1009 N 1st St Immeuble residentiel 8 lots 1 405 801 € (175 725 €/Lot) Taux de capitalisation 5,41 % Phoenix, AZ 85004

Located within the highest demand rental submarket in metro Phoenix, the Roosevelt Row Arts District, 8 on Roosevelt Row provides an extremely rare opportunity to purchase a newly renovated boutique Mid-Century Modern community located in the most popular and fastest growing neighborhood in Downtown Phoenix. Located just north of Roosevelt Ave, 8 on Roosevelt Row provides an appealing low-density alternative to the podium and high-rise communities typically found in dynamic urban locations. It’s turn-of-century charm (original entrance with ornate concrete Pilasters, Crosshead and Pediment, floating Parisian 2nd story walk out patios, restored all original hardwood floors, etc.) that has been thoughtfully preserved throughout the renovation process truly sets 8 on Roosevelt Row apart from the competition, significantly increasing both resident retention and attraction. As the cost of land, labor and materials has skyrocketed, 8 on Roosevelt Row presents the opportunity to purchase a unique community that is fortified from future competition due to the ever-increasing high barrier to entry location.

Resident attraction and retention are further bolstered by the more than 150,000 employees, 20 million SF of office space and $5 billion in recent investments to the submarket. These investments include the 13,000 student Arizona State University Downtown Campus, home to some of the nation’s top-rated undergraduate degree programs, and the cutting-edge University of Arizona Medical School. Additionally, the 30-acre Phoenix Biomedical Campus, located within walking distance, is host to the regions highest concentration of research scientists and complementary research professionals working in 4.5M SF of space, providing over 7,000 high salary jobs and an economic impact of $3.1 Billion by 2025.

8 on Roosevelt Row provides the rare opportunity to purchase a renovated, boutique community with turn-of-century charm located within the highest demand and highest barrier to entry submarket in Metro Phoenix that is surrounded by dense, high-pay employment and one of the nation’s best Arts Districts.


Current ownership has made several recent strategic capital improvements to include the following:

• Dual Pane Anodized Aluminum Frame Thermal Break Windows
• Copper Supply Plumbing
• ABS Sewer Lines
• Full Masonry Restoration
• Restoration of Original Fascia, Soffits & Corbels
• White Shaker Kitchen Cabinets
• Butcher Block Countertops
• Stainless steel Appliances
• Faux Carrera Marble Tile Shower Surround
• Faux Carrera Marble Tile Backsplash
• Restoration & Refinish of All Original Wood Flooring
• New Exterior Entrance and Patio Doors
• Covered Parking
• Roof Recoat
• Modern Wrought Iron Suspended Balconies
• Modern Wrought Iron Property Line Fencing

8 on Roosevelt Row is a boutique pride of ownership community with tremendous curb appeal and is located in the hottest and highest demand rental neighborhood in Metro Phoenix - the Roosevelt Row Arts District. The property represents the rare opportunity to purchase a property in Roosevelt Row as few come available to market. Here are some unique details of this community:

• Mid-Century Modern with Classic Style Brick Exterior
• Stunning Original Entrance with Ornate Concrete Pilasters, Crosshead and Pediment
• Floating 2nd Story Walk-Out Parisian Patios
• Expertly Restored All Original Hardwood Floors
• Stained Glass Accents Throughout
• Vintage Original Door Buzzer for Each Unit
• Community Rooftop Skydeck Facing Roosevelt Row and Downtown City Lights
• Large Community Space with Picnic Tables and Community Garden
• 400 SF Basement – Repurpose to Package Room, Tenant Storage, Yoga Facility, Etc.
• Attractive New Desert Landscaping with Flower Bushes and Cactus Throughout