2323 N CENTRAL Avenue 205, Phoenix, AZ 85004, Phoenix, 85004 - 2 bed, 2 bath
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Phoenix, AZ 85004
This Mid-Century Modern Turn-Key Condo is a High-Potential Investment Opportunity, listed at $298,000—positioned well below the $334,521 Fair Market Value by 10%. This valuation gap secures $36,521 in Instant Equity for the buyer. Boasting a Condition Rating of 3, the interior features engineered wood flooring, stainless steel appliances, and mountain views. The building’s historic designation provides significant property tax reductions, while the fully furnished status supports immediate mid-term rental income. This asset is an ideal acquisition for Buy-and-Hold Investors or Urban Professionals.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2323 N CENTRAL Avenue 205 Subject | $298,000* List Price | 2 | 2 | 1,398 | $239 | - |
A 2323 N CENTRAL Avenue 1103 Sold | $329,900 List Price | 2 | 2 | 1,456 | 0.0 mi | |
B 2302 N CENTRAL Avenue 311 Sold | $330,000 | 2 | 2 | 1,243 | $265 | 0.1 mi |
C 2323 N CENTRAL Avenue 203 Active | $280,000 List Price | 2 | 2 | 1,456 | $192 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and presented as a turn-key investment. It features significant updates including newer engineered wood flooring, a modern kitchen backsplash, and stainless steel appliances. While some elements like the popcorn ceilings and bathroom vanities/tile-work are dated, the overall maintenance is high, and the unit requires no immediate renovations for occupancy.
Offered fully furnished with a 30-day minimum rental policy, this property is perfectly positioned for immediate use as a high-performing mid-term or corporate rental.
The building's historic designation makes the property eligible for significantly reduced property taxes, providing a unique financial advantage and long-term savings.
Residents benefit from 24/7 onsite staff and resort-style amenities, including a fitness center and pool, with the HOA fee conveniently covering HVAC water and more.
The association fee of $1,498 per month is quite high relative to the listing price, which may impact the overall affordability and cash flow for some buyers.
The local public schools are rated 3/10, which could be a drawback for families or investors focusing on long-term resale value to a broader demographic.
FULLY FURNISHED TURN-KEY CONDO AT POPULAR REGENCY! 30-day minimum rentals allowed. Ideal for a lock-and-leave second home or a high-performing mid-term rental. Welcome to effortless living in the heart of Phoenix's vibrant Historic Arts District. This Mid-Century Modern condo is offered fully furnished, delivering a true turn-key experience for both end users and investors alike. Thoughtfully designed with clean lines, curated furnishings, and a warm, mid-century modern aesthetic, the space is move-in ready from day one. Perfectly positioned for Traveling Nurse Housing or a Corporate Rental, this property offers flexibility, style, and convenience in one of the city's most sought-after urban locations. Enjoy close proximity to top restaurants, galleries, entertainment venues, medical & business hubs. 24/7 onsite staff provide exceptional service & security, w/ resort-style amenities including a pool, outdoor living spaces, a stylish common room, and a well-equipped fitness center. Located on the 2nd floor, this unit offers easy stair access in addition to two elevators for added convenience. The home features newer engineered wood flooring, indoor laundry, and a modern tile backsplash. Both bedrooms are generously sized with great storage throughout. HOA covers HVAC water & more. Situated in a historically designated building, making it eligible for reduced property taxes. Priced below recent comps, this one will not be on the market long! --
No exterior & parking available.
Grades PK-8 • 0.7 mi
Grades 9-12 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,398 | 1,405 | 47% |
| Lot Size | 1,326 | 1,160 | 53% |
| Price | $298.0K | $320.0K | 47% |
| Price per sq ft | $213 | $286 | 47% |
| Built year | 1964 | 2007 | 26% |
| HOA | $1498 | $728 | 95% |
| Days on market | 34 | 1400 | 5% |
Mar 19, 2026
$298,000
Initial Listing