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Sold on 12/26/2023

2316 E Roosevelt St, Phoenix, AZ 85006

  • $1,900,000

    Last sold 12/26/2023 after 116 Days

  • 24

    bed

  • 14

    bath

Multi-family not for sale
80 homes bought nearby with Movoto recently

About 2316 E Roosevelt St

Property type Multi-family
Neighborhood
Year built 1949
HOA fee $0/month
Property description
Great 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.
Listed by
Listing Agent - Daniel Schaffler
Listing Office - Compass
Source: ARMLS mls logo
MLS#6599818 • last updated 1 year ago
Movoto checked ARMLS for data 10 minutes ago
Overview
Cooling/AC Ceiling Fan(s), Evaporative Cooling, Window/Wall Unit, Individual
Heating Individual
MLS # 6599818
Type Multiple Dwellings
Status Closed
Property Tax 3266
Year Built 1949
Interior
Flooring Vinyl
Appliances Free-Standing Range, Other, Refrigerator
Exterior
Roof Composition
Construction Stucco, Block
Parking <1 Space Per Unit
# of Open Parking Spaces 32
Amenities / Utilities
Water Source Master Meter, City Franchise
Sewer/Septic Sewer-In & Connected, Public Sewer
Location
Subdivision The Franklin
Community Features No Pool
Elementary School District Creighton Elementary District
High School District Phoenix Union High School District
APN 116-04-114-C
Zoning R-5 & C-1
Directions Use GPS
Multifamily Details
Total # of Units 14
Expense: Operating 46181
Financial Data Source Owner
Expense: Maintenance 6000
Vacancy Allowance 0.05
Expense: Insurance 3000
Net Operating Income 118100
Gross Income 155800
Expense: Electric 550
Expense: Fuel 1100
Expense: Trash 5000
Expense: Professional Management 11550
Expense: Water/Sewer 5730
Gross Scheduled Income 162000
Expense: Gardener 4485
We are not permitted to show value estimates for this property.
  • Dec 2023
    mls logo MLS # 6599818
  • Dec 26, 2023 Sold
    $1,900,000
  • Oct 12, 2023 Pending
    —
  • Sep 22, 2023 Active
    —
  • Sep 19, 2023 Price Change
    $2,200,000 (-1.8%)
  • Sep 13, 2023 Listed
    —
  • Sep 5, 2023 Active
    —
  • Sep 1, 2023 Listed
    $2,240,000 (+37.8%)
  • Dec 2023
    Public Records
  • Dec 26, 2023 Sold
    $1,900,000 (-13.6%)
  • Oct 2020
    Public Records
  • Oct 13, 2020 Sold
    $1,625,000
  • Oct 2020
    mls logo MLS # 6123105
  • Oct 13, 2020 Sold
    $1,625,000 (-9.5%)
  • Sep 18, 2020 Pending
    —
  • Aug 26, 2020 Listed
    $1,795,000 (+72.6%)
  • Sep 2019
    Public Records
  • Sep 9, 2019 Sold
    $1,040,000
  • 2316 E Roosevelt St
    $1.9M
  • Central City
    $445K
  • 85006
    $489K -5% y/y
  • Phoenix
    $465K -2% y/y
No chart available
Statistics calculated by Movoto

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2/10
Excelencia School
public Grades K-8
Creighton Elementary District
2/10
Camelback High School
public Grades 9-12
Phoenix Union High School District
8/10
Phoenix Coding Academy
public Grades 9-12
Phoenix Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • AZ
  • Maricopa County
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  • 2316 E Roosevelt St
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