Properties
Phoenix, AZ 85008 2011 N 51ST Street
$3,999,000
Pending
53 more
Presented By: Orion Investment Real Estate; 480-634-6934
Garage • 1
Home Details
Tropicana Apartments is a well-positioned, mostly renovated 20-unit multifamily community in the desirable Papago submarket of Metro Phoenix. Built in 1979 on 1.31 acres, the property offers 14,960 square feet of rentable space with a mix of floor plans averaging 748 square feet. Since 2020, the property has benefited from more than $420,000 in capital improvements, including pool refinishing, upgraded landscaping, new appliances, cabinetry, countertops, entry gate enhancements, and the installation of 15 new HVAC units, among other updates.
Presented By: Orion Investment Real Estate; 480-634-6934
Interior Features for 2011 N 51ST Street
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringCeramic Tile
Heating Y/NYes
General for 2011 N 51ST Street
Additional Parcels Y/NNo
Attached Garage No
Cap Rate6.69
Carport Y/NNo
CityPhoenix
Community FeaturesBarbecue, Pool
Construction MaterialsPainted, Block
CoolingCentral Air, Ceiling Fan(s), Electric, Individual
CountyMaricopa
DisclosuresNone
ElectricSRP
Elementary School DistrictBalsz Elementary District
Garage Y/NYes
Gross Income380567.11
HeatingIndividual, Heat Pump, Electric, Ceiling
High School DistrictPhoenix Union High School District
Lease Considered Y/NNo
Lease Renewal Y/NNo
MobileHomeRemainsYNNo
Net Operating Income267579.9
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
Number Of Units Total20
Open Parking Spaces25.0
Operating Expense8436.0
OwnerPaysPool Maintenance, Trash Collection, Water, Sewer, Landscaping
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofComposition
Senior CommunityN
SewerSewer-In & Connected, Public Sewer
Standard StatusPending
StatusPending
Subdivision NameORANGEDALE TRACT 1, 2, & 7, 8
Tax Annual Amount8436.0
Tax Lot12
Tax Year2024
Township2N
Year Built1979
ZoningR-3
Exterior for 2011 N 51ST Street
Covered Spaces2.0
Crops Included Y/NNo
Irrigation Water Rights Y/NNo
Lot DimensionsN/A
Number of Buildings3
Parking FeaturesPaved, Free, >1 Space Per Unit, On Street
Road Surface TypeAsphalt
SpaNo
Total Parking27.0
Water SourceCity Franchise
Additional Details
Price History
