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2223 E ROOSEVELT Street, Phoenix, AZ 85006
Overview
Description
Supplements: ... (Read more) 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 is perfect for both seasoned investors and first-time multifamily buyers looking to enter the market with a well-located, income-producing asset. The units are currently rented at $2,863, $1,550, and $1,985 per month, respectively. Whether you're looking to expand your real estate portfolio, complete a 1031 exchange, or live in one unit while earning passive income from the others, Three at Bumbalow offers flexibility, stability, and upside in a prime Central Phoenix location.
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
- 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
