$925,000
SOLD JAN 8, 2025
-- Bed
-- Bath
700 Sq Ft
7,492 Sq Ft Lot

Recently Sold

$1,321 Per Sq Ft

9% Below List Price

40 Days on Market

Highlights

  • Cooling Available
  • Heating unit installed on the ceiling
  • Vinyl Flooring
  • Phoenix Coding Academy Rated A

About This Home

As of January 2025

1545 W Roosevelt St consists of six multifamily buildings and has a total of 12 multifamily units (100% vacant - 1 bed / 1 bath), known as the Roosevelt Bungalows. The property is bank owned and in need of repairs, making it perfect for value-add investors looking for a medium sized multifamily property to fix up and put their touches on. The location being situated just west of Downtown Phoenix near the intersection of Grand Ave & Roosevelt St, places it in an area rich with history, restaurants, social hubs, and retail. Please contact broker for additional details.

Last Agent to Sell the Property

Beth Jo Zeitzer

R.O.I. Properties License #BR044331000

Co-Listed By

Jake Vice

R.O.I. Properties License #SA697209000

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,514

Year Built

  • Built in 1937

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 12 Open Parking Spaces
  • 12 Parking Spaces

Utilities

  • Cooling Available
  • Heating unit installed on the ceiling

Additional Features

  • Vinyl Flooring
  • Additional Parcels

Community Details

  • 6 Buildings
  • 12 Units
  • Building Dimensions are 98.23x146.68x97.97x148.84
  • Homestead Place Subdivision

Listing and Financial Details

  • Tax Lot 7,8
  • Assessor Parcel Number 111-25-001-A

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,514

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Cross Street: 16th Ave & Roosevelt
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 6
  • Ownership: Fee Simple
  • Year Built: 1937
  • Tax Year: 2024
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: roip01
  • Co List Office Phone: 602-319-1326
  • Subdivision Name: HOMESTEAD PLACE
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 12.0
  • Total Parking Spaces: 12.0
  • General Property Description:Uncvrd Parking Spcs: 12.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS, Master Meter
  • Cooling: Individual
  • Heating: Ceiling
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Ceiling: Yes
  • Electric Master Meter: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 98.23x146.68x97.97x148.84
  • Additional Parcels: Yes
  • Parcel #: 111-25-001-A

Multi Family

  • Owner Pays: See Remarks
  • Tenant Pays: See Remarks
  • Number Of Units Total: 12

Tax Info

  • Tax Book Number: 111.00
  • Tax Lot: 7,8

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/08/2025 01/08/25 Sold $925,000 -9.3% $1,321 / Sq Ft
12/03/2024 12/03/24 Pending -- -- --
10/24/2024 10/24/24 For Sale $1,020,000 +46.8% $1,457 / Sq Ft
10/22/2020 10/22/20 Sold $695,000 -4.1% $993 / Sq Ft
09/22/2020 09/22/20 Pending -- -- --
09/08/2020 09/08/20 For Sale $725,000 -- $1,036 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,514 $11,325 -- --
2024 $1,500 $10,785 -- --
2023 $1,500 $21,370 $10,300 $11,070
2022 $1,447 $16,200 $6,310 $9,890
2021 $1,436 $15,010 $5,310 $9,700
2020 $1,452 $14,110 $4,500 $9,610
2019 $1,450 $12,450 $3,300 $9,150
2018 $1,425 $11,280 $1,940 $9,340
2017 $1,392 $7,740 $1,690 $6,050
2016 $1,352 $7,300 $1,530 $5,770
2015 $1,281 $7,920 $1,530 $6,390
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $506,250 New Conventional
Previous Owner $290,000 New Conventional
Previous Owner $133,380 Commercial
Previous Owner $367,900 Commercial
Previous Owner $121,000 Unknown
Previous Owner $189,120 Purchase Money Mortgage
Source: Public Records

Deed History

Date Type Sale Price Title Company
Special Warranty Deed $925,000 Landmark Title
Special Warranty Deed $925,000 Landmark Title
Trustee Deed $756,000 None Listed On Document
Warranty Deed $695,000 Thomas Title And Escrow
Warranty Deed $320,000 Chicago Title Agency
Warranty Deed $155,000 Stewart Title & Trust Of Pho
Warranty Deed $120,000 Stewart Title & Trust Of Pho
Warranty Deed $143,000 Stewart Title & Trust Of Pho
Warranty Deed $110,000 Stewart Title Guaranty Co
Warranty Deed $90,000 Stewart Title & Trust Of Pho
Warranty Deed $459,000 Capital Title Agency Inc
Warranty Deed -- Capital Title Agency Inc
Warranty Deed $150,001 Security Title Agency
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6775516

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-25-001A