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834 N 13th Ave
Phoenix, AZ 85007
The Michelle on Roosevelt · Multifamily Property For Sale
·
24 Units
Investment Highlights
- Dynamic Downtown Phoenix Location with Proximity to Core Employment Corridors
- Majority Two-Bedroom Floor Plans that Average 800 Square Feet and Oversized Private Patios on First Floor Units
- Excellent Nearby Amenities including Park Central Mall and Downtown Phoenix
- Extensively Renovated Community with an Attractive Mid-Century Design and Best-in-Class Finish Levels
- 97% Occupied
Executive Summary
JLL is pleased to introduce The Michelle on Roosevelt, a 24-unit extensively renovated, low-maintenance apartment community situated in a highly desirable Downtown Phoenix location. Featuring striking midcentury design elements, The Michelle demonstrates strong pride of ownership with best-in-class finishes throughout. Recent renovations include white shaker cabinetry with brushed-nickel hardware, quartz countertops, vinyl plank flooring, stainless steel appliances with gas ranges, built-in microwaves, in suite washers and dryers, and oversized private patios for ground-floor units. The property is comprised of spacious floor plans, with 67% two-bedroom units averaging 800 square feet.
The Michelle on Roosevelt is strategically positioned within Downtown Phoenix, a core submarket providing residents with direct access to the Valley’s primary economic and cultural centers. Residents benefit from proximity to the Downtown and Midtown employment corridors, which host over 90,000 employees, as well as premier entertainment venues like Chase Field and Footprint Center, cultural institutions such as the Phoenix Art Museum, and the rapidly expanding Phoenix Medical Quarter. Positioned with excellent connectivity via the nearby I-10 freeway and Valley Metro Light Rail, The Michelle represents a compelling investment opportunity to acquire a fully renovated asset in a high-demand urban submarket with strong fundamentals and future rental growth potential.
The Michelle on Roosevelt is strategically positioned within Downtown Phoenix, a core submarket providing residents with direct access to the Valley’s primary economic and cultural centers. Residents benefit from proximity to the Downtown and Midtown employment corridors, which host over 90,000 employees, as well as premier entertainment venues like Chase Field and Footprint Center, cultural institutions such as the Phoenix Art Museum, and the rapidly expanding Phoenix Medical Quarter. Positioned with excellent connectivity via the nearby I-10 freeway and Valley Metro Light Rail, The Michelle represents a compelling investment opportunity to acquire a fully renovated asset in a high-demand urban submarket with strong fundamentals and future rental growth potential.
Property Facts
| Price Per Unit | $220,833 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.53 AC |
| No. Units | 24 | Building Size | 16,400 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1961/2021 |
| Apartment Style | Garden | Parking Ratio | 2.13/1,000 SF |
| Price Per Unit | $220,833 |
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.53 AC |
| Building Size | 16,400 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1961/2021 |
| Parking Ratio | 2.13/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | $995.00 | 450 |
| 2+1 | 16 | $1,295 | 800 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $9,407 | Total Assessment | $71,097 |
Property Taxes
Parcel Numbers
Land Assessment
$9,407
Improvements Assessment
$0
Total Assessment
$71,097
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