Seller's Agent in 2023
Daniel Schaffler
Compass
(480) 340-6246
5 in this area
136 Total Sales
2316 E Roosevelt St Phoenix, AZ 85006
Central City Neighborhood
16
Beds
14
Baths
1,736
Sq Ft
1949
Built
Highlights
- Evaporated cooling system
- Ceiling Fan
- Individual Controls for Heating
- Phoenix Coding Academy Rated A
- Vinyl Flooring
About This Home
As of December 2023Great Opportunity To Purchase This 14 Unit Apartment Community Consisting of 10 Two Bedroom One Bath Units and 4 One Bedroom One Bath Units Located Just East of Downtown Phoenix. Updates Include Newer Roofs, Windows, Evap Coolers, Mini-Splits, Flooring, Interior Paint & Some Replaced Cabinets In A Few of The Units. Property Is Comprised of 8 Buildings & Situated on 2 Parcels of Land Totaling Over 1 Acre. All Units Have Their Own Electric Meters. Located At 24th Street & Roosevelt This Property Is Conveniently Located Near Several Major Employers, Major Freeways & Sky Harbor Airport.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,266
Year Built
- Built in 1949
Lot Details
- Additional Parcels
Home Design
- Composition Roof
- Block Exterior
- Stucco
Interior Spaces
- Ceiling Fan
- Vinyl Flooring
Parking
- 32 Open Parking Spaces
- 32 Parking Spaces
Utilities
- Evaporated cooling system
- Cooling System Mounted To A Wall/Window
- Individual Controls for Heating
- Master Water Meter
Listing and Financial Details
- The owner pays for trash collection, water, sewer, landscaping
- Assessor Parcel Number 116-04-114-C
Community Details
Overview
- 8 Buildings
- 14 Units
- Building Dimensions are 297x155
- The Franklin Subdivision
Building Details
- Operating Expense $46,181
- Gross Income $155,800
- Net Operating Income $118,100
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/26/2023 12/26/23 | Sold | $1,900,000 | -13.6% | $1,094 / Sq Ft | |
| 09/22/2023 09/22/23 | Pending | -- | -- | -- | |
| 09/19/2023 09/19/23 | Price Changed | $2,200,000 | -1.8% | $1,267 / Sq Ft | |
| 09/02/2023 09/02/23 | For Sale | $2,240,000 | +37.8% | $1,290 / Sq Ft | |
| 10/13/2020 10/13/20 | Sold | $1,625,000 | -9.5% | $936 / Sq Ft | View Prior Sale |
| 09/15/2020 09/15/20 | Pending | -- | -- | -- | |
| 08/26/2020 08/26/20 | For Sale | $1,795,000 | -- | $1,034 / 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 | $2,760 | $20,434 | -- | -- |
| 2024 | $2,626 | $19,461 | -- | -- |
| 2023 | $2,626 | $91,220 | $13,770 | $77,450 |
| 2022 | $2,523 | $70,800 | $10,690 | $60,110 |
| 2021 | $2,584 | $62,610 | $9,450 | $53,160 |
| 2020 | $2,521 | $52,200 | $7,880 | $44,320 |
| 2019 | $2,504 | $41,090 | $6,200 | $34,890 |
| 2018 | $2,452 | $32,810 | $4,950 | $27,860 |
| 2017 | $2,357 | $29,590 | $4,460 | $25,130 |
| 2016 | $2,266 | $24,780 | $3,740 | $21,040 |
Source: Public Records
Agents Affiliated with this Home
-
Daniel Schaffler
-
Mitchell Drake
Buyer's Agent in 2023
Mitchell Drake
ABI Multifamily
(602) 714-1400
6 in this area
27 Total Sales
-
Craig Young
Seller's Agent in 2020
Craig Young
REI Marketing
(480) 773-2183
14 in this area
157 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6599818
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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