2316 E ROOSEVELT Street, Phoenix, AZ 85006
$1,900,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$1,900,000
List Date:
9/02/2023
Last Modified:
5/05/2025
Overview
Description
Listing Details MLS# 6599818
Location, Tax & Legal
- House Number
- 2316
- Compass
- E
- Street Name
- ROOSEVELT
- St Suffix
- Street
- City/Town Code
- Phoenix
- State/Province
- AZ
- Zip Code
- 85006
- Zip4
- 3820
- Country
- US
- County Code
- Maricopa
- Subdivision
- The Franklin
- Assessor Number
- 116-04-114-C
- Tax Year
- 2023
- Assessor's Map #
- 4
- Legal Description (Abbrev)
- W 100F OF E 165F OF W 990F OF S2 S2 SE4 NE4 EX S 33F RD
- Assessor's Parcel #
- 114
- Assessor Parcel Ltr
- C
- Add'l Parcels
- Yes
- Tax Municipality
- Maricopa - COUNTY
- Census Tract
- 113300
- Taxes
- 3266
- Legal
- W 100F OF E 165F OF W 990F OF S2 S2 SE4 NE4 EX S 33F RD
- Marketing Name
- 14 Unit Apartment
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 297x155
- Year Built
- 1949
- Uncvrd Parking Spcs
- 32
- Total # of Units
- 14
- # of Buildings
- 8
- Zoning
- R-5 & C-1
- Flood Zone
- No
- Elementary School District
- Creighton Elementary District
- High School District
- Phoenix Union High School District
Remarks Misc
- Cross Street
- 24th Street & Roosevelt Street
- Directions
- Use GPS
Status Change Info
- Off Market Date
- 2023-10-12
- Under Contract Date
- 2023-09-22
- Close of Escrow Date
- 2023-12-26
Legal Info
- Township
- 1N
- Range
- 3E
- Section
- 3
- Lot Number
- .
More Information
Income Expenses
- Gross Annual Sch Inc
- 162000
- Net Operating Income
- 118100
1 Bedroom Units
- # 1 Bedroom Units
- 4
- Avg Rent
- 950
- Avg SqFt
- 550
- # Baths
- Yes
2 Bedroom Units
- # 2 Bedroom Units
- 10
- Avg Rent
- 1100
- Avg SqFt
- 750
- # Baths
- Yes
Sold Info
- Loan Type
- Cash to Loan
- Loan Years
- 5
- Payment Type
- Fixed
- Closing Cost Split
- Normal - N
- Buyer Concession $/%
- $
- Seller Concession $/%
- $
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Project Type
- 13 - 24 Units
- Yes
Construction
- Block
- Yes
Const - Finish
- Stucco
- Yes
Roofing
- Composition
- Yes
Floors
- Vinyl
- Yes
Sale Includes
- Land & Building
- Yes
Income & Expenses
- Annual Elec Exp
- 550
- Annual Gas Exp
- 1100
- Annual Ins Exp
- 3000
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 4485
- Annual Legal & Acctg
- 3500
- Annual Maint Exp
- 6000
- Annual Mgmt Exp
- 11550
- Annual Trash Exp
- 5000
- Annual Wtr/Swr Exp
- 5730
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 2000
- Operating Exp
- 46181
- Other Income
- 2000
- Vacancy Allowance
- 0.05
- Adjusted Gross Inc
- 155800
Pmt & Rate Info
- Cap Rate
- 5.27
- Equity
- 2240000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
Showing Notification Methods
- Text
- Yes
- Yes
- Phone Call
- Yes
Community Features
- No Pool
- Yes
Heating
- Individual
- Yes
Cooling
- Ceiling Fan(s)
- Yes
- Evaporative Cooling
- Yes
- Window/Wall Unit
- Yes
- Individual
- Yes
Exterior Amenities
- Desert Landscaping
- Yes
Tenant Pays
- Gas
- Yes
- Electricity
- Yes
Appliances Included
- Refrigerator
- Yes
- Free-Standing Range
- Yes
- Other
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
Water Source
- City Franchise
- Yes
- Master Meter
- Yes
Sewer
- Sewer - Public
- Yes
- Sewer-In & Connected
- Yes
Parking Features
- <1 Space Per Unit
- Yes
Electric
- APS
- Yes
- Individual Meter
- Yes
Gas
- SW Gas
- Yes
- Individual Meter
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
- Landscaping
- Yes
New Financing
- Conventional
- Yes
- No Carry
- Yes
Existing 1st Loan
- Private
- Yes
Reports/Disclosures
- None
- Yes
Environmental
- None
- Yes
Efficiency Units
- Avg Rent
- 0
3 Bedrooms Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Property Features
Project Type:
13 - 24 Units
Construction:
Block
Const - Finish:
Stucco
Roofing:
Composition
Floors:
Vinyl
Sale Includes:
Land & Building
Community Features:
No Pool
Exterior Amenities:
Desert Landscaping
Appliances Included:
Free-Standing Range; Refrigerator; Other
Heating:
Individual
Cooling:
Ceiling Fan(s); Window/Wall Unit; Evaporative Cooling; Individual
Water Source:
City Franchise; Master Meter
Sewer:
Sewer - Public; Sewer-In & Connected
Electric:
APS; Individual Meter
Gas:
SW Gas; Individual Meter
Parking Features:
<1 Space Per Unit
Road Surface Type:
Asphalt
Owner Pays:
Water; Trash Collection; Landscaping
Tenant Pays:
Electricity; Gas
Source of Fincl Data:
Owner
Showing Notification Methods:
Text; Email; Phone Call
Existing 1st Loan:
Private
New Financing:
Conventional; No Carry
Environmental:
None
Listing Office:
Compass
Last Updated: May - 05 - 2025
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