706 E Palm Ln., Phoenix, AZ 85006

Palm Lane Apartments sits in an extremely popular historic district of houses built around the turn of the century. This property was built at different times from 1925 to 1963, and the vintage charm it exhibits fits right into the neighborhood. The property has been updated over time, yet still maintains the mid-century charm that is becoming more and more popular. A buyer could add value through additional property upgrades as well as rent increases. This quaint property is very attractive to tenants who are looking for a small, neighborhood type setting with tons of character. Properties like this, in neighborhoods such as this, do not come on the market often. DISCLOSURE - Seller is in the process of doing a lot split. The vacant land to the west, along with the storage containers, is not included in the price, but the land is also available for sale. Seller intends to complete the lot split prior to a sale of the apartments. Seller is open to selling both the vacant land and the apartments to the same party. Palm Lane Apartments is a 12-unit apartment community located in the heart of the Coronado Historic District in Midtown Phoenix. The property is located just off of the popular 7th Street Corridor. This portion of 7th Street has been extremely popular for revitalization and adaptive re-use projects, with old buildings or historic houses being converted into vibrant, cool, hip restaurants and cafes such as The Coronado, America's Taco Shop, Humble Pie, The Main Ingredient Ale House, Green and Nami, all within walking distance. Palm Lane Apartments is also approximately 3/4 mile walk to two different light rail stops and less than a mile to both the Phoenix Art Museum and Burton Barr Library. It is minutes to the nearest freeway, approximately a mile and a half to the Phoenix Stadium District, and minutes to the Downtown ASU campus. This location is as central is it gets and allows residents to enjoy, with ease, so much of what Downtown and Midtown have to offer. With many dining, shopping, and entertainment options, as well as multiple freeway access points within minutes, Palm Lane Apartments is an extremely desirable location for residents and has consistently stayed fully occupied.