Property Highlights – 16-unit garden apartment community on 1.18 acres in downtown Phoenix – Eight single-story duplex buildings, constructed 1962–1965 by the Skjaerlund family – Listed on the Oregon Historic Sites database – Eight 1‑bedroom and eight 2‑bedroom units – Common landscaped areas with mulberry and other fruit trees, gardens, gazebo, patio and lawn space – Original varnished birch cabinetry; upgraded countertops and flooring – Ductless heat pumps; 12 units have A/C – Recent capital improvements: new water and sewer mains, PEX repiping, crawlspace insulation, remodeled bathrooms, updated electrical panels, new roofing and gutters, and a rebuilt laundry room – Parking: 20 carport spaces (each with locked storage) plus 10 open spaces – Zoning: C‑C (City Center) — no maximum density or lot coverage – 50 feet to the bus line; 300 feet to the Bear Creek Greenway – Current rents include legacy rents below market; two units recently leased at $1,200 and $1,400