Multifamily
Roosevelt Place
604 S Roosevelt St, Tempe, AZ 85281
Listing Price: $1,795,000
Investment Overview
Located just steps from one of the Valley’s busiest commuter routes and adjacent to the vibrant
campus of Arizona State University, Roosevelt Place (“the Property”) offers a differentiated
multifamily opportunity highlighted by its refreshed exterior and high-end interior upgrades.
Delivered in 1955, the asset is ideally situated to capture sustained demand generated by ASU’s
sizable student enrollment, along with the growing concentration of young professionals driving
momentum in North Tempe and around Tempe Town Lake, each within a short one-mile distance.
The scarcity of comparable boutique, garden-style communities in a submarket experiencing
layered growth dynamics positions Roosevelt Place as a highly attractive acquisition prospect.
Investment Highlights
- Located less than a mile from the vibrant Arizona State University campus, as well as the momentum of young professionals found surrounding Tempe Town Lake
- All 9 units fully renovated and fully occupied
- All HVAC units, as well as the roof, have been replaced or redone in the last three years
Exclusively Listed By
Listing Price: $1,795,000
Investment Highlights
- Located less than a mile from the vibrant Arizona State University campus, as well as the momentum of young professionals found surrounding Tempe Town Lake
- All 9 units fully renovated and fully occupied
- All HVAC units, as well as the roof, have been replaced or redone in the last three years
Investment Overview
Located just steps from one of the Valley’s busiest commuter routes and adjacent to the vibrant campus of Arizona State University, Roosevelt Place (“the Property”) offers a differentiated multifamily opportunity highlighted by its refreshed exterior and high-end interior upgrades. Delivered in 1955, the asset is ideally situated to capture sustained demand generated by ASU’s sizable student enrollment, along with the growing concentration of young professionals driving momentum in North Tempe and around Tempe Town Lake, each within a short one-mile distance. The scarcity of comparable boutique, garden-style communities in a submarket experiencing layered growth dynamics positions Roosevelt Place as a highly attractive acquisition prospect.
Exclusively Listed By