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
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.
More Information MLS# 6022435
Contract Info
Ownership: Fee Simple Current Price: $3,750,000 Sold Price: $3,750,000 Status: Closed List Date: 2020-01-10
Location, Tax & Legal
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 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
General Property Description
# of Buildings: 2 Uncvrd Parking Spcs: 25 Lot Size Dimensions: unknown Total # of Units: 22 Elementary School District: Creighton Elementary District High School District: Phoenix Union High School District Year Built: 1986 Zoning: R-4
Legal Info
Range: 3E Section: 25 Township: 2N Lot Number: 8
Project Type
13 - 24 Units: 1
Construction
Wood Frame: 1
Const - Finish
Stucco: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Sale Includes
Land & Building: 1
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
Email: 1
Lockbox Type
None: 1
Community Features
Pool: 1
Heating
Other: 1 See Remarks: 1
Cooling
Other: 1 See Remarks: 1
Exterior Amenities
Guard Gate: 1
Tenant Pays
Electricity: 1
Appliances Included
Dishwasher: 1 Disposal: 1 Microwave: 1 Refrigerator: 1 Free-Standing Range: 1 Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Electric
Other (See Remarks): 1
Gas
Other (See Remarks): 1
Owner Pays
Water: 1 Sewer: 1 Trash Collection: 1 Other: 1 See Remarks: 1
New Financing
Conventional: 1 Other (See Remarks): 1
Existing 1st Loan
Other (See Rmks): 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Other (See Remarks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Other (See Remarks): 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Other (See Remarks): 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Other (See Remarks): 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 8 Avg Rent: 1095 Avg SqFt: 625 # Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 14 Avg Rent: 1325 Avg SqFt: 745 # Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional Loan Years: 25 Closing Cost Split: Normal - N Payment Type: Fixed Buyer Concession to Seller: 0 Buyer Concession $/%: $ Seller Concession to Buyer: 0 Seller Concession $/%: $
Remarks Misc
Cross Street: 32nd Street & Indian School Directions: South to Flower and East to Property. Geo Lat: 33.486514 Geo Lon: -112.012012
Status Change Info
Off Market Date: 2020-01-28 Under Contract Date: 2020-01-24 Close of Escrow Date: 2020-05-07 Sold Price: $3,750,000
Income Expenses
Gross Annual Sch Inc: 327720 Net Operating Income: 259184
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
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.