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    2316 E Roosevelt Street

    Phoenix, AZ 85006
    • $1,795,000
    • STATUS: Pending
    • ON SITE: 32 days
    • MLS #: 6123105
    Pending
    UPDATED: 66 min ago
    $1,795,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1949
    County:
    Area:

    School Ratings & Info

    Description

    The Franklin is a 14-unit boutique apartment community located near the intersection of 24th Street & Roosevelt on the east side of Downtown Phoenix. Situated within the Gateway employment corridor, key employers include FedEx, Honeywell, JP Morgan Chase,Bank of America, Gateway Community college, Waste Management,Southwest Airlines, American Airlines and more. Additionally, just0.5 miles to the east is Valley wise Health and Medical center and Maricopa Integrated Health employing roughly 3,000 people.Developed in 1944, The Franklin is comprised of 3 one-bedroom floor-plans, and 11 two-bedroom floor-plans giving the property an attractive 79% two-bedroom unit mix. In 2020 Current ownership has replaced all roofs, windows, most upper and lower cabinets, and replaced old evaporative cool

    Monthly Payment Calculator



    © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Maison DeBlanc Real Estate. Data last updated 2020-09-28T14:13:22.133.
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    2316 E Roosevelt Street Phoenix, AZ 85006

    • Price: $1,795,000
    • Status: Pending
    • Updated: 66 min ago
    • MLS #: 6123105
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1949
    Built
    County:
    Maricopa
    Area:
    Phoenix
    School District:
    014 - Creighton Elementary District
    Property Description
    The Franklin is a 14-unit boutique apartment community located near the intersection of 24th Street & Roosevelt on the east side of Downtown Phoenix. Situated within the Gateway employment corridor, key employers include FedEx, Honeywell, JP Morgan Chase,Bank of America, Gateway Community college, Waste Management,Southwest Airlines, American Airlines and more. Additionally, just0.5 miles to the east is Valley wise Health and Medical center and Maricopa Integrated Health employing roughly 3,000 people.Developed in 1944, The Franklin is comprised of 3 one-bedroom floor-plans, and 11 two-bedroom floor-plans giving the property an attractive 79% two-bedroom unit mix. In 2020 Current ownership has replaced all roofs, windows, most upper and lower cabinets, and replaced old evaporative cool
    Exterior Features

    Construction Block Construction Finish Stucco Covered Parking Spaces 0.00 Exterior Amenities Desert Landscaping Lot Size Dimensions 297X155 Parking <1 Space Per Unit Roads Asphalt Roofing Comp Shingle

    Interior Features

    1 Bedroom Unit Avg Sq Ft 650 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 750 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included Other (See Remarks) Cooling IndividualWindow/Wall Unit Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Vinyl/Composition Heating Individual

    Property Features

    1 Bedroom Unit Avg Rent 800.00 1 Bedroom Units 3 2 Bedroom Unit Avg Rent 948.00 2 Bedroom Units 11 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 160361.18 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 3150.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 1750.00 Annual Maint Exp 7000.00 Annual Mgmt Exp 9695.00 Annual Other Expense 3150.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 3500.00 Annual Trash Exp 2450.00 Annual Wtr Swr Exp 12600.00 Community Amenities Other (See Remarks) Cross Street 24th Street & Roosevelt Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric ApsIndividual Meter Gas Individual MeterSw Gas Gross Annual Sch Inc 168377.00 Hoa YN No Net Operating Income 115018.00 New Financing Conventional Operating Exp 46566.00 Other Income 2220.00 Owner Pays SewerTrash CollectionWater Project Type 13 - 24 Units Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Projected Proforma Tax Municipality Phoenix Taxes 3271.00 Tenant Pays ElectricGas Vacancy Allowance 0.06 Water City FranchiseMaster Meter Zoning R-5 & C-1

    Listing courtesy of Platinum Living Realty.


    © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Maison DeBlanc Real Estate. Data last updated 2020-09-28T14:13:22.133.
     
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    Scottsdale AZ, 85260