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Key Details
Sold Price $3,487,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Orangedale Tract 1,2, & 7,8
MLS Listing ID 6921463
Sold Date 06/09/26
Year Built 1979
Annual Tax Amount $8,436
Tax Year 2024
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
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.
Location
State AZ
County Maricopa
Community Orangedale Tract 1, 2, & 7, 8
Area Maricopa
Zoning R-3
Interior
Heating Individual, Heat Pump, Electric, Ceiling
Cooling Central Air, Ceiling Fan(s), Electric, Individual
Flooring Ceramic Tile
Appliance Built-In Range, Disposal, Dishwasher, Refrigerator, Free-Standing Electric Oven, Built-In Electric Oven, Washer/Dryer
Exterior
Parking Features Paved, Free, >1 Space Per Unit, On Street
Community Features Barbecue, Pool
Roof Type Composition
Garage Yes
Private Pool Yes
Building
Sewer Sewer-In & Connected, Public Sewer
Water City Franchise
New Construction No
Schools
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 126-21-011
Acceptable Financing No Carry, Conventional, 1031 Exchange
Disclosures None
Listing Terms No Carry, Conventional, 1031 Exchange
Financing Other
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Bought with XCD Realty & Property Mgmt
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