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USAAZPhoenixEdison Midtown Condominiums3131 N Central Ave
3002 - 3131 N Central Ave, Condo with 2 bedrooms, 2 bathrooms and null parking in Phoenix AZ | Image 1
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$475,000

3002 - 3131 N Central Ave, Phoenix, AZ

Condo

For Sale

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220
  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential
Size 1109 sqft
Garage Yes
Maintenance Fees $533
Taxes $3,652
Days Active 26
Approx. Age 2018
Avg. Price Per Sqft $428
MLS® Number 6908700

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Welcome to Unit 3002 at Edison Midtown—a refined urban sanctuary that pairs elevated design with everyday functionality. Located on the third floor, this residence offers a spacious, light-filled layout anchored by quartz countertops, sleek cabinetry, and stainless steel appliances. The open-concept living space flows effortlessly into a private balcony, creating a seamless indoor-outdoor experience ideal for both quiet mornings and vibrant evenings. The bedroom is generously sized, and the spa-inspired bath adds a touch of luxury to daily routines. Residents enjoy access to resort-style amenities including a heated pool, fitness center, and secure parking. Unit 3002 includes two covered parking spots and a private storage room, ensuring convenience and peace of mind. This listing is part of a rare three-unit portfolio Units 3002, 3006, and 3009 each individually upgraded and move-in ready. Every unit includes two covered parking spaces and a dedicated storage room, streamlining operations for both personal use and investment strategy. For investors, the bundle offers strategic control in one of Phoenix's fastest-appreciating urban corridors, with short-term rental viability across all three units and operational efficiency baked into the location and layout. Shared vendor relationships, reduced overhead, and simplified management make this bundle a high-functioning asset with flexible exit optionsflip one, lease two, or hold all three. With a total of 3, 626 square feet and a list price of $1, 445, 000, the bundle offers a blended price of $398.38 per square foot. Buyers unlock 5-8% in instant equity compared to piecemeal acquisition, with ~$75K in value captured upfront. The portfolio averages $400.62/SF, well below the active market average of $434.67/SF and closed average of $452.27/SFpositioning you as the value leader. On a per-square-foot basis, you're acquiring at approximately 17-27% below market, creating a rare opportunity for both immediate cash flow and long-term appreciation. Midtown velocity continues to climb, and Edison units consistently trade above market due to their amenity-rich lifestyle and walkable location. Seller is offering exclusive terms for portfolio buyers, and with limited inventory at Edison, this configuration may not be replicable again. Whether you're building a short-term rental empire or anchoring a long-term equity play, this three-unit package delivers unmatched value, flexibility, and upside. ***See document tab for list of owners improvements ****Show Description
MLS® Number6908700
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageYes
Approx. Age2018
Stories7
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatElectric
A/CCentral Air
Heating Fuel

Extras

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