For Sale Multi-Family MLS# 7038723

2223 E ROOSEVELT Street

Phoenix, AZ 85006

$700,000

Take the tour

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.

Property details

Property

Type
multi
MLS type
Multi Family Home
Status
Active
Year built
1952
Original price
$928,640
MLS #
7038723

Interior

Features
Ceiling Fan(s), Electric, Electric, Other, Ceramic Tile
Flooring
Other, Ceramic Tile
Heating
Electric
Cooling
Ceiling Fan(s), Electric

Exterior & lot

Features
Sidewalk(s), Free, Parking spaces: 4
Construction
Painted, Stucco, Block, Composition
Roof
Composition
Lot
R-5, 11603013
Parking
Free

Schools

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

Utilities

Utilities
Public Sewer, City Franchise
Water
City Franchise
Sewer
Public Sewer

Financial

Financial
Arizona Regional Multiple Listing Service 2
Annual tax
$923
Tax year
2025
Parcel
11603013

Location

Subdivision
BUMBALOW HEIGHTS BLK 1
County
Maricopa
Community
Maricopa, Asphalt, Arizona Regional Multiple Listing Service 2, Creighton Elementary District
Directions
EAST ON ROOSEVELT ST.. PROPERTY ON THE SOUTH SIDE.

Location

Neighborhood
BUMBALOW HEIGHTS BLK 1
School district
Phoenix Union High School District

Ask about this property

Questions on 2223 E ROOSEVELT Street, Phoenix, AZ 85006, or want to see it in person?

Listed by Josiah Miller, West USA Realty

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.