NOT LISTED FOR SALE
1 Bed
1 Bath
525 Sq Ft
10,454 Sq Ft Lot

Sale Details

Date Sold: March 16, 2017

Last sale price $970,000 $1,848 Per Sq Ft

7 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Individual Controls for Heating

About This Home

As of March 2017

Roosevelt Row Apartments is a 10-unit multifamily investment
opportunity in the heart of Downtown Phoenix. It consists of 10
quaint one-bedroom units surrounding an inviting, landscaped
courtyard. The property highlights the historic red brick charm
and mid-century architecture that is becoming more and more
popular today. Roosevelt Row Apartments is located on one of
the most attractive streets in the area with a mix of remodeled
historic apartment homes and restored vintage residential
offices. It is also walking distance to downtown hot spots such as
The Vig Fillmore, Cibo, Crescent Ballroom, and more, as well as
being less than a mile-and-a-half to Talking Stick Arena, Chase
Field, and the Stadium district. Additionally, it is less than ahalf-mile to the nearest light rail stop and walking distance to the core of the Downtown Phoenix ASU campus. The property enjoys direct access to all areas of the Phoenix Valley by way of the I-10
Freeway and nearby Light Rail Transit System.

Last Agent to Sell the Property

John Klocek

ABI Multifamily License #SA657592000 Listed on: 02/07/2017

Co-Listed By

Patrick Burch

ABI Multifamily License #BR515118000

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,803

Year Built

  • Built in 1952

Lot Details

  • 10,454

Home Design

  • Brick Exterior Construction
  • Tile Roof

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Utilities

  • Cooling Available
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 19 / M
  • Assessor Parcel Number 111-39-129

Community Details

Overview

  • 2 Buildings
  • 10 Units
  • Building Dimensions are 140 x 73
  • Chester Place Subdivision

Building Details

  • Operating Expense $33,174
  • Gross Income $73,498
  • Net Operating Income $40,324

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,803

Year Built

Built in 1952

Lot Details

10,454 Sq Ft Lot

Listing Details

  • Cross Street: Central Ave & Roosevelt Street
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: DTC-S-ROO
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1952
  • Tax Year: 2016
  • Road Surface Type: Concrete
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Subdivision Name: CHESTER PLACE
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances: Other (See Remarks)
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: See Remarks, Brick
  • Roof: See Remarks, Tile
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

  • Parking Features: Other (See Remarks)
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: APS
  • Cooling: Other, See Remarks, Individual, Electric
  • Heating: Other, See Remarks, Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Main Cooling Other: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Interior Amenities:Other (See Remarks)51: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 140 x 73
  • Additional Parcels: No
  • Parcel #: 111-39-129

Multi Family

  • Owner Pays: Other, See Remarks, Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 10
  • Annual Gross Income: 73498.0
  • Property Net Operating Income: 40324.0
  • Annual Operating Expense: 33174.0

Tax Info

  • Tax Annual Amount: 4803.0
  • Tax Block: M
  • Tax Book Number: 111.00
  • Tax Lot: 19

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
Feb 7, 2017
Closed on
Mar 13, 2017
Sold by
Bought by
Seller's Agent
John Klocek
ABI Multifamily
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$1,100,000
Sold Price
$970,000
Premium/Discount to List
-$130,000
-11.82%

Purchase Details

Closed on
Aug 1, 2004
Sold by
Bought by

Purchase Details

Closed on
Dec 11, 2003
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
$175,000
Interest Rate
0.058%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 25, 2002
Sold by
Bought by

Purchase Details

Closed on
Aug 16, 1999
Sold by
Bought by

Purchase Details

Closed on
May 28, 1996
Sold by
Bought by
Source: Public Records
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$970,000 American Title Svc Agency
$20,000 --
$350,000 Security Title Agency
-- --
-- Title Insurance Company
-- --
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
Previous Owner $300,000
Previous Owner $375,000
Previous Owner $175,000
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
03/16/2017 03/16/17 Sold $970,000 -11.8% $1,848 / Sq Ft
02/14/2017 02/14/17 Pending -- -- --
02/07/2017 02/07/17 For Sale $1,100,000 -- $2,095 / 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 $5,715 $40,231
2024 $5,328 $38,316
2023 $5,328 $98,560 $19,710 $78,850
2022 $5,139 $79,120 $15,820 $63,300
2021 $5,100 $75,400 $15,080 $60,320
2020 $5,159 $63,670 $12,730 $50,940
2019 $5,150 $61,660 $12,330 $49,330
2018 $5,063 $55,560 $11,110 $44,450
2017 $4,945 $59,300 $11,860 $47,440
2016 $4,803 $56,880 $11,370 $45,510
2015 $4,444 $47,900 $9,580 $38,320
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5557872

Arizona Regional Multiple Listing Service (ARMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.