Seller's Agent in 2023
Daniel Schaffler
Compass
(480) 340-6246
5 in this area
132 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
Home Design
- Composition Roof
- Block Exterior
- Stucco
Interior Spaces
- Ceiling Fan
- Vinyl Flooring
Parking
- 32 Open Parking Spaces
- 32 Parking Spaces
Lot Details
- Additional Parcels
Utilities
- Evaporated cooling system
- Cooling System Mounted To A Wall/Window
- Individual Controls for Heating
- Separate Meters
- 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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 2, 2023
Closed on
Dec 26, 2023
Sold by
Bought by
Seller's Agent
Daniel Schaffler
Compass
Buyer's Agent
Mitchell Drake
ABI Multifamily
List Price
$2,240,000
Sold Price
$1,900,000
Premium/Discount to List
-$340,000
-15.18%
Views
22
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,275,000
Interest Rate
0.075%
Mortgage Type
New Conventional
Purchase Details
Listed on
Aug 26, 2020
Closed on
Oct 5, 2020
Sold by
Bought by
Seller's Agent
Craig Young
Real Broker
Buyer's Agent
Daniel Schaffler
Compass
List Price
$1,795,000
Sold Price
$1,625,000
Premium/Discount to List
-$170,000
-9.47%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.01%
Original Mortgage
$700,000
Interest Rate
0.029%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 29, 2019
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$772,600
Interest Rate
0.037%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Sep 22, 2009
Sold by
Bought by
Purchase Details
Closed on
Mar 28, 1997
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,900,000 | American Title Company | ||
| $1,625,000 | Commonwealth Land Ttl Ins Co | ||
| $1,040,000 | Chicago Title Agency Inc | ||
| $470,000 | The Talon Group Kierland | ||
| $354,325 | Transnation Title Ins Co |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,275,000 | ||
| Closed | $325,000 | ||
| Previous Owner | $1,000,000 | ||
| Previous Owner | $700,000 | ||
| Previous Owner | $772,600 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
| 2015 | $2,108 | $21,610 | $3,260 | $18,350 |
Source: Public Records
Agents Affiliated with this Home
-
Daniel Schaffler
-
Mitchell Drake
Buyer's Agent in 2023
Mitchell Drake
ABI Multifamily
(602) 714-1400
7 in this area
30 Total Sales
-
Craig Young
Seller's Agent in 2020
Craig Young
Real Broker
(480) 773-2183
15 in this area
138 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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