Address
2316 E ROOSEVELT Street, Phoenix, AZ
Price
$ 2,200,000
Property Attributes
- ID#6599818
- TypePending
- CountyMARICOPA
- CityPhoenix
- NeighborhoodThe Franklin
- Zip85006
- StyleMultiple Dwellings
- Year Built1949
- Taxes$ 3266
- Price$ 2,200,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
Data Source:
Arizona Regional MLS (ARMLSN)
Property Description
Great Opportunity To Purchase This 14 Unit Apartment Community Consisting of 10 Two Bedroom One Bath Units and 4 One Bedroom One Bath Units Located Just East of Downtown Phoenix. Updates Include Newer Roofs, Windows, Evap Coolers, Mini-Splits, Flooring, Interior Paint & Some Replaced Cabinets In A Few of The Units. Property Is Comprised of 8 Buildings & Situated on 2 Parcels of Land Totaling Over 1 Acre. All Units Have Their Own Electric Meters. Located At 24th Street & Roosevelt This Property Is Conveniently Located Near Several Major Employers, Major Freeways & Sky Harbor Airport.
| Price History | |
|---|---|
| 9/1/2023 | Listed $2,240,000 |
| 9/21/2023 | 2% - $2,200,000 |
General Features
| Additional Parcels Y/N | Yes |
|---|---|
| Attached Garage | No |
| Cap Rate | 5.27 |
| Carport Y/N | No |
| City | Phoenix |
| Community Features | No Pool |
| Construction Materials | Stucco, Block |
| Cooling | Individual, Evaporative Cooling, Wall/Window Unit(s), Ceiling Fan(s) |
| County | Maricopa |
| Days on Market | 40 |
| Directions | Use GPS |
| Disclosures | None |
| Electric | APS, Individual Meter |
| Electric Expense | 550.0 |
| Elementary School District | Creighton Elementary District |
| Fuel Expense | 1100.0 |
| Garage Y/N | No |
| Gross Income | 155800.0 |
| Heating | Individual |
| High School District | Phoenix Union High School District |
| Insurance Expense | 3000.0 |
| Lease Considered Y/N | No |
| Lease Renewal Y/N | No |
| Lot Size Square Feet | 0.0 |
| Maintenanceexpense | 6000.0 |
| Mobilehomeremainsyn | No |
| Net Operating Income | 118100.0 |
| New Financing | https://replication.sparkapi.com/Version/2/Reso/OData/Property('20230617001822485313000000') |
| New_sp_Financing_co_Conventional5 | True |
| Occupancy Description | Tenant |
| Open Parking Spaces | 32.0 |
| Operating Expense | 46181.0 |
| Ownerpays | Trash Collection, Water, Sewer, Landscaping |
| Ownership | Fee Simple |
| Percent Ownership | Fee Simple |
| Property Type | Multiple Dwellings |
| Rent Control Y/N | No |
| Roof | Composition |
| Senior Community | None |
| Sewer | Sewer-In & Connected, Public Sewer |
| Standard Status | Pending |
| Status | Pending |
| Street Name | ROOSEVELT |
| Subdivision Name | The Franklin |
| Tax Annual Amount | 3266.0 |
| Tax Lot | . |
| Tax Year | 2023 |
| Tenant Pays | Gas, Electricity |
| Total Units | 14 |
| Township | 1N |
| Trash Expense | 5000.0 |
| View Y/N | No |
| Water Sewer Expense | 5730.0 |
| Year Built | 1949 |
| Zoning | R-5 & C-1 |
Interior Features
| Air Conditioning Y/N | Yes |
|---|---|
| Electric On Property Y/N | No |
| Heating Y/N | Yes |
| Street Suffix | Street |
Exterior Features
| Covered Spaces | 0.0 |
|---|---|
| Crops Included Y/N | No |
| Irrigation Water Rights Y/N | No |
| Lot Dimensions | 297x155 |
| Lot Size Acres | 0.0 |
| Lot Size Area | 0.0 |
| Number of Buildings | 8 |
| Open Parking Y/N | No |
| Road Surface Type | Asphalt |
| Spa | No |
| Total Parking | 32.0 |
| Water Source | City Franchise, Master Meter |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Pending Average in 85006
Price
Taxes
Visits
Year Built
Walkscore
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