Phoenix Lofts

Bank owned Condos making Downtown Phoenix affordable

During the crazy days of 30 and 40 % annual appreciation in our local Real Estate market, just a few years ago, living in a Downtown Phoenix condo or loft was reserved primarily for the wealthy who were buying units as second homes, with a few owner occupants who worked downtown and a few empty nesters mixed in to the equation.  

For those individuals who currently work downtown and are still interested in walking or biking to work, Condo living has actually now become affordable due to the beating that local real estate values have taken in the last few years.

As an example, Lender owned loft units at the Orpheum Lofts are currently being offered at the $100,000 price point.  With a 20% down payment and even with the steep HOA Dues there, an owner occupant could be looking at a total monthly outlay for housing of under $1200.  For many professionals working in Downtown Phoenix, that is affordable.

 

Other downtown complexes such as the Summit at Copper Square, Stadium Lofts and Artisan Parkview are presenting the same kind of affordable, lender owned purchase opportunities.

 

To find out more about current properties on the market in Downtown Phoenix, contact Lyle Plocher at lyle@urbanconnectionrealty.com or 602 373 3725

Reduced prices at Portland 38

If you are in the market for an urban, loft style condo in the Downtown Phoenix area and have not checked out Portland 38, you may want to take a peek.  The complex, which was designed by local Architect, Michael Underhill, offers some sleek design features including sand-blasted interior block walls, polished concrete floors, Miele stainless appliances, CeasarStone counters, 2′ tile baths, designer lighting, Kohler ‘Stillness’ fixtures, and Western windows.

Each unit at Portland 38 has a private, gated carport, which is rare for a complex of this size.

Common area features include a large play pool with tile accent walls, communal dining/BBQ area, and reflection garden.

There are several different floor plans and some of the best locations in the complex are still available.  The reduced prices start at $164,900.

 

 

 

 

 

For additional information or to arrange a personal viewing, contact Lyle Plocher with Urban Connection Realty at 602 373 3725 or lyle@urbanconnectionrealty.com

Listing is courtesy of City Center Realty

Live in Arizona's tallest residential building

Does high-rise living interest you, but you thought you couldn’t afford the mortgage plus HOA?  If you’re interested in renting in Downtown Phoenix, there are actually a limited number of condos for rent at 44 Monroe, our tallest residential tower.  Amenities include indoor/outdoor pool, spa cantilevering into the skyline, state of the art fitness center & conference room. Enjoy the community entertainment lounge, play pool, watch the game, enjoy wine & food in a relaxing intimate setting or step outdoors on the terrace and enjoy the views and fresh air.

With rents starting at just under $1400 a month for a 1 bedroom, 1 1/2 bath luxury condo, you would be able to walk to everything downtown.

For more information or to arrange a personal viewing of available units at 44 Monroe, contact Lyle Plocher at 602 373 3725 or lyle@urbanconnectionrealty.com

Live-work modern condo at PRD 845

This 1800 + three level, loft like unit has great live-work potential with ground floor space that features concrete floors, powder room and separate entry.  Large great room and slick modern kitchen on 2nd level, master bedroom on the 3rd level.  Great mountain and city views from great room, master and balconies.  Private attached garage.  Intimate 12 unit condo community with green features, built in 2007.  Walk to Cibo’s, Margaret T Hance Park, Japanese Friendship Garden, Dodge Theatre and Grand Ave galleries, bars and cafes.

This property is priced at half of what it last sold for.

Asking $200,000 subject to short sale approval.

For more information about this unit or to arrange a personal viewing, contact Lyle Plocher at 602 373 3725 or lyle@urbanconnectionrealty.com

Listing is courtesy of Power Realty Services

Lender owned unit at Orpheum – only 3% down required

This 7th floor loft unit at the Orpheum in Downtown Phoenix, is just new to the market.  This is a 1 bedroom, 1 bath corner unit with interior features that include exposed brick walls and exposed a/c ducting and concrete ceilings.  The Orpheum Lofts were converted to residential units in 2005, originally the Phoenix Title & Trust building, dating to 1935.  The renovation included a brilliant art-deco lobby. 

This unit is Lender owned with special 3% down financing.

Asking Price is $122,400

For more details or to arrange a private viewing, contact Lyle Plocher at 602 373 3725 or lyle@urbanconnectionrealty.com

Listing is courtesy of Re/Max Professionals

Bank owned unit at the Stadium Lofts

With the Light Rail now in full operation and real estate prices as low as they are, this is a perfect opportunity to move in to Downtown Phoenix.  The Stadium Lofts are located within a 5 minute walk to US Airways Center, Chase Field, the Light Rail.  Walk to many restaurants, theatres and every thing else that Downtown is beginning to offer.

The currently available unit features a private corner balcony. Spacious layout with high ceilings. Contemporary lighting & duct work. Chefs kitchen.  1300 + sq ft of living space

Priced at $209,900 – This same loft sold for $395,000 in July of 2005.

For more information about this loft or any Downwtown Phoenix bank owned properties, contact Lyle Plocher with Urban Connection Realty at               602 373 3725        or lyle@urbanconnectionrealty.com

Listing is courtesy of Presidential Realty, LLC