Address
314 W ROOSEVELT Street, Phoenix, AZ
Price
$ 3,095,000
Property Attributes
  • MLS#6669116
  • TypeMulti-Family
  • CountyMARICOPA
  • CityPhoenix
  • NeighborhoodKENILWORTH BLKS 7-14
  • Zip85003
  • StyleMultiple Dwellings
  • Year Built1924
  • Taxes$ 7883
  • Price$ 3,095,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Arizona Regional MLS (ARMLSN)
Property Description

314 W Roosevelt Street is incredibly charming, originally built in 1913 and undergoing a modernization in the late 90's that included all new plumbing/sewer lines, electrical (inc. in-unit sub panels), all new roof trusses, water heater and more. A/C units are being replaced as necessary with roof and exterior stucco replaced in 2011. It features (12) 1-Bed / 1-Bath units with (3) different floor plans averaging ~635 sf per unit. The community features an on-site laundry facility, plenty of parking, a community terrace and a variety of additional storage space. This is a rare opportunity that features a double lot, the property sits on half an acre and has the ability to build additional units. The interior finishes are in clean value-add condition. DO NOT DISTURB TENANTS, DRIVE BY ONLY!

Price History
2/27/2024 Listed $3,095,000

General Features

Additional Parcels Y/N No
Attached Garage No
Cap Rate 6.21
Carport Y/N No
City Phoenix
Community Features See Remarks, No Pool
Construction Materials Painted, Stucco, Brick, Frame - Wood
Cooling Central A/C, Individual, Electric
County Maricopa
Days on Market 53
Disclosures Other (See Remarks)
Electric APS, Individual Meter
Elementary School District Phoenix Elementary District
Garage Y/N No
Gross Income 244826.4
Heating Individual, Heat Pump
High School District Phoenix Union High School District
Lease Considered Y/N No
Lease Renewal Y/N No
Lot Size Square Feet 0.0
Mobilehomeremainsyn No
Net Operating Income 192144.0
New_sp_Financing_co_Conventional5 True
Open Parking Spaces 16.0
Operating Expense 7883.0
Ownerpays Trash Collection, Water, Sewer
Ownership Fee Simple
Percent Ownership Fee Simple
Property Type Multiple Dwellings
Rent Control Y/N No
Roof Composition, Foam
Senior Community No
Sewer Public Sewer
Standard Status Active
Status Active
Street Name ROOSEVELT
Subdivision Name KENILWORTH BLKS 7-14
Tax Annual Amount 7883.0
Tax Lot 7
Tax Year 2023
Tenant Pays Electricity
Total Units 12
Township 1N
View Y/N No
Year Built 1924
Zoning DTC-S-ROO

Interior Features

Air Conditioning Y/N Yes
Electric On Property Y/N No
Flooring Vinyl, Wood
Heating Y/N Yes
Street Suffix Street

Exterior Features

@odata.id https://replication.sparkapi.com/Version/2/Reso/OData/Property('20240226203156775760000000')
Covered Spaces 0.0
Crops Included Y/N No
Irrigation Water Rights Y/N No
Lot Dimensions 146ft X 149ft
Lot Size Acres 0.0
Lot Size Area 0.0
Number of Buildings 1
Open Parking Y/N No
Parking Features Paved Parking, >1 Space Per Unit
Road Surface Type Asphalt, Alley
Spa No
Total Parking 16.0
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 Multi-Family Average in 85003

Price
AVG $2.09M
$3.1M
Taxes
AVG $4,852
$7,883
Visits
AVG 62
98
Data Provided by Inside Real Estate®
Year Built
AVG 1971
1924

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