3629 N 37TH Street, Phoenix, AZ 85018
$920,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$920,000
Last Modified:
3/18/2026
Description
Arcadia Flats @ 37th Street offers style and convenience while raising the bar for urban apartment living in central Phoenix. Developed in 1955 and 1962, the subject property was fully renovated in 2017, using high-end finishes and updated with modern contemporary design. The unit mix is comprised of seven (7) 1-bedroom / 1-bathroom units of approximately 527 square feet.
Community amenities consist of a manicured courtyard and covered parking. The apartments all have in-suite laundry and private patios. Arcadia Flats @ 37th Street is centrally located in the Arcadia-area of Phoenix near trendy Arcadia restaurants, Biltmore shopping, the Camelback Corridor, Downtown Phoenix and the Valley freeway system.
More Information MLS# 5652715
Contract Info
Ownership: Fee Simple
Current Price: $920,000
Sold Price: $920,000
Status: Closed
List Date: 2017-08-28
Location, Tax & Legal
Assessor's Map #: 24
Legal Description (Abbrev): LOT 170 NORTH CITRUS ACRES AMD MCR 002346
Assessor's Parcel #: 4
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 110902
Taxes: 1764
Legal: LOT 170 NORTH CITRUS ACRES AMD MCR 002346
Marketing Name: Arcadia Flats
Map Code/Grid: P35
House Number: 3629
Compass: N
Street Name: 37TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85018
Zip4: 5828
County Code: Maricopa
Subdivision: NORTH CITRUS ACRES AMD
Assessor Number: 127-24-004
Tax Year: 2016
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 8
Lot Size Dimensions: 67 x 249
Total # of Units: 7
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Year Built: 1955
Zoning: R-3, Phoenix
Legal Info
Range: 3E
Section: 25
Township: 2N
Lot Number: 170
Project Type
5 - 12 Units: 1
Construction
Block: 1
Wood Frame: 1
Slump Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 1846
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 2800
Annual Mgmt Exp: 5027
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 1400
Annual Other Expense: 7021
Operating Exp: 19858
Other Income: 5250
Vacancy Allowance: 0.05
Adjusted Gross Inc: 76807.5
Pmt & Rate Info
Cap Rate: 6.02
Down Payment: 950000
Equity: 950000
Down Payment %: 100
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Community Features
No Pool: 1
Play Area: 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
Patio/Balcony: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
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
Sewer
Sewer - Public: 1
Sewer-In & Connected: 1
Parking Features
Carport: 1
Free: 1
>1 Space Per Unit: 1
Electric
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
No Carry: 1
1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 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
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 7
Avg Rent: 900
Avg SqFt: 527
# Baths: 7
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: 38th Street, Indian School Road
Directions: From 38th Street & Indian School Road, Head South on 38th Street to Clarendon Avenue, Turn Right (West) on Clarendon Avenue, Turn left (South) on 37th Street, Property on left hand (East) side.
Geo Lat: 33.490646
Geo Lon: -112.001515
Status Change Info
Off Market Date: 2017-10-03
Under Contract Date: 2017-09-28
Close of Escrow Date: 2017-10-31
Sold Price: $920,000
Income Expenses
Gross Annual Sch Inc: 75600
Net Operating Income: 57211
Property Features
Project Type: 5 - 12 Units
Construction: Block; Wood Frame; Slump Block
Const - Finish: Painted
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool; Play Area
Exterior Amenities: Landscape Water System; Green Landscaping; Desert Landscaping; Fenced; Patio/Balcony
Appliances Included: Free-Standing Range; Refrigerator; Disposal; Washer/Dryer
Heating: Individual
Cooling: Ceiling Fan(s); Electric; Individual
Water Source: City Franchise
Sewer: Sewer - Public; Sewer-In & Connected
Electric: Individual Meter
Gas: None
Parking Features: Carport; >1 Space Per Unit; Free
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
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: No Carry; 1031 Exchange
Environmental: None
Listing Office:
Vestis Group
Last Updated: March - 18 - 2026
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