$1,110,000
Phoenix, AZ 85016
MLS# 6358534
Status: Closed
1 / 36
Property Description
Attention INVESTORS! Amazing opportunity to add this income producing, turnkey triplex to your portfolio. PRIME location close to Biltmore, Camelback Corridor, easy access to 51 freeway, restaurants, upscale shopping, and hiking trails. 11 minutes from Sky Harbor International Airport. Fully remodeled three large 2 bedroom/2 bath units (each around 950sf) each with in suite washer & dryer, covered patio off dining area, 1 covered parking spot and extra storage off carport for each unit. Roof and HVAC replaced approx. 8 years ago. All units have new modern kitchens and bathrooms, upgraded tile flooring throughout. All appliances convey with the sale.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $1,110,000
Sold Price: $1,110,000
Status: Closed
List Date: 2022-02-21
Location, Tax & Legal
Assessor's Map #: 1
Legal Description (Abbrev): LOT 7 ADA ACRES MCR 008450
Assessor's Parcel #: 51
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 108400
Taxes: 2231
Legal: LOT 7 ADA ACRES MCR 008450
Marketing Name: Turnkey Triplex
Map Code/Grid: P35
House Number: 3127
Compass: E
Street Name: Glenrosa
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85016
Zip4: 8516
County Code: Maricopa
Subdivision: ADA ACRES
Assessor Number: 163-01-051
Tax Year: 2021
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 3
Lot Size Dimensions: 8955
Total # of Units: 3
Elementary School District: Madison Elementary District
High School District: Phoenix Union High School District
Elementary School: Madison Elementary School
Jr. High School: Madison Park School
High School: Camelback High School
Year Built: 1962
Zoning: R-3
Legal Info
Range: 3E
Section: 23
Township: 2N
Lot Number: 7
Project Type
Tri-Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Laundry Equipment: 1
Income & Expenses
Annual Ins Exp: 1700
Annual Landscape Exp: 800
Annual Wtr/Swr Exp: 1680
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 6411
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 72000
Pmt & Rate Info
Cap Rate: 5.7
Equity: 1150000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Individual: 1
Cooling
Electric: 1
Individual: 1
Exterior Amenities
Patio/Balcony: 1
Separate Storage: 1
Interior Features
Unfurnished: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Refrigerator: 1
Built-In Range: 1
Washer/Dryer: 1
Other: 1
Road Access Type
Alley: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
Free: 1
1 Space/Unit: 1
Paved: 1
Add'l Parking Avail: 1
Electric
SRP: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
VA: 1
Conventional: 1
1031 Exchange: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Contact Info
List Agent Home Phn: 480-242-1778
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 2000
Avg SqFt: 950
# Baths: 2
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Other
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: Indian School Rd & 32nd St
Directions: North on 32nd St to Glenrosa Ave, West on Glenrosa to the property on the corner
Geo Lat: 33.498164
Geo Lon: -112.014522
Status Change Info
Off Market Date: 2022-06-29
Under Contract Date: 2022-06-02
Close of Escrow Date: 2022-07-05
Sold Price: $1,110,000
Income Expenses
Gross Annual Sch Inc: 72000
Net Operating Income: 65589
Property Features
Project Type: Tri-Plex
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Land & Building; Laundry Equipment
Community Features: No Pool
Exterior Amenities: Patio/Balcony; Separate Storage
Interior Features: Unfurnished
Appliances Included: Built-In Range; Refrigerator; Dishwasher; Washer/Dryer; Other
Heating: Individual
Cooling: Electric; Individual
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: None
Parking Features: Carport; 1 Space/Unit; Add'l Parking Avail; Free; Paved
Road Access Type: Alley
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner; Projected Proforma
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
New Financing: VA; Conventional; 1031 Exchange
Environmental: None
Supplements
Continue renting as long term unfurnished (current market rates are $2000+ for 2/2 units) or furnish and turn this amazing property into short term rental to maximize profits. Low maintenance desert landscaping, no HOA. Separate electric meters. Owner pays for water/sewer/garbage. Beautiful residential area.
Listing Office: HomeSmart
Last Updated: December - 16 - 2025
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