1208 S ROOSEVELT Street REAR, Tempe, AZ 85281 (MLS# 6165775)

1208 S ROOSEVELT Street REAR, Tempe, AZ 85281

$550,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $550,000 Last Modified: 5/04/2026

Overview

Description

Welcome to College Homes on Roosevelt. These homes are walking distant to Mill and ASU campus! Property is in a nice residential neighborhood. The main house has 4 bedroom 2 bath home about 1423 square feet. The second home is a 3 bedroom 1 bath about 744 square feet. Brand new roof, paint, carpet, and wood floors. Brand new doors and some new windows. Kitchens have been updated. Both homes have washer and dryers and it is fully occupied. Currently rented for $3,200.00 to one tenant. Separately metered for electric, and gas. One meter for water and trash. Current tenant pays for all utilities including and landscaping plus rental tax. 6% cap on current numbers. All facts and figures are approximate buyer verify MLS information. Please drive by only tenants are unaware of the sale.

Listing Details MLS# 6165775

Location, Tax & Legal

Map Code/Grid: R36
House Number: 1208
Compass: S
Street Name: ROOSEVELT
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 5474
Country: US
County Code: Maricopa
Subdivision: STATE COLLEGE HOMES LOTS 33-40
Assessor Number: 124-70-133
Tax Year: 2020
Unit #: REAR
Assessor's Map #: 70
Legal Description (Abbrev): LOT 34 STATE COLLEGE HOMES LOTS 33-40 MCR 003620
Assessor's Parcel #: 133
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Census Tract: 318900
Taxes: 3017
Legal: LOT 34 STATE COLLEGE HOMES LOTS 33-40 MCR 003620
Marketing Name: College Homes onRoosevelt

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 7875
Year Built: 1950
Uncvrd Parking Spcs: 3
Total # of Units: 2
# of Buildings: 2
Zoning: R-2
Elementary School District: Tempe Elementary School District

Remarks Misc

Cross Street: Mill Ave & University dr
Directions: Head south on Mill Ave to 13th ST, go west on 13th ST for approximately half a mile until you hit S Roosevelt ST, turn north on s Roosevelt ST and house will be the 7th house on the west side

Status Change Info

Off Market Date: 2021-01-29
Under Contract Date: 2020-12-18
Close of Escrow Date: 2021-01-29

Legal Info

Township: 1N
Range: 4E
Section: 21
Lot Number: 34

More Information

Income Expenses

Gross Annual Sch Inc: 38400
Net Operating Income: 33383

3 Bedrooms Units

# 3 Bedroom Units: Yes
Avg Rent: 1500
Avg SqFt: 744
# Baths: Yes

4 Bedrooms Units

# 4 Bedroom Units: Yes
Avg Rent: 1700
Avg SqFt: 1423
# Baths: 2

Sold Info

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

Project Type

Duplex: Yes

Other Type

House + Rental Units: Yes

Construction

Block: Yes

Const - Finish

Painted: Yes

Roofing

Composition: Yes

Floors

Wood: Yes
Ceramic Tile: Yes
Carpet: Yes

Sale Includes

Building(s) Only: Yes

Income & Expenses

Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 1000
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 1000
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 5017
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 38400
Total Monthly Rental Income: 3200

Pmt & Rate Info

Cap Rate: 6.07
Equity: 550000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Electric: Yes
Central: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes

Exterior Amenities

Fenced: Yes

Interior Features

Other (See Remarks): Yes

Tenant Pays

Gas: Yes
Water: Yes
Sewer: Yes
Electricity: Yes
Trash Collection: Yes
Cable TV: Yes

Appliances Included

Dishwasher: Yes
Disposal: Yes
Refrigerator: Yes
Washer/Dryer: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes
Projected Proforma: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Carport: Yes
On Street: Yes
1 Space/Unit: Yes
>1 Space Per Unit: Yes

Electric

APS: Yes

Gas

SW Gas: Yes

Owner Pays

See Remarks: Yes

New Financing

Cash to Loan: Yes
VA: Yes
Conventional: Yes
FHA: Yes
Other (See Remarks): Yes

Special

Owner/Agent: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Existing 1st Loan Type

Not Applicable: 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

None: 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

2 Bedroom Units

Avg Rent: 0

Mobile Home Prk Info

Avg Rent Single Wide: 0
Avg Rent Double Wide: 0
Avg Rent Ovrnght Spc: 0
Avg Rent RV Spaces: 0
Avg Rent Oversize Sp: 0

Property Features

Project Type: Duplex Other Type: House + Rental Units Construction: Block Const - Finish: Painted Roofing: Composition Floors: Wood; Ceramic Tile; Carpet Sale Includes: Building(s) Only Community Features: No Pool Exterior Amenities: Fenced Interior Features: Other (See Remarks) Appliances Included: Refrigerator; Dishwasher; Disposal; Washer/Dryer Heating: Central Cooling: Ceiling Fan(s); Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: Carport; On Street; 1 Space/Unit; >1 Space Per Unit Road Surface Type: Asphalt Owner Pays: See Remarks Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV Source of Fincl Data: Owner; Projected Proforma Special: Owner/Agent Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable 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: Cash to Loan; VA; FHA; Conventional; Other (See Remarks) Environmental: Other (See Remarks)

Listing Office: Grace CRE

Last Updated: May - 04 - 2026