130 S Main Street, Phoenix, OR 97535
sale
$1,695,000
|
Other
Courtesy Of Millen Property Group
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.
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Property Features
- Age: Over 50 Years Old
- Amenities: Porch
- Amenities: Ceiling Fan
- Amenities: Double pane windows
- Building Units: 16
- Exterior Type: Frame
- Floor Covering: Laminate
- Floor Covering: Carpet
- Floors: 1
- Heating System: Heat Pump (Heating)
- Heating System: Ductless (Heating)
- Heating System: Wall Furnace
- MLSID: 220226730
- Roof Type: Composition
- View Type: Territorial
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