Properties
Tempe, AZ 85281 604 S Roosevelt Street
$1,795,000
12 more
Presented By: Marcus & Millichap; 602-687-6700
Home Details
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.
Presented By: Marcus & Millichap; 602-687-6700
Interior Features for 604 S Roosevelt Street
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringVinyl
Heating Y/NYes
General for 604 S Roosevelt Street
Additional Parcels Y/NNo
Attached Garage No
Cap Rate4.78
Carport Y/NNo
CityTempe
Community FeaturesNo Pool
Construction MaterialsPainted, Block
CoolingElectric
CountyMaricopa
DisclosuresNone
ElectricSRP
Electric Expense6099.0
Garage Y/NNo
Gross Income126229.35
HeatingElectric
Insurance Expense3500.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
MaintenanceExpense11514.0
MobileHomeRemainsYNNo
Net Operating Income85799.0
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
Number Of Units Total9
Open Parking Spaces7.0
Operating Expense39461.0
OwnerPaysTrash Collection, Water, Sewer, Landscaping
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofFoam
Senior CommunityN
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount3089.0
Tax Lot23E
Tax Year2025
Year Built1955
ZoningR-3
Exterior for 604 S Roosevelt Street
Covered Spaces9.0
Crops Included Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions15, 682 sq ft.
Number of Buildings1
Parking Features>1 Space Per Unit
Road Surface TypeAsphalt
SpaNo
Total Parking16.0
Water SourceMaster Meter
Additional Details
Price History
