841 E ROESER Road, Phoenix, AZ 85040 (MLS# 6612987)

$650,000

841 E ROESER Road
Phoenix, AZ 85040
MLS# 6612987
Status: Closed

1 / 27

Property Description
Amazing opportunity to own this FOURPLEX!! Each unit has 2 bedrooms 1 bath with 2 cover parking spots per unit. The bottom 2 units are fully remodeled with new flooring, new paint, new bathroom fixtures and more! Both buildings have newer roof, Stucco and paint. Also, 2 of the units have new AC. Separate pawer meter in each unit. Tenants are currently month to month paying $1300 /month.

Details

Maps

Contract Info

Ownership: Fee Simple

Current Price: $650,000

Sold Price: $650,000

Status: Closed

List Date: 2023-10-02

Location, Tax & Legal

Assessor's Map #: 56

Legal Description (Abbrev): SEC 28 1N 3E PT LOT 23, N 225' OF W 50' OF E 2 AC OF NE4 NW4 SW4 .25 AC

Assessor's Parcel #: 18

Add'l Parcels: No

Tax Municipality: Phoenix

Census Tract: 115900

Taxes: 1052

Legal: SEC 28 1N 3E PT LOT 23, N 225' OF W 50' OF E 2 AC OF NE4 NW4 SW4 .25 AC

Marketing Name: Fourplex

House Number: 841

Compass: E

Street Name: ROESER

St Suffix: Road

City/Town Code: Phoenix

State/Province: AZ

Zip Code: 85040

Zip4: 3167

County Code: Maricopa

Assessor Number: 113-56-018

Tax Year: 2022

General Property Description

# of Buildings: 2

Uncvrd Parking Spcs: 0

Lot Size Dimensions: 10890

Flood Zone: No

Total # of Units: 4

Elementary School District: Roosevelt Elementary District

High School District: Phoenix Union High School District

Year Built: 1985

Zoning: R-3 MM

Legal Info

Range: 3E

Section: 28

Township: 1N

Lot Number: unknown

Project Type

Four Plex: 1

Construction

Wood Frame: 1

Const - Finish

Stucco: 1

Roofing

Tile: 1

Floors

Vinyl: 1

Carpet: 1

Sale Includes

Land & Building: 1

Income & Expenses

Owner Association: No

Annual Ownr Asoc Fee: 0

Operating Exp: 1052

Other Income: 0

Vacancy Allowance: 0

Adjusted Gross Inc: 62400

Pmt & Rate Info

Cap Rate: 7.8

Equity: 799900

Down Payment %: 0

Monthly Payments: 0

Total Owed: 0

Showing Notification Methods

Showing Service: No Showing Service Used

Lockbox Type

None: 1

Community Features

No Pool: 1

Heating

Electric: 1

Individual: 1

Cooling

Electric: 1

Individual: 1

Exterior Amenities

Fenced: 1

Interior Features

Unfurnished: 1

Tenant Pays

Electricity: 1

Appliances Included

Free-Standing Range: 1

Road Surface Type

Asphalt: 1

Source of Fincl Data

Owner: 1

Projected Proforma: 1

Water Source

City Franchise: 1

Sewer

Sewer - Public: 1

Parking Features

Carport: 1

Electric

APS: 1

SRP: 1

Gas

Underground: 1

Owner Pays

Water: 1

Sewer: 1

New Financing

Conventional: 1

FHA: 1

Existing 1st Loan

Treat as Free&Clear: 1

Reports/Disclosures

None: 1

Environmental

None: 1

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

2 Bedroom Units

# 2 Bedroom Units: 4

Avg Rent: 1200

Avg SqFt: 621

# Baths: 1

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Sold Info

Loan Type: Conventional

Loan Years: 30

Closing Cost Split: Seller Assist - A

Payment Type: Fixed

Buyer Concession to Seller: 0

Buyer Concession $/%: $

Seller Concession to Buyer: 13500

Seller Concession $/%: $

Remarks Misc

Cross Street: 7th Street and Roeser

Directions: East on Roeser to property

Geo Lat: 33.399194

Geo Lon: -112.060629

Status Change Info

Off Market Date: 2024-02-16

Under Contract Date: 2024-01-10

Close of Escrow Date: 2024-02-15

Sold Price: $650,000

Income Expenses

Gross Annual Sch Inc: 62400

Net Operating Income: 62400

Property Features

Project Type: Four Plex

Construction: Wood Frame

Const - Finish: Stucco

Roofing: Tile

Floors: Vinyl; Carpet

Sale Includes: Land & Building

Community Features: No Pool

Exterior Amenities: Fenced

Interior Features: Unfurnished

Appliances Included: Free-Standing Range

Heating: Individual

Cooling: Electric; Individual

Water Source: City Franchise

Sewer: Sewer - Public

Electric: APS; SRP

Gas: Underground

Parking Features: Carport

Road Surface Type: Asphalt

Owner Pays: Water

Tenant Pays: Electricity

Source of Fincl Data: Owner; Projected Proforma

Lockbox Type: None

Existing 1st Loan: Treat as Free&Clear

New Financing: FHA; Conventional

Environmental: None

Listing Office: eXp Realty

Last Updated: May - 11 - 2025