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675 S Roosevelt Street - Oleander Lofts, Tempe, AZ

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675 S Roosevelt Street - Oleander Lofts

Tempe, AZ 85281-3570 - Riverside MF Submarket

(3.1 MB)

Property Type:Multi-Family Number of Units:12 Status:Existing Year Built:2012
Stories:- Building Size:18,934 SF Land Area:-
For Sale Price:$5,650,000 Price/Unit:$470,833.33 Cap Rate:4.00 % GRM:-


Sale Notes:
675 South Roosevelt (the “Property”) is a 12-unit multifamily property located at 675 South Roosevelt Street in Tempe, Arizona. This unique urban condo development is located in an up and coming area of Tempe. This highly desirable location is within walking distance to Arizona State University, public transportation, and Downtown Tempe.

675 South Roosevelt consists of 12 contemporary, 2 bedroom condos, which feature concrete flooring, 10-foot exposed industrial ceilings, updated kitchens and private attached garages. Each unit features Caesarstone countertops, a full-size pantry, and modern black appliances. The units are enhanced with private balconies that offer scenic views and added space for entertaining or relaxing. The unique garage doors provide added value and space by combining indoor and outdoor areas. The units are improved with Euro style cabinets, washer/dryer units, bamboo staircases, and frosted glass entry doors. The units are cable and internet ready. The Property was designed by renowned Vincent/Goldstein and built in 2009 by ARCbilt development. The improvements are of concrete block and steel construction. Additional amenities include elevator service, secured hallways, a BBQ area, and a pet run.

The Property has an excellent location in a highly desirable area within walking distance to parks, schools, restaurants, and more. In addition to amenities the area is rich with employment opportunities, providing residents with the luxury of “working and living” in a centrally located area.

Lee & Associates
Todd Braun
(602) 474-9550

Bryson Fricke
(602) 956-7777

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