1007 S ROOSEVELT Street, Tempe, AZ 85281 (MLS# 6257297)

1007 S ROOSEVELT Street, Tempe, AZ 85281

$875,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $875,000 Last Modified: 5/04/2026

Overview

Description

Welcome to Three on Roosevelt. This single family 4 bedroom 2 bath and duplex both two bedroom one bath. This is a fantastic location in the heart of Tempe walking distance to ASU. The home is fully furnished and one of the two bedroom is also fully furnished. Current rents are 2,000 1,600 and 1,100. New rents will be 2500 to 2800 and 1750-1900 starting August 2021. Units have all been recently remodeling. All units have washer and dryers and separately metered for electric. All facts and figures are approximate buyer verify MLS information. Drive by only tenants are unware of sale. Broker owner.

Listing Details MLS# 6257297

Location, Tax & Legal

Map Code/Grid: R36
House Number: 1007
Compass: S
Street Name: ROOSEVELT
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 5445
Country: US
County Code: Maricopa
Subdivision: GOODWIN HOMES
Assessor Number: 124-69-104
Tax Year: 2020
Assessor's Map #: 69
Legal Description (Abbrev): LOT 2 BLOCK 8 GOODWIN HOMES MCR 000714
Assessor's Parcel #: 104
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 318900
Taxes: 2244
Legal: LOT 2 BLOCK 8 GOODWIN HOMES MCR 000714
Marketing Name: Three on Roosevelt

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: varible
Year Built: 1983
Uncvrd Parking Spcs: 6
Total # of Units: 3
# of Buildings: 3
Zoning: R-2
Elementary School District: Tempe Elementary School District
Elementary School: Tempe Academy Of International Studies McKemy Campus
Jr. High School: Tempe High School
High School: Tempe High School

Remarks Misc

Cross Street: University and Mill

Status Change Info

Off Market Date: 2021-09-24
Under Contract Date: 2021-08-20
Close of Escrow Date: 2021-09-29

Legal Info

Township: 1N
Range: 4E
Section: 21
Block: 8
Lot Number: 2

More Information

Income Expenses

Gross Annual Sch Inc: 73200
Net Operating Income: 59060

2 Bedroom Units

# 2 Bedroom Units: 2
Avg Rent: 1800
Avg SqFt: 750
# Baths: Yes

4 Bedrooms Units

# 4 Bedroom Units: Yes
Avg Rent: 2500
Avg SqFt: 1154
# Baths: 2

Sold Info

Loan Type: Other
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Project Type

Duplex: Yes
Tri-Plex: Yes

Other Type

House + Rental Units: Yes

Construction

Block: Yes

Const - Finish

Painted: Yes

Roofing

Composition: Yes

Floors

Ceramic Tile: Yes
Carpet: Yes

Sale Includes

Other (See Remarks): Yes

Income & Expenses

Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 1400
Annual Land Lse Exp: 0
Annual Landscape Exp: 1200
Annual Legal & Acctg: 0
Annual Maint Exp: 1500
Annual Mgmt Exp: 3200
Annual Trash Exp: 1200
Annual Wtr/Swr Exp: 1200
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 11944
Other Income: 0
Vacancy Allowance: 0.03
Adjusted Gross Inc: 71004
Total Monthly Rental Income: 6100

Pmt & Rate Info

Cap Rate: 5.62
Equity: 1050000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Showing Notification Methods

Email: Yes

Lockbox Type

None: Yes

Community Features

Other: Yes
See Remarks: Yes

Heating

Other: Yes
See Remarks: Yes

Cooling

Other: Yes
See Remarks: Yes

Exterior Amenities

Other (See Remarks): Yes

Interior Features

Other (See Remarks): Yes

Tenant Pays

Gas: Yes
Electricity: Yes
Cable TV: Yes

Appliances Included

Other: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Projected Proforma: Yes

Water Source

Other: Yes

Sewer

Other: Yes

Parking Features

Carport: Yes
<1 Space Per Unit: Yes
Paved: Yes

Electric

APS: Yes

Gas

SW Gas: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes

New Financing

Conventional: Yes
Other (See Remarks): Yes

Special

Owner/Agent: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Existing 2nd Loan

Other (See Remarks): Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Other (See Remarks): Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

Other (See Remarks): Yes

Existing Othr Ln Trm

Not Applicable: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: Duplex; Tri-Plex Other Type: House + Rental Units Construction: Block Const - Finish: Painted Roofing: Composition Floors: Ceramic Tile; Carpet Sale Includes: Other (See Remarks) Community Features: Other; See Remarks Exterior Amenities: Other (See Remarks) Interior Features: Other (See Remarks) Appliances Included: Other Heating: Other; See Remarks Cooling: Other; See Remarks Water Source: Other Sewer: Other Electric: APS Gas: SW Gas Parking Features: Carport; <1 Space Per Unit; Paved Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Gas; Cable TV Source of Fincl Data: Projected Proforma Special: Owner/Agent Showing Notification Methods: Email Lockbox Type: None Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Other (See Remarks) Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Other (See Remarks) Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Conventional; Other (See Remarks) Environmental: Other (See Remarks)

Listing Office: Grace CRE

Last Updated: May - 04 - 2026