1031 E Roosevelt Street, Phoenix, AZ 85006

$600,000
Sold Price
$600,000
List Price
$610,000
Status
CLOSED
Closing Date
Dec 08, 2023
Days on Market
155
MLS#
6577882
City
Phoenix
Year Built
1936

Property Description

Huge Price Improvement! Duplex in Garfield Historic District Zoned R-5 (Residential or Professional Offices). Both units are remodeled and move in ready, so you can start generating income immediately. Roof, drywall, electrical, plumbing, flooring, water heater and appliances all recently upgraded! Property is perfect for students, business travelers, traveling nurses, or people looking to enjoy the trending Roosevelt & downtown night scene.

Additional Information

Taxes
$648
Net Operating Income
$43,352
Cap Rate
6.72
Units
2
Flooring
Vinyl
Parking Features
Paved Parking, Add'l Parking Avail, Auto Door Opener, >1 Space Per Unit, 1 Space/Unit, Common
Construction
Stucco, Adobe
Roofing
Rolled/Hot Mop
Zoning
R-5
Subdivision
Highland Addition Lots 9-26, 43-60, 74-91
Community Features
No Pool
Electric
APS
Water
City Franchise
Sewer
Public Sewer
Tenant Pays
Electricity
New Financing
Conventional, 1031 Exchange
School District
Phoenix Union High School District

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of My Home Group Real Estate. Selling Office: Barrett Real Estate.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.