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The Hera 3213 E Flower St 20 Unit Apartment Building $15,617,000 CAD ($780,850 CAD/Unit) Phoenix, AZ 85018



Investment Highlights
- 20 Townhome Units & Common Area (Complete Project), Built in 2023
- Each Townhome is Individually Parcelled (10 Total Duplexes)
- East Phoenix Location Minutes From Camelback & 44th Street Business Corridor, Biltmore Entertainment District, & Sky Harbor International Airport
- All 3-Bed / 3.5-Bath (100%) Unit Types (1,734 SF)
- Community Amenities Include Pool & Fitness Center
- Offered All Cash / New Loan
Executive Summary
The Hera Luxury Townhomes is a 20-unit townhome community in the East submarket of Phoenix, AZ. Situated between 32nd Street and 36th Street just south of East Osborn Road and north of Thomas Road, the property sits approximately three miles from Phoenix Sky Harbor International Airport, approximately six miles from Downtown Phoenix, and approximately eight miles from Downtown Tempe. Residents enjoy a premium, central location with multiple access points to all areas of Phoenix by way of the Red Mountain Freeway (Loop 202), Piestewa Freeway (State Route 51), Pima Freeway (State Route 101), Hohokam Expressway (State Route 143), and the Papago Freeway (Interstate 10). Immediate neighborhood conveniences and services include: Fry’s Food and Drug, Walmart Supercenter, Walgreens, The Home Depot, Planet Fitness, Target, Micro Center, and Costco Wholesale.
The property is surrounded by multiple dining, entertainment, and shopping hubs which includes the Fashion Square Mall district at Old Town Scottsdale, the Mill Avenue entertainment district in downtown Tempe, and a multitude of event venues and dining options in Downtown Phoenix. Residents will have access to some of the valley’s most popular local destinations within a 20-minute drive. A selection of hiking and outdoor recreational activities are nearby which also include the Phoenix Zoo, Desert Botanical Gardens, and a multitude of golf courses.
The Hera Luxury Townhomes features a total of 20 townhome units arranged in 10 three-story buildings with wood-frame construction, stucco exterior finishes, and built-up foam roofing situated on approximately 0.86 acres of land. The property features 20 three-bedroom / three-and-a-half bathroom units averaging 1,734 square feet. Common area amenities include: swimming pool, fitness center, and electric vehicle charging stations. Each unit is individually metered for electricity with all units featuring washer and dryer appliances. Interior amenities include: air conditioning / heating, vinyl-wood flooring, walk-in closet, ceiling fans, and fully equipped kitchens with stainless steel appliance package which includes: refrigerator, oven / stove, dishwasher, and island kitchen. All units are provided with direct-access two-car garages.
Significant employers in close proximity to the property include the numerous companies located in Midtown and Downtown Phoenix as well as Arizona State University, The Phoenician Resort, Shamrock Foods Company, and Sky Harbor International Airport.
The property is surrounded by multiple dining, entertainment, and shopping hubs which includes the Fashion Square Mall district at Old Town Scottsdale, the Mill Avenue entertainment district in downtown Tempe, and a multitude of event venues and dining options in Downtown Phoenix. Residents will have access to some of the valley’s most popular local destinations within a 20-minute drive. A selection of hiking and outdoor recreational activities are nearby which also include the Phoenix Zoo, Desert Botanical Gardens, and a multitude of golf courses.
The Hera Luxury Townhomes features a total of 20 townhome units arranged in 10 three-story buildings with wood-frame construction, stucco exterior finishes, and built-up foam roofing situated on approximately 0.86 acres of land. The property features 20 three-bedroom / three-and-a-half bathroom units averaging 1,734 square feet. Common area amenities include: swimming pool, fitness center, and electric vehicle charging stations. Each unit is individually metered for electricity with all units featuring washer and dryer appliances. Interior amenities include: air conditioning / heating, vinyl-wood flooring, walk-in closet, ceiling fans, and fully equipped kitchens with stainless steel appliance package which includes: refrigerator, oven / stove, dishwasher, and island kitchen. All units are provided with direct-access two-car garages.
Significant employers in close proximity to the property include the numerous companies located in Midtown and Downtown Phoenix as well as Arizona State University, The Phoenician Resort, Shamrock Foods Company, and Sky Harbor International Airport.
Property Facts
| Price | $15,617,000 CAD | Apartment Style | Garden |
| Price Per Unit | $780,850 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.86 AC |
| No. Units | 20 | Building Size | 34,680 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2023 |
| Zoning | R-4 | ||
| Price | $15,617,000 CAD |
| Price Per Unit | $780,850 CAD |
| Sale Type | Investment |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.86 AC |
| Building Size | 34,680 SF |
| No. Stories | 2 |
| Year Built | 2023 |
| Zoning | R-4 |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Freezer
- Patio
Site Amenities
- 24 Hour Access
- Controlled Access
- Fitness Center
- Pool
- Tenant Controlled HVAC
- Storage Space
- Car Charging Station
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3.5 | 20 | - | 1,734 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $204 CAD | Total Assessment | $639,384 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$204 CAD
Improvements Assessment
$0 CAD
Total Assessment
$639,384 CAD
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The Hera | 3213 E Flower St
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