1406 E Roosevelt Street, Phoenix, AZ 85006
- $1,000,000
- Sold Price
- $1,000,000
- List Price
- $1,000,000
- Closing Date
- Sep 12, 2025
- Days on Market
- 11
- Status
- CLOSED
- MLS#
- 6918779
- City
- Phoenix
- Subdivision
- La Tourrette Place
- Year Built
- 1964
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.
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Additional Information
- School District
- Phoenix Union High School District
- Community Features
- No Pool
- Construction
- Brick
- Cooling
- Heat Pump
- Electric
- Individual Meter
- Flooring
- Carpet, Vinyl
- Heating
- Electric
- New Financing
- Conventional, FHA, VA Loan
- Parking Features
- 1 Space/Unit
- Roofing
- Composition
- Sewer
- Public Sewer
- Subdivision
- La Tourrette Place
- Taxes
- $1,236
- Tax Year
- 2024
- Units
- 4
- Water
- City Franchise
Courtesy of Matthews Real Estate Investment Services. 310-388-0788 Selling Office: Matthews Real Estate Investment Services.
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