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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 207
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Orpheum Lofts

Executive living at its finest! Incredible opportunity to own a piece of history in downtown Phoenix. This unit has tons of character with breathtaking views, corner unit, open split floor plan, only one of five units with direct courtyard access. Master bedroom has no neighbors above, 2nd largest unit in Orpheum lofts. Granite counter tops, stainless steel appliance, upgraded cabinetry, wood floors and carpet in the bedrooms. Along with this unit comes covered parking spot (Renaissance Parking Garage) and once the Hyatt is completed you will have free valet parking for 10 years(25K value). In addition, you have access to a community heated pool, spa, fitness center, conference room and security guard. A storage locker is also included in the sale. All right in the heart of Phoenix
$485,000
2 Bed 2 Bath 0 Garage
For Sale
Unit 508
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Orpheum Lofts

''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/Sauna/Steam room/guarded entry/near bus stop/near light rail stop
$489,000
2 Bed 2 Bath 0 Garage
For Sale
Unit 706
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Orpheum Lofts

This one bedroom, one bath suite at Orpheum Lofts is in a premium location on the 7th floor. Boasting beautiful city light views with minimum sun exposure. This spacious floor plan consists of 10' 8'' ceilings, wood floors, warm red brick exterior walls and exposed duct-work in an open floor plan. The building is constructed with concrete and brick. In addition to the abundance of storage within the residence, large 6' x 8' secured storage locker in basement. Built in 1931, formerly the Phoenix Title & Trust building, the building was recreated in Art Deco-styled residences. Amenities include: Secured Entrance, Elevators to all floors, Fitness Center, Pool w/wave machine, Sauna, Club Room, Conference/meeting room, Outdoor Courtyard with grills and seating.
$319,900
1 Bed 1 Bath 0 Garage
6 Month Sales History
$232,000 – $480,348
6 Month HOA History
$517 – $1,174
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