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Key Details
Sold Price $1,000,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision La Tourrette Place
MLS Listing ID 6918779
Sold Date 09/12/25
Maintenance Fees $1,600
Year Built 1964
Annual Tax Amount $1,236
Tax Year 2024
Lot Dimensions IRR
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
The Roosevelt Apartments is a 7-unit multifamily community located at 1402 & 1406 E Roosevelt St. Originally constructed in 1949 and 1964, the asset sits in a high rental demand area to the east of Downtown Phoenix and near the end of Roosevelt Row. 1402 &1406 E Roosevelt features a favorable mix of one- and two-bedroom units that have been well-maintained and updated throughout the 20 years of current ownership. Additionally, the property sits across two separate parcels, allowing for flexible financing or the opportunity to sell them as an individual triplex and fourplex in the future. This is a unique opportunity to acquire a value-add asset in a centralized, high growth location with both immediate income potential and long-term upside.
Location
State AZ
County Maricopa
Community La Tourrette Place
Interior
Heating Electric
Cooling Heat Pump
Flooring Carpet, Vinyl
Appliance Free-Standing Range
Exterior
Parking Features 1 Space/Unit
Community Features No Pool
Roof Type Composition
Private Pool No
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 116-56-074-D
Acceptable Financing Conventional, FHA, VA Loan
Disclosures Seller Prop Disc Stm
Listing Terms Conventional, FHA, VA Loan
Financing Conventional
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Bought with Matthews Real Estate Investment Services
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