Phoenix, AZ 85012,15 E Oregon Avenue
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Phoenix, AZ 85012,15 E Oregon Avenue
Phoenix, AZ 85012,15 E Oregon Avenue
Phoenix, AZ 85012,15 E Oregon Avenue
Phoenix, AZ 85012,15 E Oregon Avenue

$745,000

Est. payment /mo

$795,000

6.3%
Est.Price: ?

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15 E Oregon Avenue Phoenix, AZ 85012

SOLD DATE : 10/30/2022

Key Details

Sold Price $745,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Windsor Square Historic District

MLS Listing ID 6452949

Sold Date 10/30/22

Maintenance Fees $1,950

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 1948

Annual Tax Amount $3,794

Tax Year 2021

Lot Dimensions 79' x 113'

Property Description

Central Market Duplex is a mid century 2 unit property with a prime location in the highly sought after Windsor Square Historic District of Uptown / North Central Phoenix, just a 10 minute drive from Downtown Phoenix. It is situated right off Central Avenue, steps from the countless shopping and dining options at the intersection of Central Avenue and Camelback Road
- which was recognized as the Metro Phoenix's ''Hottest Intersection'' by the Urban Land Institute in 2017. The location rates high on walkability and public transportation thanks to a Valley Metro Light Rail station a 1/3 of a mile to the south of the property. 15 E Oregon Ave features red brick masonry exteriors full of character, two units with 2 bedrooms 1 bathroom plans at 942 square feet each, as well as spacious private backyards giving the property more of a single family detached feel for residents. Current rents are well below market with significant upside possible upon lease renewals or with turnover of new tenants.

The property has been partially updated with one of the units showcasing stained concrete floors, a modern white kitchen with white appliances, subway tile backsplash and quartz countertops, bathroom updates with newer vanity and shower surround subway tile, and a new AC unit in 2020. The second unit is in a classic condition (with exception of the bathroom which was updated recently with a new vanity and fixtures) allowing for a new owner to capture more value upside in the property through more extensive updates to the interiors, as well as exterior enhancements to the property and private backyards.

It's prime location so close to many attractive hospitality options, and even adjacent to neighborhood restaurant Windsor + Churn, make it an appealing candidate for the short term vacation rental market targeting guests who are looking for a vibrant, walkable destination with abundant food and beverage options when visiting in the Phoenixarea.

Location

State AZ

County Maricopa

Community Windsor Square Historic District

Zoning R-3

Direction Head north along Central Ave, turn east on Oregon Ave. Property first residential lot on south.

Interior

Heating Natural Gas

Cooling Electric

Flooring Ceramic Tile, Concrete

Appliance F/S Oven/Range, Microwave, Washer/Dryer, W/D Hookup

Exterior

Garage 1 Space/Unit, Common

Community Features No Pool

Waterfront No

Roof Type Composition

Total Parking Spaces 4

Building

Sewer Sewer-In & Connected, Public Sewer

Water City Franchise, Master Meter, Individual Meter

New Construction No

Schools

Elementary Schools Madison Richard Simis School

Middle Schools Madison Meadows School

High Schools Central High School

School District Phoenix Union High School District

Others

Senior Community No

Tax ID 162-22-039-A

Acceptable Financing No Carry, Conventional, 1031 Exchange, FHA

Listing Terms No Carry, Conventional, 1031 Exchange, FHA

Financing Conventional

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Arizona Regional MLS (ARMLS)
Listed by Urban Luxe Real Estate
Bought with AXIS Real Estate

Erin Maiorano

Agent | BRSA6492007000

+1(602) 920-7841

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