1222 E Roosevelt Street, Phoenix, AZ 85006
- $625,000
- Sold Price
- $625,000
- List Price
- $649,900
- Status
- CLOSED
- Closing Date
- Oct 05, 2023
- Days on Market
- 42
- MLS#
- 6594868
- City
- Phoenix
- Year Built
- 1924
Property Description
This is an opportunity to own a totally renovated duplex in the historic Garfield Neighbourhood. Removed with taste while keeping its historic charm. Unit 1 is a 3b 1b Main house (1,531sqf) with high ceilings, an amazing large kitchen, rooms and bathroom. Upgrades include plumbing, electric, floors, new AC split units, new quartz counters, new flooring too many to list must see it for yourself. Unit 2 is a 2b 1b (612sqf) also totally renovated, new plumbing, electric floors, etc. Huge backyard with RV gate, with a storage, ready for your creative imagination, enough space to add a Casita! Minutes walk to historic Roosevelt district of downtown with the best that downtown has to offer. This amazing investment opportunity is in high demand with renters both short term (Airbnb) and long term tenants. Market rents for the 3b 1b (1,531sqf) $2,500 and the 2b 1b(612sqf) is $1,700 for a total of $4,200 or move in the main house and rent the 2b1b for extra income, limitless possibilities. Be the first to claim this one, won't last, send your offers NOW!
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Additional Information
- Taxes
- $901
- Net Operating Income
- $44,400
- Cap Rate
- 6.83
- Units
- 2
- Parking Features
- Other (See Remarks)
- Construction
- Siding, Stucco, Block, Frame - Wood
- Roofing
- See Remarks, Composition
- Cooling
- Electric
- Heating
- Electric
- Zoning
- MULTI-FAMILY
- Subdivision
- Sedlers
- Community Features
- No Pool
- Electric
- APS
- Water
- City Franchise
- Sewer
- Public Sewer
- Tenant Pays
- See Remarks
- New Financing
- Conventional, FHA, VA Loan
- Elementary School
- Wilson Elementary School - Phoenix
- School District
- Phoenix Union High School District
Mortgage Calculator
Listing courtesy of USELLSMART Real Estate. Selling Office: Keller Williams Realty East Valley.
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.