NOT LISTED FOR SALE

604 S Roosevelt St Tempe, AZ 85281

Riverside Neighborhood
9 Beds
9 Baths
412 Sq Ft
1955 Built

Last Sold February 23, 2017

Last sale price $799,000 $1,939 Per Sq Ft

105 Days on Market

About This Home

As of February 2017

Roosevelt Place is a 1955 block-constructed building. Its vintage charm lends itself to the popular mid-century renovation trend that is in high demand by residents and investors alike. The property is individually metered for gas and electricity, and all nine electrical panels have been upgraded over the last few years. Additional
updates include pre-hung insulated metal 6-panel entry doors, fresh exterior paint, new dual-pane windows, electricity and disconnect boxes run to each water heater in preparation for converting them to electric from gas, and more. Very few properties can offer the location, cleanliness, and possible upside Roosevelt Place has to offer. This 9 unit apartment community, located in the heart of Tempe, is nestled among many new and highly renovated properties, Roosevelt Place is less
than one mile to Arizona State University campus. Residents enjoy the close
proximity to downtown Tempe and everything it has to offer. With many dining, shopping, and entertainment options, as well as the largest university in the nation, all within minutes, Roosevelt Place is an extremely desirable location for residents and has consistently stayed fully occupied.

Last Agent to Sell the Property

John Klocek

ABI Multifamily License #SA657592000 Listed on: 10/12/2016

Co-Listed By

Patrick Burch

ABI Multifamily License #BR515118000

Last Buyer's Agent

Eric Dixon

On Q Property Management License #BR627731000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,462

Year Built

  • Built in 1955

Home Design

  • Wood Frame Construction
  • Block Exterior

Parking

  • 9 Open Parking Spaces
  • 9 Parking Spaces
  • Paved Parking

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 23E
  • Assessor Parcel Number 124-34-009-B

Community Details

Overview

  • 9 Units
  • Building Dimensions are 15682
  • State Plat No 12 Amd Subdivision

Building Details

  • Gross Income $68,496
  • Net Operating Income $48,301

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,462

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Cross Street: Mill & University
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1955
  • Tax Year: 2016
  • Directions: West on University, North on Roosevelt to property on West side of street.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Subdivision Name: STATE PLAT NO 12 AMD
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Painted, Block, Frame - Wood
  • Roof: See Remarks
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved Parking, >1 Space Per Unit, 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 9.0
  • Total Parking Spaces: 9.0
  • General Property Description:Uncvrd Parking Spcs: 9.0
  • General Property Description:Total Parking Spcs: 9.0
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Lot Info

  • Lot Size: 15682
  • Additional Parcels: No
  • Parcel #: 124-34-009-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 9
  • Annual Gross Income: 68496.0
  • Property Net Operating Income: 48301.0
  • Vacancy Allowance Rate: 0.04

Tax Info

  • Tax Annual Amount: 2462.16
  • Tax Book Number: 124.00
  • Tax Lot: 23E

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2017 02/23/17 Sold $799,000 0.0% $1,939 / Sq Ft
01/25/2017 01/25/17 Pending -- -- --
10/12/2016 10/12/16 For Sale $799,000 -- $1,939 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • John Klocek

    Seller's Agent in 2017

    John Klocek

    ABI Multifamily

    (602) 639-0088

    26 Total Sales

    John Klocek
    Section Image
  • Patrick Burch

    Seller Co-Listing Agent in 2017

    Patrick Burch

    ABI Multifamily

    (520) 603-1768

    41 Total Sales

    Patrick Burch
    Section Image
  • Eric Dixon

    Buyer's Agent in 2017

    Eric Dixon

    On Q Property Management

    (480) 332-7404

    91 Total Sales

    Eric Dixon
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5510360

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Tempe 85281 Riverside

604 S Roosevelt St, Tempe, AZ

This home is located at 604 S Roosevelt St, Tempe, AZ 85281 since 12 October 2016. This property was built in 1955. 604 S Roosevelt St is a home located in Maricopa County with nearby schools including Scales Technology Academy, Geneva Epps Mosley Middle School, and Tempe High School.

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.

Arizona Regional Multiple Listing Service (ARMLS) 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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