2223 E ROOSEVELT Street, Phoenix, AZ 85006

$928,640
Property Type: Multiple Dwellings Status: Active
Current Price: $928,640 Last Modified: 6/09/2026

Overview

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 ...

Listing Details MLS# 7038723

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
2025
Assessor's Map #
3
Legal Description (Abbrev)
BUMBALOW HTS
Assessor's Parcel #
13
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
113300
Taxes
923
Legal
BUMBALOW HTS
Marketing Name
Three at Bumbalow

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
IRR
Year Built
1952
Uncvrd Parking Spcs
4
Total # of Units
3
# of Buildings
Yes
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.

Legal Info

Township
1N
Range
3E
Section
3
Block
2
Lot Number
Yes

Income Expenses

Gross Annual Sch Inc
76776
Net Operating Income
69062

More Information

Showing Notification Methods

Showing Service
No Showing Service Used
Text
Yes
Email
Yes
Phone Call
Yes

2 Bedroom Units

# 2 Bedroom Units
2
Avg Rent
1785
Avg SqFt
800
# Baths
2

3 Bedrooms Units

# 3 Bedroom Units
Yes
Avg Rent
2863
Avg SqFt
950
# Baths
2

Project Type

Tri-Plex
Yes

Other Type

Packaged Offering
Yes

Construction

Block
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Composition
Yes

Floors

Ceramic Tile
Yes
Other
Yes

Sale Includes

Building(s) Only
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
1501
Annual Land Lse Exp
0
Annual Landscape Exp
0
Annual Legal & Acctg
0
Annual Maint Exp
2500
Annual Mgmt Exp
0
Annual Trash Exp
0
Annual Wtr/Swr Exp
2790
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
7714
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
76776
Total Monthly Rental Income
6398

Pmt & Rate Info

Cap Rate
7.44
Down Payment
0
Equity
928640
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Electric
Yes

Cooling

Ceiling Fan(s)
Yes
Electric
Yes

Exterior Amenities

Curb(s) & Gutter(s)
Yes
Sidewalk(s)
Yes

Tenant Pays

Gas
Yes
Electricity
Yes

Appliances Included

Refrigerator
Yes
Free-Standing Range
Yes
Washer/Dryer
Yes
W/D Hookup
Yes

Road Access Type

Dedicated Street
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes
See Remarks
Yes

Sewer

Sewer - Public
Yes

Parking Features

Free
Yes

Electric

SRP
Yes

Gas

SW Gas
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

Cash
Yes
Conventional
Yes
1031 Exchange
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

Treat as Free&Clear
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

None
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

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 Exterior Amenities: Curb(s) & Gutter(s); Sidewalk(s) 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 Road Access Type: Dedicated Street Road Surface Type: Asphalt 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 Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear 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; Conventional; 1031 Exchange Environmental: None
IDX
Listing Office: West USA Realty
Last Updated: June - 09 - 2026
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