Skip To Content

15 E Oregon Avenue

Phoenix, AZ 85012
  • $795,000
  • STATUS: Active
  • ON SITE: 37 Days
  • MLS #: 6452949
UPDATED: 10 min ago
$795,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1948
County:
Area:

School Information

Elementary School:
Middle School:
High School:

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.

Monthly Payment Calculator



Arizona Regional MLS logo© 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Elite Home Advisors | Keller Williams Realty Phoenix. Data last updated 2022-09-27T11:17:58.533.
www.yournextphoenixhome.com/homes/132333916
Print Image

15 E Oregon Avenue Phoenix, AZ 85012

  • Price: $795,000
  • Status: Active
  • On Site: 37 Days
  • Updated: 10 min ago
  • MLS #: 6452949
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1948
Built
Neighborhood:
Windsor Square Historic District
County:
Maricopa
Area:
Phoenix
Elementary School:
Madison Richard Simis School
Middle School:
Madison Meadows School
High School:
Central High School
School District:
038 - Madison Elementary District
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.
Exterior Features

Construction Block Construction Finish Brick Trim/Veneer Covered Parking Spaces 2.00 Exterior Amenities FencedLandscape Wtr SystemPatio/Balcony Lot Size Dimensions 79' X 113' Parking 1 Space/UnitCarport Roads Asphalt Roofing Comp Shingle

Interior Features

1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 942 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included DishwasherDisposalF/S Oven/RangeMicrowaveRefrigeratorW/D HookupWasher/Dryer Cooling Electric Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Ceramic TileConcrete Heating Natural Gas Interior Amenities Fire/Smoke Alarm(S)Mini BlindsUnfurnished

Property Features

1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 1575.00 2 Bedroom Units 2 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 47310.00 Annual Ins Exp 660.00 Annual Landscape Exp 950.00 Annual Legal And Acctg 100.00 Annual Maint Exp 1950.00 Annual Mgmt Exp 2367.00 Annual Ownr Asoc Fee 0.00 Annual Rplcmnt Rsrvs 400.00 Annual Wtr Swr Exp 500.00 Community Amenities No Pool Cross Street Camelback Rd & Central Ave Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric ApsIndividual Meter Gas Individual MeterSw Gas Gross Annual Sch Inc 49200.00 Hoa YN No Net Operating Income 37398.00 New Financing 1031 ExchangeConventionalFhaNo Carry Operating Exp 10721.00 Other Income 600.00 Owner Pays Landscaping Project Type Duplex Sale Includes Land & Building Sewer Sewer - PublicSewer-In & Connected Source Of Financial Data Projected ProformaProvided By Owner Special Owner/Agent Tax Municipality Phoenix Taxes 3794.00 Tenant Pays Cable TvElectricGasSewerTrashWater Vacancy Allowance 0.05 Water City FranchiseIndividual MeterMaster Meter Zoning R-3

Arizona Regional MLS logo Listing provided by Urban Luxe Real Estate: [IDXCONTACTINFORMATION] .


Arizona Regional MLS logo© 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Elite Home Advisors | Keller Williams Realty Phoenix. Data last updated 2022-09-27T11:17:58.533.
 
https://bt-photos.global.ssl.fastly.net/armls/1280_boomver_1_6452949-2.jpg https://bt-photos.global.ssl.fastly.net/armls/1280_boomver_1_6452949-2.jpg https://bt-photos.global.ssl.fastly.net/armls/1280_boomver_1_6452949-2.jpg
Logo
Elite Home Advisors | Keller Williams Realty Phoenix
4862 E Baseline Rd
Mesa AZ, 85206