$3,095,000

314 W Roosevelt St Phoenix, AZ 85003

Downtown Phoenix Neighborhood

Estimated payment $17,937/month

Total Views 4,289
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Wood Flooring
  • Central Air
  • 3-minute walk to Roosevelt Mini Park
  • Phoenix Coding Academy Rated A
  • Individual Controls for Heating

About This Home

314 West Roosevelt Street is situated in the heart of Roosevelt Row and consists of a historic 12-unit apartment community, it offers immediate access to all of the trendy dining, shopping, and entertainment options that DTP has to offer. Being just steps from the Roosevelt & Central light rail and I-10 Freeway, transportation is a breeze. Built in 1913 and modernized in the mid-1990s (new plumbing, electrical, roof trusses and more), the charming interiors are clean but do offer upside through renovation. The property includes (12) 1-Bed / 1-Bath units (~650 SF avg), on-site laundry, parking, mature palms, community terrace, and expansion potential on its rare half-acre double lot. This is an opportunity to acquire a true piece of Arizona history! PLEASE DO NOT DISTURB TENANTS!

Listing Agent

Carson Griesemer

ABI Multifamily License #SA686764000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,961

Year Built

  • Built in 1924

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Wood Flooring

Parking

  • 20 Open Parking Spaces
  • 20 Parking Spaces
  • On-Street Parking

Utilities

  • Central Air
  • Individual Controls for Heating

Listing and Financial Details

  • The owner pays for gas, trash collection, water, sewer, landscaping
  • Tax Lot 7
  • Assessor Parcel Number 111-32-026

Community Details

Overview

  • 12 Units
  • Building Dimensions are 149ft x 146ft
  • Kenilworth Blks 7 14 Subdivision

Building Details

  • Operating Expense $7,961
  • Gross Income $207,936
  • Net Operating Income $154,606

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,961

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: DTC-S-ROO
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1924
  • Tax Year: 2024
  • Road Surface Type: Asphalt, Concrete
  • Subdivision Name: KENILWORTH BLKS 7-14
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Appliances: Other (See Remarks), BI Oven/Range
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Other (See Remarks)56: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Painted, Stucco, Block, Brick
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved Parking, Add'l Parking Avail, >1 Space Per Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 20.0
  • Total Parking Spaces: 20.0
  • General Property Description:Uncvrd Parking Spcs: 20.0
  • General Property Description:Total Parking Spcs: 20.0
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: APS
  • Cooling: Individual, Central A/C
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Other (See Remarks)51: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 149ft x 146ft
  • Additional Parcels: No
  • Parcel #: 111-32-026

Multi Family

  • Owner Pays: Gas, Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 12
  • Annual Gross Income: 207936.0
  • Property Net Operating Income: 154606.0
  • Annual Operating Expense: 7961.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 7961.0
  • Tax Book Number: 111.00
  • Tax Lot: 7

Map

Range of Values:

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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
02/25/2025 02/25/25 For Sale $3,095,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6826035

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Maricopa County Phoenix 85003 Downtown Phoenix

314 W Roosevelt St, Phoenix, AZ

Homes for Sale in Phoenix, AZ

This home is located at 314 W Roosevelt St, Phoenix, AZ 85003 and is currently priced at $3,095,000. This property was built in 1924. 314 W Roosevelt St is a home located in Maricopa County with nearby schools including Kenilworth Elementary School, Phoenix Coding Academy, and Central High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

Carson Griesemer
Listing Agent
Carson Griesemer
Section Image
ABI Multifamily
(602) 714-1400