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1021 AND 1025 East Roosevelt St, Phoenix AZ 1025 E Roosevelt St

2 Unit Apartment Building $725,000 ($362,500/Unit) Phoenix, AZ 85006

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Investment Highlights

TWO LOTS ~ 13, 750 square feet total
R5 Zoning with Arts Overlay

GREAT LOCATION ~ close to Roosevelt Row, ASU, UofA, Banner Hospital, and loads of restaurants & venues

Executive Summary

A great development opportunity to purchase TWO lots side by side on Roosevelt Street only 3 blocks away from "Roosevelt Row" in Downtown Phoenix! R5 Zoning with Arts Overlay offers a multitude of options including multi-residential, office use, restaurant, coffee shops, art galleries, etc! 1021 East Roosevelt and 1025 East Roosevelt are included in the sale for a total of 13,750 square feet of land. Please note ~ This is in the Garfield neighborhood, but not the Garfield historic district, so development will be easier. Photos are of 1021 E Roosevelt and include newer HVAC, dual pane windows and exposed brick. Great walkability to Roosevelt Row, Phoenix Convention Center(for cultural events like Symphony and Ballet), Banner Hospital (for interns and medical staff), Heritage Square (world-renowned Pizzeria Bianco), Chase Field (yay! Diamondbacks!), Children's Museum of Phoenix and AZ Science Center (for brainiacs!) Terrific opportunity to preserve existing and build new!

Property Facts

Price	$725,000	Property Subtype	Apartment General Retail Storefront Retail/Residential Office Office Residential Multifamily Dormitory
Price Per Unit	$362,500	Lot Size	0.32 AC
Sale Type	Investment	Building Size	1,056 SF
Sale Conditions	Redevelopment Project	No. Stories	1
No. Units	2	Year Built/Renovated	1946/2024
Property Type	Multifamily

Price	$725,000
Price Per Unit	$362,500
Sale Type	Investment
Sale Conditions	Redevelopment Project
No. Units	2
Property Type	Multifamily
Property Subtype	Apartment General Retail Storefront Retail/Residential Office Office Residential Multifamily Dormitory
Lot Size	0.32 AC
Building Size	1,056 SF
No. Stories	1
Year Built/Renovated	1946/2024

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Walk Score ®

Very Walkable (80)

Bike Score ®

Very Bikeable (82)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

zoning

Zoning Code	R5 w/ arts overlay (R5 zoning allows residential (current), multi-residential and certain office uses. The Arts Overlay expands the possible uses & lowers parking req.)
R5 w/ arts overlay (R5 zoning allows residential (current), multi-residential and certain office uses. The Arts Overlay expands the possible uses & lowers parking req.)