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1614 E Roma Ave 2 Unit Apartment Building Offered at $545,000 at a 8.07% Cap Rate Phoenix, AZ 85016
Investment Highlights
- Darling historic tudor home with casita
- Plenty of parking and private drive/ parking off the casita
- Abundant natural light
- Extra large casita with two storage rooms plus a shed
Executive Summary
Outstanding opportunity to acquire a single-family home plus a large guest house—offering multiple income streams, ideal multi-generational living, or the perfect configuration for an owner-occupant who wants additional space for a home office or guest suite. The main home retains its historic turn-of-the-century charm while featuring key updates: a beautifully updated kitchen, original hardwood floors, a spacious layout, three sizeable bedrooms, and two lovely bathrooms. The hall bath has a deep claw foot tub adding to the historic charm. The guest house (casita) includes a full kitchen and ample entertainment space, making it an excellent rental unit or extended-family option. This versatile property is perfectly located near downtown, uptown, shopping, freeways and more.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$3,700
|
$1.73
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$3,700
|
$1.73
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $3,700 |
| Annual Per SF | $1.73 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $3,700 |
| Annual Per SF | $1.73 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Fireplace
- Storage Space
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Yard
- Attic
- Breakfast Nook
- Dining Room
- Family Room
- Island Kitchen
- Porch
- Workshop
- Quartz Countertops
Site Amenities
- Public Transportation
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $2,200 | 1,325 |
| Studios | 2 | $1,500 | 809 |
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 163-27-017 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $18,280 |
Property Taxes
Parcel Number
163-27-017
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$18,280
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1614 E Roma Ave
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