Price Reduction
Address
2316 E ROOSEVELT Street, Phoenix, AZ
Price
$ 2,200,000
Property Attributes
- MLS#6599818
- TypeContingent
- 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 | 20 |
| 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_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 |
| Property Type | Multiple Dwellings |
| Rent Control Y/N | No |
| Roof | Composition |
| Sewer | Sewer-In & Connected, Public Sewer |
| Standard Status | Active Under Contract |
| Status | UCB (Under Contract-Backups) |
| 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
| Buyer Agent Compensation | 2.00 |
|---|---|
| Buyer Agent Compensation Type | % |
| 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 Contingent Average in 85006
Price
Taxes
Visits
Year Built
© 2023 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Information deemed to be reliable but not guaranteed. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Only IDX residential listings are displayed on this site. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose
