44 E Roanoke Ave
Phoenix, AZ 85004
Roanoke Terrace · Multifamily Property For Sale
·
15 Units
Property Facts
| No. Units | 15 | Building Size | 8,535 SF |
| Property Type | Multifamily | Average Occupancy | 87% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1960 |
| Building Class | C | Parking Ratio | 1.64/1,000 SF |
| Lot Size | 0.35 AC | ||
| Zoning | R-5 | ||
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 8,535 SF |
| Average Occupancy | 87% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.64/1,000 SF |
| Zoning | R-5 |
About 44 E ROANOKE AVE , PHOENIX, AZ 85004
Roanoke Terrace is a fifteen-unit apartment community with significant value-add potential in the heart of Phoenix’s Central Avenue/Innovation Corridor immediately north of downtown. Developed in 1960, the property is comprised of fifteen bi-level, studio and one-bedroom residences with a market supporting close to $2 per SF in rent for comparable renovated units and few low-to-mid-rise apartment alternatives in the area, this location makes for an attractive rehabilitation opportunity. Furthermore, residents are granted immediate access to the Central Avenue Office Corridor and downtown Phoenix, which supports upwards of 168,000 jobs across a number of prestigious companies such as Uhaul, JP Morgan Chase, Wells Fargo, Freeport-McMoRan, and Bank of America. Also, located less than one-mile northwest of the property is Park Central, Phoenix’s oldest shopping mall and the sight of a $57 million renovation. The historic mall is currently being transformed into a modern, mixed-use development with several distinct districts allowing for a work + play environment.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | $712.50 | 325 - 600 |
| 1+1 | 13 | $770.00 | 570 |
Property Taxes
| Parcel Number | 118-44-025 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $30,158 |
Property Taxes
