314 W Roosevelt Street, Phoenix, AZ 85003
- $2,875,000
- 12
- BD
- 12
- BA
- List Price
- $2,875,000
- Status
- ACTIVE
- Days on Market
- 163
- MLS#
- 7007952
- City
- Phoenix
- Bedrooms
- 12
- Bathrooms
- 12
- Year Built
- 1924
Property Description
314 West Roosevelt Street is a 12-unit apartment community on a rare half-acre double lot that offers expansion potential under DTC-S-ROO zoning. Situated in the heart of Roosevelt Row and located within Phoenix's first-ever historic district, this is one of the earliest apartment buildings in Phoenix. Built in 1913 and fully modernized in the mid-1990s (all new; plumbing/sewer, electrical, roof trusses & structural improvements) full blueprints are available. The property features (12) 1-Bed / 1-Bath units (~650 SF Avg), on-site laundry, ample parking, and a community terrace. Residents are sure to appreciate being in Downtown Phoenix's premier arts, dining, and culture corridor. The property provides immediate access to the light-rail & I-10. Drive By Only, Do Not Disturb Tenants!
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Additional Information
- Taxes
- $8,456
- Net Operating Income
- $147,893
- Cap Rate
- 5.14
- Units
- 12
- Parking Features
- Paved, On Street, >1 Space Per Unit
- Construction
- Block, Brick, Painted, Stucco
- Roofing
- Composition
- Cooling
- Central Air, Varies by Unit
- Heating
- Heat Pump, Varies by Unit, Central
- Zoning
- DTC-S-ROO
- Subdivision
- Kenilworth Blks 7-14
- Community Features
- No Pool
- Electric
- APS
- Water
- City Franchise
- Tenant Pays
- Electricity, Gas
- New Financing
- Other (See Remarks)
Courtesy of ABI Multifamily. 602-714-1400
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