314 W Roosevelt St Immeuble residentiel 12 lots 2 718 122 € (226 510 €/Lot) Phoenix, AZ 85003

ABI Multifamily’s Private Apartment Team is pleased to announce the exclusive availability of 314 West Roosevelt Street, a 12-unit apartment community located in the heart of Roosevelt Row in Phoenix, AZ. With the Roosevelt & Central light rail station only 3 blocks east and the I-10 Freeway only a few blocks northwest, residents are sure to enjoy the immediate accessibility of the property. This community is located in a prime location, just steps away from some of the best dining, shopping, and entertainment options that Downtown Phoenix has to offer. Whether you’re looking to explore local galleries and museums, catch a live show, or grab a bite to eat at one of the many trendy restaurants, this location has everything you need right at your fingertips. Additionally, residents will have “front row access” to First Friday, a monthly festival that occurs on the first Friday of every month where local artists, restaurants, and talent showcase their crafts. When you account for the historical significance of the property along with the location, this is an opportunity that is truly seldomly seen.
314 West Roosevelt Street was originally constructed in 1913, while the bones of the property were modernized in the mid 1990’s. This modernization included all new plumbing and sewer lines, electrical (including in-unit sub panels), all new roof trusses, and more. The property consists of 100% 1-bedroom / 1-bathroom units with 3 different floor plans averaging approximately 650 SF per unit. The community features an on-site laundry facility, plenty of parking, mature palm trees, a community terrace, and a variety of additional storage space. 314 West Roosevelt Street is a rare opportunity that features a double lot as the property sits on half an acre and has the ability to build additional units. The interior finishes are in clean value-add condition with long term tenants in place while 6 of the units still have the original maple hardwood floors. The air conditioning units have been replaced as necessary with 6 of 12 being newer, the roof was replaced in 2011, and the exterior was upgraded with sand-finish stucco and paint in 2016. Most recently, the water heater was replaced in September 2023. The property is located within the Roosevelt Historic District and has been referenced in the local press numerous times throughout the years, most notably as being one of the first apartment buildings to be constructed in Downtown Phoenix. The purchaser of 314 West Roosevelt Street will appreciate the historic charm that can be felt throughout the property and surrounding neighborhood, in this rare opportunity to own a piece of Arizona history.
Please do not disturb tenants, drive-by only.