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… Read More 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. Read Less
Courtesy of Orion Investment Real Estate 480-634-6934
Listing Snapshot
Days Online
1
Last Updated
Beds
22
Year Built
1956
MLS Number
7098707
Additional Details
Property Access
Road Surface: Asphalt
Appliances & Equipment
Built-In Range, W/D Hookup
Building
Built in 1956, 3 buildings, Construction Materials: Painted, Block
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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