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.

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