$4,930,000
Phoenix, AZ 85003
MLS# 6768625
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Property Description
Discover the charm of urban living in the heart of Roosevelt Row, one of downtown Phoenix's most vibrant and eclectic neighborhoods. This 24-unit apartment complex, featuring a mix of 1-bedroom/1-bath units and studio apartments, offers tenants the perfect combination of comfort and convenience. With a total rentable square footage of 8,788 SF, this property is just steps away from boutique restaurants, trendy bars, and unique shopping destinations. Each unit is individually metered for electricity, providing tenants with independent control over their utilities. The property also includes a community laundry room for added convenience. Currently, all units are occupied by an owner-user, and the owner may consider leasing back some units temporarily, depending on the terms. Please
Details
Contract Info
Current Price: $4,930,000
List Price: $4,930,000
Status: Active
List Date: 2024-10-09
Ownership: Fee Simple
Location Tax Legal
House Number: 825
Compass: N
Street Name: 2ND
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85003
Zip4: 1422
Country: US
County Code: Maricopa
Subdivision: BENNETT PLACE D-F K & L
Assessor Number: 111-40-079
Tax Year: 2023
General Property Description
Lot Size Dimensions: NA
Year Built: 1954
Total # of Units: 24
# of Buildings: 1
Zoning: R
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Remarks Misc
Geo Lat: 33.457682
Geo Lon: -112.076032
Status Change Info
Status Change Date: 2024-10-09
Legal Info
Township: 1N
Range: 3E
Section: 5
Lot Number: 11
Showing Notification Methods
Showing Service: Aligned Showings
Efficiency Units
# Efficiency Units: 20
1 Bedroom Units
# 1 Bedroom Units: 4
Property Features
Project Type: 13 - 24 Units
Construction: Wood Frame
Const - Finish: Painted
Roofing: Composition
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building; Laundry Equipment
Community Features: Other
Appliances Included: Other
Heating: Other
Cooling: Other
Water Source: See Remarks
Sewer: Other
Electric: Other (See Remarks)
Gas: Other (See Remarks)
Parking Features: Other
Owner Pays: See Remarks
Tenant Pays: Other (See Remarks)
Source of Fincl Data: Other (See Remarks)
Lockbox Type: Other
New Financing: Other (See Remarks)
Environmental: Other (See Remarks)
Supplements
note that all numbers provided in the listing are proforma estimates.
Located in the bustling Roosevelt Row area, this is a prime opportunity for investors seeking stable income and a property with excellent long-term potential.
Please note: Drive-by only. Do not disturb tenants.
Listing Office: Clear Commercial Advisors
Last Updated: April - 17 - 2025
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