >1 Space Per Unit
Sewer: Public Sewer
Water: City Franchise
Local Schools
School District: Phoenix Union High School District
Listed By / Shown By
Listed By
Agency Name: Orion Investment Real Estate
Agency Phone: 480-634-6934
Shown By
Agency Title: Arizona Best Real Estate
Agency Phone: 480-948-4711
Estimate Your Payment
Estimated Payment
$ 6,077.11 per month $5,007.52 Principal & Interest $413.33 Property Tax $656.25 Homeowner's Insurance
1930-1938 E Adams Street | MLS# 7098707
This multi-family property located at 1930-1938 E Adams Street, Phoenix, AZ 85034 is currently listed for sale with an asking price of $2,250,000. 1930-1938 E Adams Street is located within the Phoenix Union High School District school district. Search Phoenix real estate on www.arizonabest.com today.