Sold
15 E Oregon Avenue
Phoenix AZ, 85012
$745,000
Sold
Other
Built in 1948
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.
6452949
MLSⓇ ID
August 20, 2022
Listed
March 20, 2024
Updated
Map
15 E Oregon Avenue
Phoenix AZ, 85012
Interior Features
Floor Description
Ceramic Tile, Concrete
Fireplace
No
Cooling
Yes
Cooling Description
Electric
Heating
Yes
Heating Description
Natural Gas
Exterior/Building Features
Roof
Composition
Sewer
Sewer-In Connected, Public Sewer
School Information
School District
Madison Elementary District
High School
Central High School
Elementary School
Madison Richard Simis School
Other Property Details
Taxes
$3,794
Tax Frequency
Annually
Days on Market
72
Garage
No
Parking
1 Space/Unit, Common
Parking Total
4
View
No
County
Maricopa
Water Source
City Franchise, Master Meter, Individual Meter
Pool
No
Zoning
R-3
Buyer Agency Compensation
2.5%
Listing History
Date | Event | Price |
---|---|---|
8/12/2023 | Sold | $745,000 |
Courtesy of Urban Luxe Real Estate, Shawn Beaird
Listing Contact: 602-793-2753
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor ROCO Luxury Homes shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data Last Updated: 10:41 PM UTC, 3/20/2024.