$2,675,000
Phoenix, AZ 85018
MLS# 5714865
Status: Closed
36 beds | 36 baths
1 / 17
Property Description
Flower Apartments is a 22-unit community ideally located in the heart of the lower Arcadia/Biltmore neighborhood, one of the most sought after areas in Phoenix. Tenants enjoy immediate access to shopping, entertainment, dining and to major employment corridors. All units were refreshed within the past five years and recently some of them were remodeled with on trend fixtures and decor as well as stainless steel appliances. These units have demonstrated higher rent potential underlining additional value add opportunity through a continued program as leases turn. Community amenities include a recently updated swimming pool and gated entry.
Details
Documents
Contract Info
Current Price: $2,675,000
Sold Price: $2,675,000
Status: Closed
List Date: 2018-01-15
Ownership: Fee Simple
Location, Tax & Legal
Map Code/Grid: P35
House Number: 3208
Compass: E
Street Name: FLOWER
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85018
Zip4: 6271
Country: US
County Code: Maricopa
Subdivision: VALENCIA ACRES
Assessor Number: 127-32-020
Tax Year: 2017
General Property Description
Lot Size Dimensions: 30486 sq. ft.
Year Built: 1986
Uncvrd Parking Spcs: 22
Total # of Units: 22
# of Buildings: 2
Zoning: Multifamily
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Legal Info
Township: 2N
Range: 3E
Section: 25
Lot Number: 8
1 Bedroom Units
# 1 Bedroom Units: 8
Avg Rent: 727
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 14
Avg Rent: 815
# Baths: 2
Structure
Bedrooms Total: 36
Bathrooms Total: 36
Contact Info
List Agent Home Phn: 602-703-5277
Sold Info
Loan Type: Conventional
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Remarks Misc
Cross Street: N. 32nd Street
Geo Lat: 33.486514
Geo Lon: -112.012012
Status Change Info
Off Market Date: 2018-09-04
Under Contract Date: 2018-06-08
Close of Escrow Date: 2018-10-31
Sold Price: $2,675,000
Property Features
Project Type: 13 - 24 Units
Construction: Wood Frame; Steel Frame
Const - Finish: Stucco
Roofing: Composition
Floors: Concrete; Vinyl; Wood; Carpet
Sale Includes: Land & Building; Pool Equipment
Community Features: Pool; Heated Pool(s)
Exterior Amenities: Fenced; Curb(s) & Gutter(s); Cable TV Available; Patio/Balcony; Separate Storage; Guard Gate
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup
Cooling: Ceiling Fan(s); Heat Pump
Water Source: City Franchise
Sewer: Sewer - Public
Electric: Individual Meter
Gas: None
Parking Features: 1 Space/Unit; Free; Paved
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
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: FHA; Conventional; 1031 Exchange
Environmental: None
Flyer OM 
Listing Office: GPCI AZ
Office Phone: 602-703-5277
Office Email: [email protected]
Last Updated: April - 22 - 2019
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