1208 S ROOSEVELT Street REAR, Tempe, AZ 85281

$550,000

Property Type: Multiple Dwellings Bedrooms: 7 Baths: 3 Status: Closed

Current Price: $550,000 Last Modified: 5/04/2026

Overview

Description

Welcome to College Homes on Roosevelt. These homes are walking distant to Mill and ASU campus! Property is in a nice residential neighborhood. The main house has 4 bedroom 2 bath home about 1423 square feet. The second home is a 3 bedroom 1 bath about 744 square feet. Brand new roof, paint, carpet, and wood floors. Brand new doors and some new windows. Kitchens have been updated. Both homes have washer and dryers and it is fully occupied. Currently rented for $3,200.00 to one tenant. Separately metered for electric, and gas. One meter for water and trash. Current tenant pays for all utilities including and landscaping plus rental tax. 6% cap on current numbers. All facts and figures are approximate buyer verify MLS information. Please drive by only tenants are unaware of the sale.

Listing Details MLS# 6165775

Location, Tax & Legal

Map Code/Grid: R36
House Number: 1208
Compass: S
Street Name: ROOSEVELT
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 5474
Country: US
County Code: Maricopa
Subdivision: STATE COLLEGE HOMES LOTS 33-40
Assessor Number: 124-70-133
Tax Year: 2020

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 7875
Year Built: 1950
Uncvrd Parking Spcs: 3
Total # of Units: 2
# of Buildings: 2
Zoning: R-2
Elementary School District: Tempe Elementary School District

Remarks Misc

Cross Street: Mill Ave & University dr
Directions: Head south on Mill Ave to 13th ST, go west on 13th ST for approximately half a mile until you hit S Roosevelt ST, turn north on s Roosevelt ST and house will be the 7th house on the west side

Status Change Info

Off Market Date: 2021-01-29
Under Contract Date: 2020-12-18
Close of Escrow Date: 2021-01-29

Legal Info

Township: 1N
Range: 4E
Section: 21
Lot Number: 34

More Information

3 Bedrooms Units

# 3 Bedroom Units: Yes
Avg Rent: 1500
Avg SqFt: 744
# Baths: Yes

4 Bedrooms Units

# 4 Bedroom Units: Yes
Avg Rent: 1700
Avg SqFt: 1423
# Baths: 2

Structure

Bedrooms Total: 7
Bathrooms Total: 3

Income Expenses

Gross Annual Sch Inc: 38400
Net Operating Income: 33383

Sold Info

Loan Type: Cash
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $

Property Features

Project Type: Duplex Other Type: House + Rental Units Construction: Block Const - Finish: Painted Roofing: Composition Floors: Wood; Ceramic Tile; Carpet Sale Includes: Building(s) Only Community Features: No Pool Exterior Amenities: Fenced Interior Features: Other (See Remarks) Appliances Included: Refrigerator; Dishwasher; Disposal; Washer/Dryer Heating: Central Cooling: Ceiling Fan(s); Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: Carport; On Street; 1 Space/Unit; >1 Space Per Unit Road Surface Type: Asphalt Owner Pays: See Remarks Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV Source of Fincl Data: Owner; Projected Proforma Special: Owner/Agent Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Other (See Remarks) Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Other (See Remarks) Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Cash to Loan; VA; FHA; Conventional; Other (See Remarks) Environmental: Other (See Remarks)

Listing Office: Grace CRE

Office Phone: 602-975-5516

Office Email: info@gracecre.com

Last Updated: May - 04 - 2026