2011 N 51ST Street, Phoenix, AZ 85008
$3,999,000
Property Type:
Multiple Dwellings
Status:
Pending
Current Price:
$3,999,000
Last Modified:
3/11/2026
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.
More Information MLS# 6921463
Contract Info
Current Price: $3,999,000
List Price: $3,999,000
Status: Pending
List Date: 2025-09-04
Ownership: Fee Simple
Location Tax Legal
House Number: 2011
Compass: N
Street Name: 51ST
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85008
Zip4: 4238
Country: US
County Code: Maricopa
Subdivision: ORANGEDALE TRACT 1,2, & 7,8
Assessor Number: 126-21-011
Tax Year: 2024
General Property Description
Lot Size Dimensions: N/A
Year Built: 1979
Uncvrd Parking Spcs: 25
Total # of Units: 20
# of Buildings: 3
Zoning: R-3
Flood Zone: No
Elementary School District: Balsz Elementary District
High School District: Phoenix Union High School District
Remarks Misc
Cross Street: 51st Street & McDowell
Geo Lat: 33.469698
Geo Lon: -111.971136
Status Change Info
Off Market Date: 2026-03-11
Under Contract Date: 2025-11-17
Legal Info
Township: 2N
Range: 4E
Section: 32
Lot Number: 12
Income Expenses
Gross Annual Sch Inc: 376680
Net Operating Income: 267579.9
Showing Notification Methods
Showing Service: No Showing Service Used
Efficiency Units
# Efficiency Units: 1
Avg Rent: 1009.93
Avg SqFt: 350
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 16
Avg Rent: 1420.8
Avg SqFt: 700
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1575
Avg SqFt: 855
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 2283.75
Avg SqFt: 1650
# Baths: 2
Property Features
Project Type: 13 - 24 Units
Construction: Block
Const - Finish: Painted; Other (See Remarks)
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Building(s) Only; Land & Building; Pool Equipment; Laundry Equipment
Community Features: Pool; Barbecue
Exterior Amenities: Landscape Water System; Desert Landscaping; Fenced; Partially Fenced; Separate Storage
Interior Features: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: Built-In Electric Oven; Free-Standing Electric Oven; Built-In Range; Refrigerator; Dishwasher; Disposal; Washer/Dryer
Heating: Ceiling; Individual; Heat Pump
Cooling: Ceiling Fan(s); Electric; Individual; Central Air
Water Source: City Franchise
Sewer: Sewer - Public; Sewer-In & Connected
Electric: SRP
Gas: None
Parking Features: Garage; On Street; >1 Space Per Unit; Free; Paved
Road Access Type: Dedicated Street
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping; Pool Maintenance
Tenant Pays: Electricity
Source of Fincl Data: Owner; Projected Proforma
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
New Financing: Cash; Conventional; No Carry; 1031 Exchange
Environmental: None
Listing Office: Orion Investment Real Estate
Last Updated: March - 11 - 2026
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