$2,675,000
SOLD OCT 31, 2018
-- Bed
-- Bath
475 Sq Ft
1986 Built

Recently Sold

$5,632 Per Sq Ft

8% Below List Price

144 Days on Market

Highlights

  • Wood Flooring
  • Heated Community Pool
  • Ceiling Fan
  • Phoenix Coding Academy Rated A
  • Cooling Available

About This Home

As of May 2020

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.

Last Agent to Sell the Property

Terry Kass

R.O.I. Properties License #BR503783000 Listed on: 01/26/2018

Co-Listed By

Victoria Miachika

REI Marketing License #BR639322000

Last Buyer's Agent

Terry Kass

Blue Saguaro Commercial Realty, LLC License #BR503783000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,634

Year Built

  • Built in 1986

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Metal Construction or Metal Frame
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Wood
  • Concrete

Parking

  • 22 Open Parking Spaces
  • 22 Parking Spaces

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for cable TV
  • 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 30486 sq. ft.
  • Valencia Acres Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $11,634

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,634

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Cross Street: N. 32nd Street
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Multifamily
  • Number Of Buildings: 2
  • Year Built: 1986
  • Tax Year: 2017
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s)
  • Co List Office Mls Id: gpci01
  • Co List Office Phone: 602-703-5277
  • Subdivision Name: VALENCIA ACRES
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood, Concrete
  • 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
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Stucco, Frame - Metal, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Construction:Frame - Metal: Yes

Garage/Parking

  • Open Parking Spaces: 22.0
  • Total Parking Spaces: 22.0
  • General Property Description:Uncvrd Parking Spcs: 22.0
  • General Property Description:Total Parking Spcs: 22.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: Individual Meter
  • Cooling: Heat Pump, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Water Source: City Franchise

Condo/Co-op/Association

  • Community Features: Heated Pool(s), Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:Pool2: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Exterior Amenities:Guard Gate: Yes
  • Community Amenities:Heated Pool(s): Yes

Lot Info

  • Lot Size: 30486 sq. ft.
  • Additional Parcels: No
  • Parcel #: 127-32-020

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 22
  • Annual Operating Expense: 11634.0

Tax Info

  • Tax Annual Amount: 11634.0
  • 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

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5714865

Arizona Regional Multiple Listing Service (ARMLS)