2223 E Roosevelt Street, Phoenix, AZ

$700,000

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7

Beds

6

Baths

About 2223 E Roosevelt Street

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. 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.

Features of 2223 E Roosevelt Street

MLS® # 7038723
Price $700,000
Bedrooms 7
Bathrooms 6.00
Year Built 1952
Type Multiple Dwellings
Status Active

Community Information

Address 2223 E Roosevelt Street
Subdivision BUMBALOW HEIGHTS BLK 1
City Phoenix
County Maricopa
State AZ
Zip Code 85006

Amenities

Amenities / Community Features No Pool
Parking Spaces 4
Parking Free
Is Waterfront No
Has Pool No

Interior

Appliances Free-Standing Range, Refrigerator, Washer/Dryer, W/D Hookup
Heating Electric
Cooling Ceiling Fan(s), Electric
Fireplace No

Exterior

Roof Composition
Construction Painted, Stucco, Block

School Information

District Phoenix Union High School District
Elementary Excelencia School
Middle Excelencia School
High North High School

Additional Information

Zoning R-5
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeWest USA Realty

Listing Map

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