1425 E Roosevelt St - Apartments FOR SALE


Phoenix, AZ 85006- Garfield
$820,000 USD
602-714-8994
1425 E Roosevelt St, Phoenix, AZ for Sale
$820,000 USD
Apartments - FOR SALE
1/24
null | Request Cap Rate

1425 E Roosevelt St
Phoenix, AZ 85006
Garfield


OVERVIEW

Four-unit income property with in-place rents of $61,287 annually and low operating expenses. The unit mix of (1) studio, (1) 1BD/1BA, and (2) 2BD/1BA was comprehensively updated to modern standards throughout: new flooring, cabinetry, countertops, walk-in showers, and stainless steel appliances. The studio was taken down to the studs and completely rebuilt, making this the rare turnkey asset with no deferred maintenance and a long capital expenditure runway across all four units. All units are individually metered for electricity, water, and gas — keeping operating costs exceptionally low and NOI clean. For the VA or FHA buyer: this property qualifies for owner-occupied financing on up to 4 units. Occupy the studio while your three tenants cover your mortgage. With VA financing, you're in with minimal cash out of pocket and effectively living rent-free in one of Phoenix's most walkable, in-demand urban corridors — minutes from Downtown, dining, and employment. For the investor: turnkey acquisition, strong cap rate, no renovation pipeline, individually metered utilities. Rent roll and financials available upon request. Please do not disturb tenants unless you have an appointment scheduled.

FOR SALE DETAILS

PRICE

$820,000 USD

PRICE/SF

$342 USD /SF

# OF UNITS

4

PRICE/UNIT

$205,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,765 SF

ZONING

M-H

APN/PARCEL ID

116-19-121

ASK ABOUT THIS PROPERTY

Andrew ArambulaABI MultifamilyMore Info
602-714-8994

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Andrew ArambulaABI MultifamilyMore Info
602-714-8994

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.