2223 E Roosevelt St Phoenix, AZ 85006
Central City NeighborhoodEstimated payment $6,343/month
Total Views
1,499,819
--
Bed
--
Bath
--
Sq Ft
--
Price per Sq Ft
Highlights
- Cooling Available
- Ceramic Tile Flooring
- Heating Available
- Phoenix Coding Academy Rated A
- Ceiling Fan
About This Home
Welcome to Three at Bumbalow - A Rare Triplex Investment in the Heart of Central Phoenix!
Three at Bumbalow presents a unique opportunity to own a recently upgraded triplex in one of Phoenix's most sought-after and rapidly developing neighborhoods.
Ideally located near downtown, major freeways, and light rail access, this property is perfect for investors seeking strong rental income or owner-occupants looking to live in one unit while renting out the others.
This well-maintained property was renovated in 2023 and features three individual units:
Two units with 2 bedrooms and 1 bathroom each, and
One larger unit with 3 bedrooms and 2 bathrooms.
Each unit has its own private entrance and offers a functional floor plan designed for comfortable living. A nice side yard adds outdoor space and potential for further enhancements, such as communal gathering areas or added amenities.
Each unit is equipped with washer and dryer hookups. All the washers, dryers, and refrigerators are included in the sale and convey. The property is currently self-managed, which keeps operating costs low.
This triplex is perfect for both seasoned investors and first-time multifamily buyers looking to enter the market with a well-located, income-producing asset. The units are currently rented at $2,863, $1,584, and $1,985 per month, respectively.
Whether you're looking to expand your real estate portfolio, complete a 1031 exchange, or live in one unit while earning passive income from the others, Three at Bumbalow offers flexibility, stability, and upside in a prime Central Phoenix location.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $888
Year Built
- Built in 1952
Home Design
- Composition Roof
- Block Exterior
- Stucco
Interior Spaces
- Ceiling Fan
- Ceramic Tile Flooring
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
- Free Parking
Schools
- Excelencia Elementary And Middle School
- North High School
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- Legal Lot and Block 1 / 2
- Assessor Parcel Number 116-03-013
Community Details
Overview
- 3 Units
- Building Dimensions are IRR
- Bumbalow Heights Blk 1 Subdivision
Building Details
- Operating Expense $7,679
- Gross Income $73,325
- Net Operating Income $69,696
Map
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Home Values in the Area
Average Home Value in this Area
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 | $923 | $6,833 | -- | -- |
| 2024 | $878 | $6,507 | -- | -- |
| 2023 | $878 | $32,110 | $6,420 | $25,690 |
| 2022 | $844 | $23,680 | $4,730 | $18,950 |
| 2021 | $864 | $20,910 | $4,180 | $16,730 |
| 2020 | $843 | $17,520 | $3,500 | $14,020 |
| 2019 | $837 | $14,310 | $2,860 | $11,450 |
| 2018 | $820 | $12,670 | $2,530 | $10,140 |
| 2017 | $788 | $11,000 | $2,200 | $8,800 |
| 2016 | $758 | $8,560 | $1,710 | $6,850 |
| 2015 | $705 | $7,360 | $1,470 | $5,890 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/06/2025 05/06/25 | For Sale | $1,200,000 | +2453.2% | -- | |
| 03/01/2012 03/01/12 | Sold | $47,000 | 0.0% | $18 / Sq Ft | View Prior Sale |
| 12/14/2011 12/14/11 | Pending | -- | -- | -- | |
| 12/08/2011 12/08/11 | For Sale | $47,000 | -- | $18 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Pioneer Title Agency Inc | |
| Warranty Deed | -- | Pioneer Title Agency Inc | |
| Special Warranty Deed | -- | Grand Canyon Title Agency | |
| Grant Deed | -- | Great American Title Agency | |
| Trustee Deed | $208,836 | Great American Title Agency | |
| Interfamily Deed Transfer | -- | Grand Canyon Title Agency In | |
| Interfamily Deed Transfer | -- | Fidelity National Title | |
| Warranty Deed | $58,000 | Ati Title Agency |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $704,600 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $43,400 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $25,000 | Purchase Money Mortgage | |
| Previous Owner | $195,395 | New Conventional | |
| Previous Owner | $187,000 | Purchase Money Mortgage | |
| Previous Owner | $57,260 | FHA |
Source: Public Records
About the Listing Agent
With a background in marketing, I specialize in using targeted advertising to sell my clients’ homes quickly for the best terms and most amount of money possible.
What I Do Differently - My 14-Step Marketing Plan For Your Home:
1: Zillow Showcase Listing: Showcase listings receive over 65% more views, saves, and shares compared to standard listings. Buyers can also tap a button to virtually stage photos with different furniture styles.
2: Zillow Sky Tour: This feature puts
Josiah's Other Listings
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6859452
APN: 116-03-013
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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