3217 E FLOWER Street, Phoenix, AZ 85018, Phoenix, 85018 - 6 bed, 5 bath
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Phoenix, AZ 85018
This Renovated Income-Producing Estate is listed at $1,100,000, aligning perfectly with its $1,100,000 Fair Market Value. Boasting a Condition Rating of 2, the property features extensive 2021-2022 updates to major systems and a Diving Pool with Spa on a rare 0.5-Acre Irrigated Lot. With a proven $77,100 Annual Rental Income and no HOA, this asset offers significant cash flow potential in the prestigious Arcadia/Biltmore Corridor. It is an exceptional acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield, multi-generational residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3217 E FLOWER Street Subject | $1,100,000* List Price | 6 | 5 | 2,318 | $475 | - |
A 3229 E CLARENDON Avenue Sold | $950,000 List Price | 4 | 4 | 2,768 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property underwent extensive renovations in 2021-2022, which included updates to the kitchen, bathrooms, appliances, flooring, A/C, plumbing, and electrical wiring. The interior features modern stainless steel appliances, granite countertops, updated tile flooring, and recessed lighting. Despite the 1962 original build date, the recent comprehensive updates to major systems and finishes align with the criteria for a fully renovated property with minimal physical depreciation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 23823, living area = 2318.
Situated in the highly desirable Arcadia/Biltmore Corridor on a rare half-acre irrigated lot with no HOA, offering significant space, privacy, and room for recreational vehicles.
The property boasts a strong rental history with a gross yearly income of $77,100, providing a high-yield opportunity for investors targeting medical or professional tenants.
Fitting 6 bedrooms and 5 bathrooms into 2,318 square feet suggests very small individual room dimensions and a potentially cramped interior flow.
The roof was only partially updated during the recent renovations, which may necessitate additional capital expenditure for the remaining sections in the near future.
SPECIAL FINANCING AVAILABLE!!! Fantastic family home or great investor opportunity. Highly desirable 1/2 acre lot location on the Arcadia/Biltmore Corridor. 6 bedroom. 5 bathroom. Rental opportunity for medical or other professionals. Yearly Rental Income - $77,100. Yearly expenses - $14,556. Yearly Income After Expenses - $62,544. Kitchen, bath, appliances, R/O, custom window coverings, floors, A/C, wiring, plumbing, and roof partially updated in 2021-2022. Great common area living space. Diving pool with spa. Outside gas fireplace and gas pit. Plenty of parking. R/V gate. 1/2 acre lot with lots of open space for your toys. NO HOA. Irrigated lot. Citrus trees.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 97% |
| Baths | 5.0 | 3.0 | 80% |
| Square foot | 2,318 | 2,705 | 37% |
| Lot Size | 23,823 | 9,936 | 86% |
| Price | $1.10M | $1.15M | 49% |
| Price per sq ft | $475 | $473 | 50% |
| Built year | 1962 | 1961 | 51% |
| HOA | $0 | $0 | 50% |
| Days on market | 287 | 1537 | 29% |
Jul 13, 2025
$1,100,000
Initial Listing