1222 E ROOSEVELT Street, Phoenix, AZ 85006
$625,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$625,000
Last Modified:
5/09/2025
Description
This is an opportunity to own a totally renovated duplex in the historic Garfield Neighbourhood. Removed with taste while keeping its historic charm. Unit 1 is a 3b 1b Main house (1,531sqf) with high ceilings, an amazing large kitchen, rooms and bathroom. Upgrades include plumbing, electric, floors, new AC split units, new quartz counters, new flooring too many to list must see it for yourself. Unit 2 is a 2b 1b (612sqf) also totally renovated, new plumbing, electric floors, etc. Huge backyard with RV gate, with a storage, ready for your creative imagination, enough space to add a Casita! Minutes walk to historic Roosevelt district of downtown with the best that downtown has to offer.
Supplements: This amazing investment opportunity is in high demand with renters both short term (Airbnb) and long term tenants. Market rents for the 3b 1b (1,531sqf) $2,500 and the 2b 1b(612sqf) is $1,700 for a total of $4,200 or move in the main house and rent the 2b1b for extra income, limitless possibilities. Be the first to claim this one, won't last, send your offers NOW!
More Information MLS# 6594868
Contract Info
Current Price: $625,000
Sold Price: $625,000
Status: Closed
List Date: 2023-08-19
Ownership: Fee Simple
Location Tax Legal
House Number: 1222
Compass: E
Street Name: ROOSEVELT
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 3454
Country: US
County Code: Maricopa
Subdivision: SEDLERS
Assessor Number: 116-23-154
Tax Year: 2022
General Property Description
Lot Size Dimensions: 60x1000
Year Built: 1924
Uncvrd Parking Spcs: 4
Total # of Units: 2
# of Buildings: 1
Zoning: MULTI-FAMILY
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Wilson Elementary School
Remarks Misc
Cross Street: ROOSEVELT & N 12TH ST
Directions: FROM ROOSEVELT & N 12TH ST EAST ON ROOSEVELT
Geo Lat: 33.458944
Geo Lon: -112.055423
Status Change Info
Status Change Date: 2023-10-06
Off Market Date: 2023-09-30
Under Contract Date: 2023-08-28
Close of Escrow Date: 2023-10-05
Sold Price: $625,000
Legal Info
Township: 1N
Range: 3E
Section: 4
Lot Number: 18
Income Expenses
Gross Annual Sch Inc: 50400
Net Operating Income: 44400
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1700
Avg SqFt: 612
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 2500
Avg SqFt: 1531
# Baths: 1
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Duplex
Construction: Block; Wood Frame
Const - Finish: Stucco; Siding
Roofing: Composition; Other
Floors: Vinyl
Sale Includes: Building(s) Only
Community Features: No Pool; Other
Appliances Included: Microwave; Washer/Dryer; Other
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking Features: Other
Owner Pays: Other
Tenant Pays: Other (See Remarks)
Source of Fincl Data: Projected Proforma
Showing Notification Methods: No Notification Required to Show
New Financing: VA; FHA; Conventional
Environmental: None
Listing Office: USELLSMART Real Estate
Last Updated: May - 09 - 2025
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