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
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
- County Code
- Maricopa
- Subdivision
- VALENCIA ACRES
- Assessor Number
- 127-32-020
- Tax Year
- 2019
- Assessor's Map #
- 32
- Legal Description (Abbrev)
- VALENCIA AC LOT 8 EX W 200' .70 AC
- Assessor's Parcel #
- 20
- Add'l Parcels
- No
- Tax Municipality
- Phoenix
- Census Tract
- 110901
- Taxes
- 12356
- Legal
- VALENCIA AC LOT 8 EX W 200' .70 AC
- Marketing Name
- Flower 22
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
Income Expenses
- Gross Annual Sch Inc
- 327720
- Net Operating Income
- 259184
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
Sold Info
- Loan Type
- Conventional
- Loan Years
- 25
- Payment Type
- Fixed
- Closing Cost Split
- Normal - N
- Buyer Concession $/%
- $
- Seller Concession $/%
- $
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Project Type
- 13 - 24 Units
- Yes
Construction
- Wood Frame
- Yes
Const - Finish
- Stucco
- Yes
Roofing
- Composition
- Yes
Floors
- Vinyl
- Yes
Sale Includes
- Land & Building
- Yes
Income & Expenses
- Annual Elec Exp
- 3000
- Annual Gas Exp
- 0
- Annual Ins Exp
- 4400
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 1800
- Annual Legal & Acctg
- 0
- Annual Maint Exp
- 7700
- Annual Mgmt Exp
- 16364
- Annual Trash Exp
- 2750
- Annual Wtr/Swr Exp
- 7000
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 5500
- Annual Other Expense
- 7230
- Operating Exp
- 68100
- Other Income
- 15950
- Vacancy Allowance
- 0.05
- Adjusted Gross Inc
- 326486.5
Pmt & Rate Info
- Cap Rate
- 6.71
- Down Payment
- 1188000
- Equity
- 3860000
- Down Payment %
- 30
- Monthly Payments
- 12995.33
- Total Owed
- 0
- Assessment Balance
- 0
Showing Notification Methods
- Yes
Lockbox Type
- None
- Yes
Community Features
- Pool
- Yes
Heating
- Other
- Yes
- See Remarks
- Yes
Cooling
- Other
- Yes
- See Remarks
- Yes
Exterior Amenities
- Guard Gate
- Yes
Tenant Pays
- Electricity
- Yes
Appliances Included
- Dishwasher
- Yes
- Disposal
- Yes
- Microwave
- Yes
- Refrigerator
- Yes
- Free-Standing Range
- Yes
- Washer/Dryer
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- >1 Space Per Unit
- Yes
Electric
- Other (See Remarks)
- Yes
Gas
- Other (See Remarks)
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
- Other
- Yes
- See Remarks
- Yes
New Financing
- Conventional
- Yes
- Other (See Remarks)
- Yes
Existing 1st Loan
- Other (See Rmks)
- Yes
Existing 1st Loan Type
- Not Applicable
- Yes
Existing 1st Loan Terms
- Not Applicable
- Yes
Existing 2nd Loan
- Other (See Remarks)
- Yes
Existing 2nd Loan Type
- Not Applicable
- Yes
Existing 2nd Loan Terms
- Not Applicable
- Yes
Existing 3rd Loan
- Other (See Remarks)
- Yes
Existing 3rd Loan Type
- Not Applicable
- Yes
Reports/Disclosures
- Other (See Remarks)
- Yes
Existing 3rd Loan Terms
- Not Applicable
- Yes
Environmental
- None
- Yes
Existing Othr Ln Trm
- Other (See Remarks)
- Yes
Efficiency Units
- Avg Rent
- 0
3 Bedrooms Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
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
Listing Office:
ABI Multifamily
Last Updated: August - 23 - 2023
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