3120 W ROOSEVELT Street, Phoenix, AZ 85009 (MLS# 6792921)

3120 W ROOSEVELT Street, Phoenix, AZ 85009

$675,000

Property Type: Multiple Dwellings Bedrooms: 8 Baths: 4 Status: Closed

Current Price: $675,000 Last Modified: 9/11/2026

Overview

Description

An income producing property in a desirable location. All unites are rented, All units are 2 bedrooms, 1 bath. The rental prices are $1,400 and one is rented at $1,450.

Listing Details MLS# 6792921

Location, Tax & Legal

House Number: 3120
Compass: W
Street Name: ROOSEVELT
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85009
Zip4: 3459
Country: US
County Code: Maricopa
Subdivision: EL RETIRO BLK 1, 2
Assessor Number: 109-14-044-C
Tax Year: 2024
Assessor's Map #: 14
Legal Description (Abbrev): EL RETIRO MCR 32-9 LOT 12 BLK 4 EX W 83.035F & EX E 5F TH/OF & EX S 10F
Assessor's Parcel #: 44
Assessor Parcel Ltr: C
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 112700
Taxes: 1202
Legal: EL RETIRO MCR 32-9 LOT 12 BLK 4 EX W 83.035F & EX E 5F TH/OF & EX S 10F
Marketing Name: EL RETIRO BLK 1, 2

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: IRR x IRR
Year Built: 1984
Uncvrd Parking Spcs: 6
Total # of Units: 4
# of Buildings: Yes
Zoning: C1

Remarks Misc

Directions: Near I-10 freeway, Roosevelt Street, between 32nd and 31st avenue.

Status Change Info

Off Market Date: 2025-01-29
Under Contract Date: 2025-01-27
Close of Escrow Date: 2025-03-03

Legal Info

Township: 1N
Range: 2E
Section: 2
Block: 4
Lot Number: 12

More Information

2 Bedroom Units

# 2 Bedroom Units: 4
Avg Rent: 1400
Avg SqFt: 621
# Baths: Yes

Structure

Bedrooms Total: 8
Bathrooms Total: 4

Income Expenses

Gross Annual Sch Inc: 67200
Net Operating Income: 56254

Showing Notification Methods

Showing Service: Aligned Showings

Sold Info

Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession to Buyer: 3.5
Seller Concession $/%: %
Buyer Concession to Seller: 0

Project Type

Four Plex: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Construction

Brick: Yes

Const - Finish

Painted: Yes

Roofing

Composition: Yes

Floors

Ceramic Tile: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Ins Exp: 2184
Annual Wtr/Swr Exp: 4200
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 7586
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 63840

Pmt & Rate Info

Cap Rate: 8.34
Equity: 674900
Down Payment %: 20
Monthly Payments: 3600
Total Owed: 0

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Electric: Yes

Cooling

Central Air: Yes
Individual: Yes

Tenant Pays

Electricity: Yes

Appliances Included

Refrigerator: Yes
Other: Yes

Road Surface Type

Concrete: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Paved: Yes

Electric

Individual Meter: Yes

Gas

SW Gas: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes
Landscaping: Yes

New Financing

Cash: Yes
Conventional: Yes

Special

Owner/Agent: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

Property Features

Project Type: Four Plex Construction: Brick Const - Finish: Painted Roofing: Composition Floors: Ceramic Tile Sale Includes: Land & Building Community Features: No Pool Appliances Included: Refrigerator; Other Cooling: Individual; Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: Individual Meter Gas: SW Gas Parking Features: Paved Road Surface Type: Concrete Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity Source of Fincl Data: Owner Special: Owner/Agent Lockbox Type: None Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional Environmental: None

Listing Office: My Home Group Real Estate

Last Updated: September - 11 - 2026