3234 N 38th Street, Phoenix, AZ 85018
$2,600,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$2,600,000
Last Modified:
3/18/2026
Description
Built in 1962, Trinity Arcadia Apartments was fully remodeled and repositioned in 2015. Interior property upgrades include in-suite laundry, stainless-steel appliance package, double stainless steel sinks with garbage disposal and retractable multi-setting faucet, upgraded countertops with porcelain tile backsplash, stained concrete floors, porcelain tile shower surrounds with new fixtures, premium lighting, and low-flow toilets. The revamped exterior features a manicured courtyard featuring a stainless steel barbecue grill, steel pergola, swimming pool, pet friendly accommodations, keyed entry pedestrian gates and covered parking. Trinity Arcadia is centrally located in the Arcadia-area of Phoenix near trendy Arcadia restaurants, Biltmore shopping, and the Camelback Corridor.
More Information MLS# 5468826
Contract Info
Ownership: Fee Simple
Current Price: $2,600,000
Sold Price: $2,600,000
Status: Closed
List Date: 2016-07-10
Location, Tax & Legal
Assessor's Map #: 23
Assessor's Parcel #: 38
Add'l Parcels: No
Tax Municipality: Phoenix
Taxes: 8682
Legal: Lot 44, of CITRUS ACRES, according to the plat of record, Maricopa County, Arizona, in Book 17 of Maps, page 29.
Marketing Name: Trinity Arcadia
Map Code/Grid: P35
House Number: 3234
Compass: N
Street Name: 38th
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85018
County Code: Maricopa
Subdivision: CITRUS ACRES LOTS 21-60
Assessor Number: 127-23-038
Tax Year: 2015
General Property Description
# of Buildings: 3
Uncvrd Parking Spcs: 2
Lot Size Dimensions: 134.32 x 301.92
Total # of Units: 16
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Year Built: 1962
Zoning: R-3, Phoenix
Legal Info
Range: 3E
Section: 25
Township: 2N
Lot Number: 44
Project Type
13 - 24 Units: 1
Construction
Block: 1
Wood Frame: 1
Slump Block: 1
Const - Finish
Painted: 1
Brick Veneer: 1
Roofing
Composition: 1
Tile: 1
Floors
Concrete: 1
Vinyl: 1
Sale Includes
Land & Building: 1
Pool Equipment: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 3475
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 7200
Annual Mgmt Exp: 16013
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 3200
Annual Other Expense: 23887
Other Income: 3700
Vacancy Allowance: 0.05
Adjusted Gross Inc: 232529.6
Total Monthly Rental Income: 20089
Pmt & Rate Info
Cap Rate: 6.02
Down Payment: 2830000
Equity: 2830000
Down Payment %: 100
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Community Features
Pool: 1
Barbecue: 1
Heating
Electric: 1
Individual: 1
Cooling
Ceiling Fan(s): 1
Electric: 1
Individual: 1
Exterior Amenities
Landscape Water System: 1
Green Landscaping: 1
Desert Landscaping: 1
Fenced: 1
Cable TV Available: 1
Patio/Balcony: 1
Security Light(s): 1
Interior Features
Fire/Smoke Alarm(s): 1
Vertical Blinds: 1
Mini Blinds: 1
Breakfast Bar: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Sewer-In & Connected: 1
Parking Features
Carport: 1
Free: 1
<1 Space Per Unit: 1
Paved: 1
Add'l Parking Avail: 1
Assigned: 1
Electric
SRP: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
Pool Maintenance: 1
New Financing
Conventional: 1
No Carry: 1
1031 Exchange: 1
Special
Owner/Agent: 1
Existing 1st Loan
Private: 1
Existing 1st Loan Type
Fixed: 1
Existing 1st Loan Terms
Non Assumable: 1
Interest Only: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
# Efficiency Units: 2
Avg Rent: 800
Avg SqFt: 240
# Baths: 2
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 13
Avg Rent: 1308
Avg SqFt: 1000
# Baths: 26
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 1485
Avg SqFt: 1285
# Baths: 2
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Loan Years: 10
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: 44th Street / Indian School Road
Directions: From 44th Street and Indian School Road, head west to 38th Street. Turn Left and head South on 38th Street to Property on West (Right-Hand) side of 38th Street.
Geo Lat: 33.487231
Geo Lon: -112.000438
Status Change Info
Off Market Date: 2016-11-02
Under Contract Date: 2016-09-13
Close of Escrow Date: 2016-11-04
Sold Price: $2,600,000
Income Expenses
Gross Annual Sch Inc: 241068
Net Operating Income: 170258
Property Features
Project Type: 13 - 24 Units
Construction: Block; Wood Frame; Slump Block
Const - Finish: Painted; Brick Veneer
Roofing: Composition; Tile
Floors: Concrete; Vinyl
Sale Includes: Land & Building; Pool Equipment
Community Features: Pool; Barbecue
Exterior Amenities: Landscape Water System; Green Landscaping; Desert Landscaping; Fenced; Cable TV Available; Patio/Balcony; Security Light(s)
Interior Features: Fire/Smoke Alarm(s); Vertical Blinds; Mini Blinds; Breakfast Bar
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Washer/Dryer
Heating: Individual
Cooling: Ceiling Fan(s); Electric; Individual
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public; Sewer-In & Connected
Electric: SRP; Individual Meter
Gas: None
Parking Features: Carport; <1 Space Per Unit; Add'l Parking Avail; Assigned; Free; Paved
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping; Pool Maintenance
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Special: Owner/Agent
Existing 1st Loan: Private
Existing 1st Loan Type: Fixed
Existing 1st Loan Terms: Non Assumable; Interest Only
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional; No Carry; 1031 Exchange
Environmental: None
Listing Office:
Vestis Group
Last Updated: March - 18 - 2026
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