$1,695,000
Phoenix Village Apartments - A rare hidden treasure, this 16-unit garden apartment community with landscaped commons including Mulberry & fruit trees, gardens, gazebo, patio & lawn areas is in the heart of walkable downtown Phoenix. Eight single-story duplexes on 1.18 acres, built in 1962-65 by the Skjaerlund family & listed on the Oregon Historic Sites database. Eight 1BR & eight 2BR units feature original varnished birch cabinetry, upgraded counters & flooring, and ductless heat pumps with A/C in twelve units. Exceptional capital investment: new water & sewer mains, PEX repiping, crawlspace insulation, remodeled baths, electrical panels, roofing, gutters & a rebuilt laundry room. 20 carport spaces each with locked storage plus 10 open spaces. C-C City Center zoning with no maximum density or lot coverage. 50 feet to the bus line, 300 feet to the Bear Creek Greenway. Legacy rents sit far below market & two units just leased at $1,200-$1,400 - stability today, real upside tomorrow.
24
Beds
⋅
9
Baths
⋅
128199185
MLS
130 S MAIN ST, Phoenix
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The data relating to real estate for sale on this web site comes in part from the Internet Data Display (IDX) of the Southern Oregon Multiple Listing Service. Real estate listings held by brokerage firms other than our company are marked with the IDX logo and detailed information about them includes the name of the listing brokers. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information subject to change and should be independently verified. Listing content is copyright © 2018 SOMLS, Medford, Oregon. Last updated: