$3,999,000

2011 N 51st St Phoenix, AZ 85008

Camelback East Village Neighborhood

Estimated payment $21,718/month

Total Views 2,638
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Heated Community Pool
  • Community Barbecue Grill
  • Central Air
  • Phoenix Coding Academy Rated A
  • Ceramic Tile Flooring
  • Ceiling Fan

About This Home

Tropicana Apartments is a well-positioned, mostly renovated 20-unit multifamily community in the desirable Papago submarket of Metro Phoenix. Built in 1979 on 1.31 acres, the property offers 14,960 square feet of rentable space with a mix of floor plans averaging 748 square feet. Since 2020, the property has benefited from more than $420,000 in capital improvements, including pool refinishing, upgraded landscaping, new appliances, cabinetry, countertops, entry gate enhancements, and the installation of 15 new HVAC units, among other updates.

Listing Agent

Colt Siler

Orion Investment Real Estate License #SA691810000 Listed on: 09/04/2025

Co-Listing Agent

Garrett Hemeyer

Orion Investment Real Estate License #SA684184000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,436

Year Built

  • Built in 1979

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 25 Open Parking Spaces
  • 27 Parking Spaces
  • 2 Covered Spaces
  • Over 1 Space Per Unit
  • Free Parking
  • Paved Parking
  • On-Street Parking

Utilities

  • Central Air
  • Heating unit installed on the ceiling
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tax Lot 12
  • Assessor Parcel Number 126-21-011

Community Details

Overview

  • 3 Buildings
  • 20 Units
  • Building Dimensions are N/A
  • Orangedale Tract 1,2, & 7,8 Subdivision

Amenities

  • Community Barbecue Grill

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $8,436
  • Gross Income $380,567
  • Net Operating Income $267,580

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,436

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Cross Street: 51st Street & McDowell
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1979
  • Tax Year: 2024
  • Co List Office Mls Id: mlso106
  • Co List Office Phone: 480-634-6934
  • Subdivision Name: ORANGEDALE TRACT 1,2, & 7,8
  • Garage Yn: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Built-In Range, Disposal, Dishwasher, Refrigerator, Free-Standing Electric Oven, Built-In Electric Oven, Washer/Dryer
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes
  • Community Features:Pool2: Yes
  • Community Features:Barbecue: Yes
  • Appliances Included:Built-In Electric Oven: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Paved, Free, >1 Space Per Unit, On Street
  • Attached Garage: No
  • Open Parking Spaces: 25.0
  • Total Parking Spaces: 27.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 25.0
  • General Property Description:Total Parking Spcs: 27.0
  • Parking Features Free2: Yes
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Paved2: Yes
  • Parking Features:Garage: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Central Air, Ceiling Fan(s), Electric, Individual
  • Heating: Individual, Heat Pump, Electric, Ceiling
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Ceiling: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Barbecue, Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: N/A
  • Additional Parcels: No
  • Parcel #: 126-21-011

Multi Family

  • Owner Pays: Pool Maintenance, Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 20
  • Annual Gross Income: 380567.11
  • Property Net Operating Income: 267579.9
  • Annual Operating Expense: 8436.0
  • Vacancy Allowance Rate: 0.06

Tax Info

  • Tax Annual Amount: 8436.0
  • Tax Book Number: 126.00
  • Tax Lot: 12

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/04/2025 09/04/25 For Sale $3,999,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6921463

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85008 Camelback East Village

2011 N 51st St, Phoenix, AZ

For Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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Colt Siler
Listing Agent
Colt Siler
Section Image
Orion Investment Real Estate
(623) 288-5490