920 S ROOSEVELT Street, Tempe, AZ 85281 (MLS# 6249142)

920 S ROOSEVELT Street, Tempe, AZ 85281

$650,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $650,000 Last Modified: 3/19/2025

Overview

Description

Incredible opportunity in Tempe near ASU and all that downtown Tempe has to offer. Walk/Bike to restaurants, bars, Mill Avenue and ASU. This property has TWO SEPERATE homes that make a perfect investment. Live in one and rent the other or rent both to take advantage of the high rental rates in the ASU/Tempe market. The primary home has 3 bedrooms and 2 baths and faces Roosevelt. The 1 bedroom, 1 bath home faces Mitchell and was built in 2000. Both have separate fenced yards and both have one car carports. The primary home also has a gazebo for outdoor entertaining and the secondary home faces Mitchell Park for peace and quiet, This is truly a unique opportunity! Have you been thinking about an airbnb or Pied De Terre?

Listing Details MLS# 6249142

Location, Tax & Legal

Map Code/Grid: R36
House Number: 920
Compass: S
Street Name: ROOSEVELT
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 5444
Country: US
County Code: Maricopa
Subdivision: MITCHELL SUB
Assessor Number: 124-69-136
Tax Year: 2020
Assessor's Map #: 69
Legal Description (Abbrev): LOT 6 BLOCK 4 MITCHELL SUB MCR 003513
Assessor's Parcel #: 136
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 318900
Taxes: 3354
Legal: LOT 6 BLOCK 4 MITCHELL SUB MCR 003513
Marketing Name: Roosevelt and Mitchell

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 59X146
Year Built: 1960
Uncvrd Parking Spcs: Yes
Total # of Units: 2
# of Buildings: 2
Zoning: R-2
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Elementary School: Holdeman Elementary School
Jr. High School: Geneva Epps Mosley Middle School
High School: Tempe High School

Remarks Misc

Cross Street: University and Roosevelt or Mitchell
Directions: South on Roosevelt from University.

Status Change Info

Off Market Date: 2021-07-21
Under Contract Date: 2021-06-12
Close of Escrow Date: 2021-07-22

Legal Info

Township: 1N
Range: 4E
Section: 21
Block: 4
Lot Number: 6

More Information

Income Expenses

Gross Annual Sch Inc: 3595
Net Operating Income: 42346

1 Bedroom Units

# 1 Bedroom Units: Yes
Avg Rent: 1295
Avg SqFt: 600
# Baths: Yes

3 Bedrooms Units

# 3 Bedroom Units: Yes
Avg Rent: 2300
Avg SqFt: 1260
# Baths: 2

Sold Info

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

Project Type

Duplex: Yes

Other Type

House + Rental Units: Yes

Construction

Block: Yes

Const - Finish

Other (See Remarks): Yes

Roofing

Composition: Yes

Floors

Ceramic Tile: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 794
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 4148
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 3595

Status Update

Multiple Offers Recd: Yes

Pmt & Rate Info

Cap Rate: 6.89
Equity: 615000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

Supra: Yes

Community Features

Other: Yes
See Remarks: Yes

Heating

Natural Gas: Yes

Cooling

Electric: Yes

Tenant Pays

Gas: Yes
Water: Yes
Sewer: Yes
Electricity: Yes
Trash Collection: Yes
Cable TV: Yes

Appliances Included

Disposal: Yes
Microwave: Yes
Refrigerator: Yes
Built-In Range: Yes
Washer/Dryer: Yes

Road Access Type

Dedicated Street: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Carport: Yes
<1 Space Per Unit: Yes

Electric

APS: Yes

Gas

SW Gas: Yes

Owner Pays

None: Yes

New Financing

Conventional: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Environmental

None: Yes

Efficiency Units

Avg Rent: 0

2 Bedroom Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: Duplex Other Type: House + Rental Units Construction: Block Const - Finish: Other (See Remarks) Roofing: Composition Floors: Ceramic Tile Sale Includes: Land & Building Community Features: Other; See Remarks Appliances Included: Built-In Range; Refrigerator; Disposal; Microwave; Washer/Dryer Heating: Natural Gas Cooling: Electric Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: Carport; <1 Space Per Unit Road Access Type: Dedicated Street Owner Pays: None Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV Source of Fincl Data: Owner Status Update: Multiple Offers Recd Lockbox Type: Supra Existing 1st Loan: Treat as Free&Clear New Financing: Conventional Environmental: None

Listing Office: HomeSmart

Last Updated: March - 19 - 2025