Seller's Agent in 2025
Brad Skenderian
Matthews Real Estate Investment Services
(949) 533-5594
2 in this area
18 Total Sales
1406 E Roosevelt St Phoenix, AZ 85006
Garfield Neighborhood
--
Bed
--
Bath
2,048
Sq Ft
1964
Built
Highlights
- Cooling Available
- Carpet
- Heat Pump System
- Phoenix Coding Academy Rated A
About This Home
As of September 2025The Roosevelt Apartments is a 7-unit multifamily community located at 1402 & 1406 E Roosevelt St. Originally constructed in 1949 and 1964, the asset sits in a high rental demand area to the east of Downtown Phoenix and near the end of Roosevelt Row. 1402 &1406 E Roosevelt features a favorable mix of one- and two-bedroom units that have been well-maintained and updated throughout the 20 years of current ownership. Additionally, the property sits across two separate parcels, allowing for flexible financing or the opportunity to sell them as an individual triplex and fourplex in the future. This is a unique opportunity to acquire a value-add asset in a centralized, high growth location with both immediate income potential and long-term upside.
Last Agent to Sell the Property
Matthews Real Estate Investment Services License #SA692958000 Listed on: 09/01/2025
Last Buyer's Agent
Matthews Real Estate Investment Services License #SA692958000 Listed on: 09/01/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,236
Year Built
- Built in 1964
Lot Details
- Additional Parcels
Home Design
- Brick Exterior Construction
- Composition Roof
Flooring
- Carpet
- Vinyl
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
Utilities
- Cooling Available
- Heat Pump System
Listing and Financial Details
- The owner pays for gas, electricity, trash collection, water, sewer
- Tax Lot 22
- Assessor Parcel Number 116-56-074-D
Community Details
Overview
- 4 Units
- Building Dimensions are IRR
- La Tourrette Place Subdivision
Building Details
- Operating Expense $10,646
- Gross Income $120,600
- Net Operating Income $17,736
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 1, 2025
Closed on
Sep 17, 2025
Sold by
Stroud John
Bought by
Estancia Equity Group Llc
Seller's Agent
Brad Skenderian
Matthews Real Estate Investment Services
Buyer's Agent
Brad Skenderian
Matthews Real Estate Investment Services
List Price
$1,000,000
Sold Price
$1,000,000
Views
2
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$293,667
Avg. Annual Appreciation
-76.51%
Original Mortgage
$450,000
Outstanding Balance
$450,000
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$256,333
Purchase Details
Listed on
Sep 1, 2025
Closed on
Sep 10, 2025
Sold by
A & M Properties I Llc
Bought by
Stroud John
Seller's Agent
Brad Skenderian
Matthews Real Estate Investment Services
Buyer's Agent
Brad Skenderian
Matthews Real Estate Investment Services
List Price
$1,000,000
Sold Price
$1,000,000
Views
2
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Outstanding Balance
$450,000
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$256,333
Purchase Details
Closed on
Mar 16, 2006
Sold by
Bergman Melvin and Bergman Anesta Pasch
Bought by
A&M Property I Llc
Purchase Details
Closed on
Dec 21, 2005
Sold by
Ran Llc
Bought by
Bergman Melvin Bernard and Bergman Anesta Pasch
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,200
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Accommodation/Courtesy Recordi | |
| Warranty Deed | $600,000 | Commonwealth Land Title | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | $299,000 | Arizona Title Agency Inc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $450,000 | New Conventional | |
| Previous Owner | $239,200 | Purchase Money Mortgage | |
| Closed | $29,900 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/12/2025 09/12/25 | Sold | $1,000,000 | 0.0% | $488 / Sq Ft |
| 09/01/2025 09/01/25 | Pending | -- | -- | -- |
| 09/01/2025 09/01/25 | For Sale | $1,000,000 | -- | $488 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,313 | $9,245 | -- | -- |
| 2024 | $1,224 | $8,804 | -- | -- |
| 2023 | $1,224 | $37,170 | $7,430 | $29,740 |
| 2022 | $1,181 | $26,350 | $5,270 | $21,080 |
| 2021 | $1,172 | $22,670 | $4,530 | $18,140 |
| 2020 | $1,185 | $21,320 | $4,260 | $17,060 |
| 2019 | $1,184 | $15,580 | $3,110 | $12,470 |
| 2018 | $1,163 | $13,870 | $2,770 | $11,100 |
| 2017 | $1,136 | $13,500 | $2,700 | $10,800 |
| 2016 | $1,104 | $10,320 | $2,060 | $8,260 |
| 2015 | $1,021 | $8,510 | $1,700 | $6,810 |
Source: Public Records
Agents Affiliated with this Home
-
Brad Skenderian
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6918779
APN: 116-56-074D
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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