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480-510-8755

Orpheum Lofts

114 W Adams Street in Phoenix

Will Daly
480-510-8755
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Year Built:
2005
Architecture:
Historic High Rise
Bedrooms:
1-3
Parking:
Limited
HOA Fees:
.60 +/- sqft/mo
Additional Features:
pool, fitness center, lounge, BBQ

Orpheum Lofts has sooooo many great things going for it.

If you are an Art Deco fan you have to check out the beautiful lobby with it's decorative black marble walls, black and white tile floors, brass elevator doors, brass fixtures, custom made glass tile, etched glass and a fabulous marble staircase. The elevator doors alone are worth a special visit! The condominiums have exposed red brick walls, exposed ductwork, the original glass in the original windows (check out the wavy glass and brass handles). The pool, believe it or not, is in the basement along with the fitness and business centers.

Orpheum Loft parking is next door and is a real source of contention. Call us for details.

The eleven story Orpheum Lofts was built in 1931 for office space and was called the Phoenix Title and Trust building. At the time it was the largest office building in Arizona. I would imagine it was a highly appreciated in it's day but eventually suffered an ignoble existence for decades as a low rent building. Fortunately in 2004 Orpheum Lofts enjoyed a complete restoration, was converted to high rise residential condominiums, and delivered to the happy owners in 2005. Unfortunately, approximately 30-50% of the Orpheum Loft buyers were investors hoping to profit from a quick flip. So, almost immediately 25 to 30% of the condos were put right back on the market after the condo owners took possession.

Recently 20% of the total condos in the building were on the market for sale or lease. Buildings with a more "normal" investor ratio should see about 10% of the total units on the market at any given time. As a result of the high investor participation, prices have remained pretty flat since 2005.

However, with everything going on in Downtown Phoenix there is still an opportunity for appreciation in the building...once the parking gets resolved.

But for now, with so many condominiums on the market this is a great building in which to rent.

Hooray! Here are active listings

For Sale
Unit 508
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Orpheum Lofts

SELLER OFFERING one year of FREE PARKING and 3 MONTHS of PAID HOA!''Manhattan'' style loft in the the heart of Phoenix! This 1930's historic building boasts city views at the historic Art Deco styled Orpheum Lofts in Downtown Phoenix. Spacious 2 bedroom and 2 bathroom loft, with original brick accent walls, completely renovated, custom built french sliding doors to the master and guest bedrooms, newer hardwood floors throughout, S/S appliances, farmhouse sink, Carrera marble counters in kitchen and master bath, exposed ceiling directional lighting, remote shades & high end finishes. GREAT VIEWS to the S and N. Corner Unit. Monthly parking available nearby. There are also lots of amenities within the building, including: Clubhouse/Recreation Room/Community heated pool /community spa heated
$474,000
2 Bed 2 Bath 0 Garage
For Rent
Unit 408
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Orpheum Lofts

Gorgeous stunning Loft in downtown Orpheum Building 1931 Art Deco Style building. 2 Bedroom, 2 bathroom 4th floor unit. Building has on-site Guard/Concierge, Storage in the basement, In-door jetted lap pool, sauna and spa, pool, fitness room, game room/community area/kitchen, conference room, 2nd floor out-door patio and all in the heart of downtown just steps away from theater, light rail, museums, sports/entertainment venues and restaurants. Large over-sized windows with high ceilings allow for a light bright unit with Bamboo floors, granite counters, custom closets, stackable washer and dryer in unit. Wireless Internet Included. 1 small dog allowed under 40 lbs with deposit. Come, You will fall in love with this building, it is gorgeous!!! PARKING SPOT INCLUDED, $135 MTHLY VALUE!
$2,799/mo
2 Bed 2 Bath 0 Garage
6 Month Sales History
$266,800 – $480,348
6 Month HOA History
$517 – $1,174
Walkability Rating

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