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
- City
- Phoenix
- Bedrooms
- 22
- Bathrooms
- 16
- Year Built
- 1956
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.
/u.realgeeks.media/getmultifamily/header.png)
Additional Information
- Taxes
- $4,960
- Net Operating Income
- $149,743
- Cap Rate
- 6.66
- Units
- 16
- Parking Features
- >1 Space Per Unit
- Construction
- Block, Painted
- Roofing
- Composition
- Cooling
- Electric, Ceiling Fan(s)
- Heating
- Ceiling
- Zoning
- R-5
- Community Features
- No Pool
- Electric
- SRP
- Water
- City Franchise
- Sewer
- Public Sewer
- Tenant Pays
- Electricity
- New Financing
- Conventional, Cash
Courtesy of Orion Investment Real Estate. 480-634-6934
Copyright 2026 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.