2223 E ROOSEVELT Street, Phoenix, AZ 85006
New Listing
$1,200,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$1,200,000
List Date:
5/06/2025
Last Modified:
5/07/2025
Description
Welcome to Three at Bumbalow - A Rare Triplex Investment in the Heart of Central Phoenix!
Three at Bumbalow presents a unique opportunity to own a recently upgraded triplex in one of Phoenix's most sought-after and rapidly developing neighborhoods.
Ideally located near downtown, major freeways, and light rail access, this property is perfect for investors seeking strong rental income or owner-occupants looking to live in one unit while renting out the others.
This well-maintained property was renovated in 2023 and features three individual units:
Two units with 2 bedrooms and 1 bathroom each, and
One larger unit with 3 bedrooms and 2 bathrooms.
Each unit has its own private entrance and offers a functional floor plan designed for comfortable living.
Supplements: A nice side yard adds outdoor space and potential for further enhancements, such as communal gathering areas or added amenities. Each unit is equipped with washer and dryer hookups. All the washers, dryers, and refrigerators are included in the sale and convey. The property is currently self-managed, which keeps operating costs low. This triplex is perfect for both seasoned investors and first-time multifamily buyers looking to enter the market with a well-located, income-producing asset. The units are currently rented at $2,863, $1,584, and $1,985 per month, respectively. Whether you're looking to expand your real estate portfolio, complete a 1031 exchange, or live in one unit while earning passive income from the others, Three at Bumbalow offers flexibility, stability, and upside in a prime Central Phoenix location.
More Information MLS# 6859452
Contract Info
Current Price: $1,200,000
List Price: $1,200,000
Status: Active
List Date: 2025-04-30
Ownership: Fee Simple
Location Tax Legal
House Number: 2223
Compass: E
Street Name: ROOSEVELT
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 4220
Country: US
County Code: Maricopa
Subdivision: BUMBALOW HEIGHTS BLK 1
Assessor Number: 116-03-013
Tax Year: 2024
General Property Description
Lot Size Dimensions: IRR
Year Built: 1952
Uncvrd Parking Spcs: 4
Total # of Units: 3
# of Buildings: 1
Zoning: R-5
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Elementary School: Excelencia School
Jr. High School: Excelencia School
High School: North High School
Remarks Misc
Cross Street: 24TH STREET & ROOSEVELT
Directions: EAST ON ROOSEVELT ST.. PROPERTY ON THE SOUTH SIDE.
Geo Lat: 33.458354
Geo Lon: -112.033574
Status Change Info
Status Change Date: 2025-05-06
Legal Info
Township: 1N
Range: 3E
Section: 3
Block: 2
Lot Number: 1
Income Expenses
Gross Annual Sch Inc: 77184
Net Operating Income: 69696
Showing Notification Methods
Showing Service: No Showing Service Used
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1785
Avg SqFt: 800
# Baths: 2
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 2863
Avg SqFt: 950
# Baths: 2
Property Features
Project Type: Tri-Plex
Other Type: Packaged Offering
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Ceramic Tile; Other
Sale Includes: Building(s) Only
Community Features: No Pool
Appliances Included: Free-Standing Range; Refrigerator; Washer/Dryer; W/D Hookup
Cooling: Ceiling Fan(s); Electric
Water Source: City Franchise; See Remarks
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking Features: Free
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Gas
Source of Fincl Data: Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Cash; Conventional; 1031 Exchange
Environmental: None
Listing Office: West USA Realty
Last Updated: May - 07 - 2025
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.