130 S Main Street, Phoenix, OR 97535
Listing Courtesy of Millen Property Group. 541-301-3435
- $1,695,000
- List Price
- $1,695,000
Property Description
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 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.
Mortgage Calculator
The content relating to real estate for sale on this website comes in part form the MLS of Central Oregon. Real Estate listings held by Brokerages other than Real Estate Company are marked with the Reciprocity/IDX logo, and detailed information about these properties includes the name of the listing Brokerage. © MLS of Central Oregon (MLSCO). This content was last updated on . Some properties which appear for sale on this website may subsequently have sole or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified. All content displayed on this website is restricted to personal, non-commercial use, and only for ascertaining information regarding real property for sale. The consumer will not copy, retransmit not redistribute any of the content from this website. The consumer is reminded that all listing content provided by automatic transmission by MLSCO is © MLS of Central Oregon (MLSCO).