$5,300,000
675 S Roosevelt Street
Tempe, AZ 85281
MLS# 5911727



675 S Roosevelt Street, Tempe, AZ 85281
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Property Description
675 South Roosevelt is a unique urban condo development located in an up and coming area of Tempe. It consists of 12 contemporary, 2 bedroom condos, which feature concrete flooring, 10-foot exposed industrial ceilings, sleek kitchens and patio garage doors which creates an indoor/outdoor space. Its convenient location to many employment opportunities, dining, nightlife as well as the new light rail system allow for the ''Live/Work'' lifestyle. It is located less than a mile away from Tempe's Mill Avenue and Town Lake. 675 South Roosevelt was designed by renowned Vincent/Goldstein and built by ARCbilt development. The property's cutting edge design and quality construction must be seen and toured to be fully appreciated.

Details
Maps
Contract Info
Current Price: $5,300,000
List Price: $5,300,000
List Date: 2019-04-09
Location, Tax & Legal
Map Code/Grid: R36
House Number: 675
Compass: S
Street Name: Roosevelt
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Country: USA
County Code: Maricopa
Assessor Number: 124-33-360
Taxes: 42924
Marketing Name: Oleander Lofts
General Property Description
Apx Lot Size Range: 19925
Year Built: 2009
Zoning: R-4
Elem School Dist #: 003 - Tempe School District
High School Dist #: 003 - Tempe School District
Remarks & Misc
Geo Lat: 33.423327
Geo Lon: -111.94684
Status Change Info
Status Change Date: 2019-04-15
Status: Active
Income & Expenses
Owner Association: No
Operating Exp: 42924
Gross Annual Sch Inc: 231060
Adjusted Gross Inc: 231060
Net Operating Income: 147985
Pmt & Rate Info
Cap Rate: 2.79
Equity: 5300000
2 Bedroom Units
# 2 Bedroom Units: 12
Avg Rent: 1838
Avg SqFt: 1578
# Baths: 3
Property Features
Project Type: 5 - 12 Units
Construction: Block; Frame - Metal
Const - Finish: Stone
Roofing: Foam
Floors: Concrete
Sale Includes: Land & Building
Community Amenities: Other (See Remarks)
Appliances Included: Other (See Remarks)
Heating: Other (See Remarks)
Cooling: Other (See Remarks)
Water: Other (See Remarks)
Sewer: Other (See Remarks)
Electric: Other (See Remarks)
Gas: Other (See Remarks)
Parking: Other (See Remarks)
Roads/Streets: Concrete
Owner Pays: Other (See Remarks)
Tenant Pays: Other (See Remarks)
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Other (See Rmks)
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Other (See Remarks)
Reports/Disclosures: Other (See Remarks)
Environmental: None

Listing Office: Lee & Associates

Last Updated: September - 11 - 2019

675 S Roosevelt Street, Tempe, AZ 85281 - MLS# 5911727

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Sunday 15th of September 2019 02:14 PM