NOT LISTED FOR SALE

3208 E Flower St Phoenix, AZ 85018

Camelback East Village Neighborhood
1 Bed
1 Bath
475 Sq Ft
1986 Built

Last Sold May 07, 2020

Last sale price $3,750,000 $7,895 Per Sq Ft

14 Days on Market

Highlights

  • Heated Community Pool
  • Cooling Available
  • Heating Available
  • Phoenix Coding Academy Rated A
  • Vinyl Flooring

About This Home

As of May 2020

Flower 22 is a turn-key, fully renovated 22-unit
community consisting of (14) two-bedroom /
two-bathroom units and (8) one-bedroom /
one-bathroom units. Each spacious unit is appointed
with modern finishes which include new cabinets,
counters, flooring, and appliances. Each unit is
individually metered for electricity and enjoys an
interior washer and dryer. The property recently
received new roofs, landscaping, exterior paint and a
resurfaced parking lot. Flower 22 is conveniently
located near the Biltmore, Phoenix Sky Harbor
International Airport and all the employment, shopping
and dining located on 24th & Camelback.

Last Agent to Sell the Property

Royce Munroe

Munroe Multifamily License #BR512795000 Listed on: 01/11/2020

Munroe Multifamily

Last Buyer's Agent

Royce Munroe

ABI Multifamily License #BR512795000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,356

Year Built

  • Built in 1986

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Vinyl Flooring

Parking

  • 25 Open Parking Spaces
  • 25 Parking Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 8
  • Assessor Parcel Number 127-32-020

Community Details

Overview

  • 2 Buildings
  • 22 Units
  • Building Dimensions are unknown
  • Valencia Acres Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $68,100
  • Gross Income $326,487
  • Net Operating Income $259,184

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,356

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Cross Street: 32nd Street & Indian School
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 2
  • Year Built: 1986
  • Tax Year: 2019
  • Directions: South to Flower and East to Property.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 16364.0
  • Subdivision Name: VALENCIA ACRES
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 25.0
  • Total Parking Spaces: 25.0
  • General Property Description:Uncvrd Parking Spcs: 25.0
  • General Property Description:Total Parking Spcs: 25.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Other4: Yes
  • Heating:See Remarks3: Yes

Condo/Co-op/Association

  • Community Features: Pool

Association/Amenities

  • Community Amenities:Pool2: Yes
  • Exterior Amenities:Guard Gate: Yes

Fee Information

  • Trash Expense: 2750.0
  • Annual Water Sewer Expense: 7000.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: unknown
  • Additional Parcels: No
  • Parcel #: 127-32-020

Multi Family

  • Owner Pays: Other, See Remarks, Trash Collection, Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 22
  • Electric Expense: 3000.0
  • Annual Gross Income: 326486.5
  • Insurance Expense: 4400.0
  • Maintenance Expense: 7700.0
  • Property Net Operating Income: 259184.0
  • Annual Operating Expense: 68100.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 12356.0
  • Tax Book Number: 127.00
  • Tax Lot: 8

Range of Values:

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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 Change Sq Ft Price
05/07/2020 05/07/20 Sold $3,750,000 -2.8% $7,895 / Sq Ft
01/24/2020 01/24/20 Pending -- -- --
01/10/2020 01/10/20 For Sale $3,860,000 +44.3% $8,126 / Sq Ft
10/31/2018 10/31/18 Sold $2,675,000 -2.6% $5,632 / Sq Ft
09/04/2018 09/04/18 Price Changed $2,745,000 0.0% $5,779 / Sq Ft
06/08/2018 06/08/18 Pending -- -- --
05/08/2018 05/08/18 Price Changed $2,745,000 -1.8% $5,779 / Sq Ft
03/12/2018 03/12/18 Price Changed $2,795,000 -3.5% $5,884 / Sq Ft
02/28/2018 02/28/18 For Sale $2,895,000 0.0% $6,095 / Sq Ft
02/28/2018 02/28/18 Price Changed $2,895,000 +8.2% $6,095 / Sq Ft
02/15/2018 02/15/18 Off Market $2,675,000 -- --
02/09/2018 02/09/18 Price Changed $2,925,000 -0.8% $6,158 / Sq Ft
01/15/2018 01/15/18 For Sale $2,950,000 -- $6,211 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2020

    Royce Munroe

    Munroe Multifamily

    (480) 221-5449

    5 in this area

    22 Total Sales

    Royce Munroe
    Section Image
  • Terry Kass

    Seller's Agent in 2018

    Terry Kass

    R.O.I. Properties

    (602) 330-2525

    8 in this area

    29 Total Sales

    Terry Kass
    Section Image
  • Victoria Miachika

    Seller Co-Listing Agent in 2018

    Victoria Miachika

    REI Marketing

    (602) 459-0353

    6 in this area

    14 Total Sales

    Victoria Miachika
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6022435

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Maricopa County Phoenix 85018 Camelback East Village

3208 E Flower St, Phoenix, AZ

This home is located at 3208 E Flower St, Phoenix, AZ 85018 since 11 January 2020. This property was built in 1986. 3208 E Flower St is a home located in Maricopa County with nearby schools including Monte Vista Elementary School, Camelback High School, and Phoenix Coding Academy.

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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