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1425 E Roosevelt St 4 Unit Apartment Building $799,000 ($199,750/Unit) Phoenix, AZ 85006
Executive Summary
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.
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.
Property Facts
| Price | $799,000 | Apartment Style | Garden |
| Price Per Unit | $199,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Sale Condition | 1031 Exchange | Building Size | 2,400 SF |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1946/2022 |
| Property Subtype | Apartment | Parking Ratio | 3.33/1,000 SF |
| Zoning | M-H - Multiple Family Residence (Detached SF 5 To 6.5 Or 12 W/Bonus) (Attached 43.5 To 45.68 Or 52.2 W/Bonus)100% Structure | ||
| Price | $799,000 |
| Price Per Unit | $199,750 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 2,400 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1946/2022 |
| Parking Ratio | 3.33/1,000 SF |
| Zoning | M-H - Multiple Family Residence (Detached SF 5 To 6.5 Or 12 W/Bonus) (Attached 43.5 To 45.68 Or 52.2 W/Bonus)100% Structure |
Amenities
Unit Amenities
- Refrigerator
- Oven
- Range
- Yard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 375 |
| 1+1 | 1 | - | 535 - 800 |
| 2+1 | 2 | - | 650 |
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 116-19-121 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $5,798 |
Property Taxes
Parcel Number
116-19-121
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$5,798
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1425 E Roosevelt St
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