3208 E FLOWER Street, Phoenix, AZ 85018 (MLS# 6022435)

3208 E FLOWER Street, Phoenix, AZ 85018

$3,750,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $3,750,000 Last Modified: 8/23/2023

Overview

Description

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.

Listing Details MLS# 6022435

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
2019

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
unknown
Year Built
1986
Uncvrd Parking Spcs
25
Total # of Units
22
# of Buildings
2
Zoning
R-4
Elementary School District
Creighton Elementary District
High School District
Phoenix Union High School District

Remarks Misc

Cross Street
32nd Street & Indian School
Directions
South to Flower and East to Property.

Status Change Info

Off Market Date
2020-01-28
Under Contract Date
2020-01-24
Close of Escrow Date
2020-05-07

Legal Info

Township
2N
Range
3E
Section
25
Lot Number
8

More Information

1 Bedroom Units

# 1 Bedroom Units
8
Avg Rent
1095
Avg SqFt
625
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
14
Avg Rent
1325
Avg SqFt
745
# Baths
Yes

Income Expenses

Gross Annual Sch Inc
327720
Net Operating Income
259184

Sold Info

Loan Type
Conventional
Loan Years
25
Payment Type
Fixed
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$

Property Features

Project Type: 13 - 24 Units Construction: Wood Frame Const - Finish: Stucco Roofing: Composition Floors: Vinyl Sale Includes: Land & Building Community Features: Pool Exterior Amenities: Guard Gate Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Heating: Other; See Remarks Cooling: Other; See Remarks Water Source: City Franchise Sewer: Sewer - Public Electric: Other (See Remarks) Gas: Other (See Remarks) Parking Features: >1 Space Per Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Other; See Remarks Tenant Pays: Electricity Source of Fincl Data: Owner Showing Notification Methods: Email Lockbox Type: None Existing 1st Loan: Other (See Rmks) Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Other (See Remarks) Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Other (See Remarks) Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Other (See Remarks) New Financing: Conventional; Other (See Remarks) Environmental: None
IDX
Listing Office: ABI Multifamily
Last Updated: August - 23 - 2023
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