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Multifamily

Roosevelt Village

2232 E Roosevelt St, Phoenix, AZ 85006

Listing Price: $5,950,000

Cap Rate
5.92%
Number of Units
24
Price/Unit
$247,917
Price/Gross SF
$318.95
Gross SF
18,655

Investment Overview

Less than a quarter of a mile from the intersection of three significant Phoenix Metro thoroughfares, Loop 202, Interstate 10, and AZ-51, Roosevelt Village (“the property”) is incredibly positioned with outstanding access to all parts of The Valley. Taking AZ-51 north provides immediate entry to both Midtown Phoenix to the west and Biltmore and Arcadia neighborhoods to the east. Midtown Phoenix is home to the Innovation Employment Corridor that runs down Central Avenue presenting employment opportunities from some of the most prolific companies in the state such as Banner Health and IBM. Additionally, Biltmore Employment Corridor where names such as Cisco and Charles Schwab are stationed, also offers numerous dining and entertainment destinations. Together, Innovation and Biltmore corridors showcase over ±117,000 employees and ±2,060 employers. Heading west on I-10 from the property leads to prompt passage to Downtown Phoenix, while Loop 202 tracking east gives manageable commute times to Tempe, Scottsdale, and the rest of the East Valley.

Investment Highlights

  • 100% renovated, low-density apartment community in Phoenix, Arizona.
  • Less than a quarter of a mile from the intersection of three significant Phoenix Metro thoroughfares, Loop 202, Interstate 10, and AZ-51.
  • 96% two-bedroom floorplans. Majority of which include large front private patios.

Exclusively Listed By

Financing By

Multifamily

Roosevelt Village

Listing Price: $5,950,000

Cap Rate
5.92%
Number of Units
24
Price/Unit
$247,917
Price/Gross SF
$318.95
Gross SF
18,655

Investment Highlights

  • 100% renovated, low-density apartment community in Phoenix, Arizona.
  • Less than a quarter of a mile from the intersection of three significant Phoenix Metro thoroughfares, Loop 202, Interstate 10, and AZ-51.
  • 96% two-bedroom floorplans. Majority of which include large front private patios.

Investment Overview

Less than a quarter of a mile from the intersection of three significant Phoenix Metro thoroughfares, Loop 202, Interstate 10, and AZ-51, Roosevelt Village (“the property”) is incredibly positioned with outstanding access to all parts of The Valley. Taking AZ-51 north provides immediate entry to both Midtown Phoenix to the west and Biltmore and Arcadia neighborhoods to the east. Midtown Phoenix is home to the Innovation Employment Corridor that runs down Central Avenue presenting employment opportunities from some of the most prolific companies in the state such as Banner Health and IBM. Additionally, Biltmore Employment Corridor where names such as Cisco and Charles Schwab are stationed, also offers numerous dining and entertainment destinations. Together, Innovation and Biltmore corridors showcase over ±117,000 employees and ±2,060 employers. Heading west on I-10 from the property leads to prompt passage to Downtown Phoenix, while Loop 202 tracking east gives manageable commute times to Tempe, Scottsdale, and the rest of the East Valley.

Exclusively Listed By

Financing By

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