$885,000
Phoenix, AZ 85014
MLS# 5763431
Status: Closed
1 / 5
Property Description
Roma is a 13-unit garden-style apartment community located in a desirable central Phoenix location. The property is situated on Roma Avenue just east of 7th Street and adjacent to Steel Indian School Park. Built in 1944, the property is made of block construction with built-up roofs and is individually-metered for electricity. The unit mix consists of studio, one, two and three-bedroom floor plans that are spacious, well designed and range in size from ±400 SF to ±1,050 SF. Several of the units have been renovated and include new white shaker-style cabinetry, fully appointed kitchens, vertical blinds, faux-wood vinyl flooring, ceiling fans, re-faced bathroom vanities with premium lighting, ceramic tile shower surrounds and low-flow toilets.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $885,000
Sold Price: $885,000
Status: Closed
List Date: 2018-05-09
Location, Tax & Legal
Assessor's Map #: 19
Legal Description (Abbrev): LOT 20 LAVETA PLACE LOTS 1-13, 15-28 MCR 000712
Assessor's Parcel #: 67
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 108601
Taxes: 2017
Legal: LOT 20 LAVETA PLACE LOTS 1-13, 15-28 MCR 000712
Marketing Name: Roma
Map Code/Grid: P34
House Number: 805
Compass: E
Street Name: ROMA
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Zip4: 4180
County Code: Maricopa
Subdivision: LAVETA PLACE LOTS 1-13, 15-28
Assessor Number: 155-19-067
Tax Year: 2322
General Property Description
# of Buildings: 9
Uncvrd Parking Spcs: 13
Lot Size Dimensions: 200' x 230'
Total # of Units: 13
Year Built: 1944
Zoning: R-3
Legal Info
Range: 3E
Section: 21
Township: 2N
Lot Number: 20
Project Type
13 - 24 Units: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 2017
Other Income: 1300
Vacancy Allowance: 0.12
Adjusted Gross Inc: 115561.6
Pmt & Rate Info
Cap Rate: 6.55
Down Payment: 237500
Equity: 950000
Down Payment %: 30
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Payment Includes
Principal: 1
Interest: 1
Community Features
No Pool: 1
Heating
Individual: 1
Cooling
Electric: 1
Individual: 1
Exterior Amenities
Desert Landscaping: 1
Interior Features
Unfurnished: 1
Vertical Blinds: 1
Tenant Pays
Electricity: 1
Appliances Included
Dishwasher: 1
Refrigerator: 1
Built-In Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
1 Space/Unit: 1
Electric
Individual Meter: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Conventional: 1
Existing 1st Loan
Conventional: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Home Phn: 602-735-5634
Efficiency Units
# Efficiency Units: 1
Avg Rent: 485
Avg SqFt: 400
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 3
Avg Rent: 725
Avg SqFt: 600
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 6
Avg Rent: 800
Avg SqFt: 800
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 3
Avg Rent: 1125
Avg SqFt: 1050
# Baths: 2
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: %
Seller Concession to Buyer: 0
Seller Concession $/%: %
Remarks Misc
Cross Street: N. 7th Street and E. Roma Avenue
Geo Lat: 33.500904
Geo Lon: -112.063447
Status Change Info
Off Market Date: 2018-11-27
Under Contract Date: 2018-10-09
Close of Escrow Date: 2018-12-03
Sold Price: $885,000
Income Expenses
Gross Annual Sch Inc: 130020
Net Operating Income: 62254
Property Features
Project Type: 13 - 24 Units
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Land & Building
Payment Includes: Principal; Interest
Community Features: No Pool
Exterior Amenities: Desert Landscaping
Interior Features: Unfurnished; Vertical Blinds
Appliances Included: Built-In Range; Refrigerator; Dishwasher
Heating: Individual
Cooling: Electric; Individual
Water Source: City Franchise
Sewer: Sewer - Public
Electric: Individual Meter
Gas: SW Gas
Parking Features: 1 Space/Unit
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Owner
Existing 1st Loan: Conventional
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional
Environmental: None
Listing Office: CBRE, Inc
Last Updated: April - 07 - 2026
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
