$1,500,000
Phoenix, AZ 85018
MLS# 5750064
Status: Closed
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Property Description
Extremely unique property situated on a large .98 acre lot on the boundary of the highly desired Arcadia area. Fully occupied multi-unit property consisting of 7 buildings, 9 total units recently updated inside and out. Great turn key property with excellent cash flow. Buy for the income and/or future development opportunity. Private driveway, irrigated lot, covered parking plus 3 car garage. Onsite coin operated laundry facility. Large mature trees, citrus trees, rose garden, open common areas with lots of grass.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $1,500,000
Sold Price: $1,500,000
Status: Closed
List Date: 2018-04-11
Location, Tax & Legal
Assessor's Map #: 32
Legal Description (Abbrev): VALENCIA AC PT LOT 9 W2 OF FOL BEG NE COR LOT 9 TH W TO PT 160' E OF NW COR LOT TH S TO S LN TH E T
Assessor's Parcel #: 25
Add'l Parcels: Yes
Tax Municipality: Maricopa - COUNTY
Census Tract: 110901
Taxes: 6578
Legal: VALENCIA AC PT LOT 9 W2 OF FOL BEG NE COR LOT 9 TH W TO PT 160' E OF NW COR LOT TH S TO S LN TH E T
Marketing Name: Flower Street
Map Code/Grid: P35
House Number: 3213
Compass: E
Street Name: FLOWER
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85018
Zip4: 6223
County Code: Maricopa
Subdivision: VALENCIA ACRES
Assessor Number: 127-32-025
Tax Year: 2017
General Property Description
# of Buildings: 7
Uncvrd Parking Spcs: 2
Lot Size Dimensions: 140 x 304
Total # of Units: 9
High School District: Phoenix Union High School District
Elementary School: Monte Vista Elementary School
Jr. High School: Monte Vista Elementary School
High School: Camelback High School
Year Built: 1960
Zoning: R-3 & R-4
Legal Info
Range: 3E
Section: 25
Township: 2N
Lot Number: 9
Project Type
5 - 12 Units: 1
Other Type
House + Rental Units: 1
Packaged Offering: 1
Construction
Wood Frame: 1
Brick: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Wood: 1
Ceramic Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
Laundry Equipment: 1
Income & Expenses
Annual Elec Exp: 2400
Annual Gas Exp: 0
Annual Ins Exp: 1800
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 3600
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 5400
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 19778
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 124020
Pmt & Rate Info
Cap Rate: 6.13
Down Payment: 0
Equity: 1699500
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Community Features
No Pool: 1
Heating
Other: 1
See Remarks: 1
Cooling
Other: 1
See Remarks: 1
Exterior Amenities
Green Landscaping: 1
Fenced: 1
RV/Boat Parking: 1
Cable TV Available: 1
Sidewalk(s): 1
Patio/Balcony: 1
Separate Storage: 1
Security Light(s): 1
Tenant Pays
Gas: 1
Electricity: 1
Cable TV: 1
Appliances Included
Other: 1
Road Access Type
Private Road: 1
Road Surface Type
Dirt: 1
Gravel: 1
Source of Fincl Data
Owner: 1
Books Shwn Accpt Ofr: 1
Water Source
City Franchise: 1
Irrigation: 1
Sewer
Sewer - Public: 1
Parking Features
Garage: 1
Carport: 1
<1 Space Per Unit: 1
Garage Door Opener: 1
Electric
SRP: 1
Master Meter: 1
Individual Meter: 1
Gas
SW Gas: 1
Individual Meter: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Conventional: 1
Existing 1st Loan
Treat as Free&Clear: 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
Seller Prop Disc Stm: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
# Efficiency Units: 2
Avg Rent: 600
Avg SqFt: 500
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 3
Avg Rent: 900
Avg SqFt: 700
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 1100
Avg SqFt: 1000
# Baths: 2
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
# 4 Bedroom Units: 1
Avg Rent: 2400
Avg SqFt: 2000
# Baths: 4
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: 32nd St & Indian School
Directions: South of Indian School, East on Flower. No Sign, Drive By Only, Do Not Disturb Tenants or Enter Private Drive.
Geo Lat: 33.485512
Geo Lon: -112.012187
Status Change Info
Off Market Date: 2018-09-17
Under Contract Date: 2018-05-21
Close of Escrow Date: 2018-09-21
Sold Price: $1,500,000
Income Expenses
Gross Annual Sch Inc: 124020
Net Operating Income: 104252.04
Property Features
Project Type: 5 - 12 Units
Other Type: House + Rental Units; Packaged Offering
Construction: Wood Frame; Brick
Const - Finish: Painted
Roofing: Composition
Floors: Wood; Ceramic Tile; Carpet
Sale Includes: Land & Building; Laundry Equipment
Community Features: No Pool
Exterior Amenities: Green Landscaping; Fenced; RV/Boat Parking; Cable TV Available; Sidewalk(s); Patio/Balcony; Separate Storage; Security Light(s)
Appliances Included: Other
Heating: Other; See Remarks
Cooling: Other; See Remarks
Water Source: City Franchise; Irrigation
Sewer: Sewer - Public
Electric: SRP; Master Meter; Individual Meter
Gas: SW Gas; Individual Meter
Parking Features: Garage; Carport; <1 Space Per Unit; Garage Door Opener
Road Access Type: Private Road
Road Surface Type: Gravel; Dirt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Gas; Cable TV
Source of Fincl Data: Owner; Books Shwn Accpt Ofr
Existing 1st Loan: Treat as Free&Clear
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: RE/MAX Solutions
Last Updated: April - 07 - 2026
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