1505 E Oak St, Phoenix, AZ 85006

15 on Oak consists of 5 Individually Parceled Single Story Triplex Buildings which create a 15 Unit Garden-Style Community Located in a Central Phoenix Mostly Single Family Neighborhood. This property was Renovated and Repositioned in 2015. At that time the property received Several New AC Units, New Roofs, Many New Windows, Several New Hot Water Tanks and even New Exterior Stucco. The buildings are Individually Metered for electricity. The Unit Mix is comprised of All Large Two-Bedroom/One-Bath floor plans that are Spacious, Well Designed and Average 800 Square Feet. Each unit offers Ceramic Tile Flooring throughout. Building 1505 Contains the Leased Laundry Equipment, which provides additional income averaging $400 per month. Click on the link for more information. There are Multiple Storage Units and 2 Parking Spaces per Unit, plus Additional on Street Parking. The Courtyard Areas are great for Bbq's, Children and Pets. Located close to Schools, Downtown, Hwy 51 and the I-10 freeway and Positioned in the Path of Strong Employment Sectors with Substantial Economic Growth which supports Higher Rents and Strong Growth in Property Values! Currently 100% Occupied with a Waiting List. Very Low Turnover with an actual vacancy rate near 0% Rents average $575 per unit per month and the area supports $700 for Large 2 Bedroom Floorplans allowing Substantial Upside for the New Owner! Pride of Ownership is distinct when viewing the property. **Separate Addresses ** Allows for Residential Financing (1501,1505,1509,1521,1527)