Phoenix, Arizona Roosevelt Apartments is a seven-unit garden-style apartment community located just outside of Downtown Phoenix. The unit mix consists of five...
Apartment Building - Roosevelt Apartments
Status: Price: Bldg. Size: Units: Cap Rate: Primary Type: Sub-Type:
Active $410,000 13,158 SF 23 7.79% Multifamily Garden/Low-Rise
Highlights
Individually Metered for Electricity
Strong Occupancy History
Excellent Drive-By Visibility Along Roosevelt Street
Low Maintenance Asset
Recent Capital Improvements Including Ceramic Tile Flooring, New Cabinets, New Dual Pane Windows and Front Doors
Description
Roosevelt Apartments is a seven-unit garden-style apartment community located just outside of Downtown Phoenix. The unit mix consists of five studios and two one bedroom/one bathroom units. Built in 1978, Roosevelt Apartments is made of wood frame with pitched roofs and is individually metered for electricity. The property has had many recent capital improvements including ceramic tile flooring, new cabinets, new dual pane windows and front doors. The property has a history of strong occupancy with many long term tenants.
The heart of Downtown Phoenix is immediately south of the property, providing residents with access to an abundance of employment and recreational opportunities. Chase Field, Civic Plaza, US Airways Center, Dodge Theatre, The Arizona Science Center and ASU's Downtown Campus are all within minutes of the property.
Roosevelt Apartments is a low maintenance property that provides an investor with an opportunity to acquire a performing, stabilized asset for $16,428 per unit.
DO NOT DISTURB TENANTS OR ON-SITE PERSONNEL. PLEASE SCHEDULE ALL PROPERTY TOURS WITH LISTING AGENTS.
