3027 E GRANDVIEW Road 1, Phoenix, AZ 85032
$3,100,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$3,100,000
Last Modified:
10/28/2025
Description
The Grandview Portfolio is a 16-unit, garden-style community built in 1984 with solid block construction. Comprised of four fully condo-mapped, single-story buildings on individual parcels, the property offers flexible exit strategies. Each spacious 2-bed/1-bath unit (approx. 900 SF) features private fenced patios, full-size appliances, large picture windows, washer/dryer hookups, and covered entries. The site includes 24 covered parking spaces, pitched roofs, mature landscaping, copper plumbing, individual electric metering, and recently installed sewer clean-outs. Ideally located near 32nd Street and Bell Road, the property offers excellent access to SR-51, Loop 101, and nearby retail, dining, and employment hubs—making it a strong investment in a high-demand North Phoenix submarket.
More Information MLS# 6879328
Contract Info
Ownership: Fee Simple
Current Price: $3,100,000
List Price: $3,100,000
Status: Active
List Date: 2025-06-12
Location, Tax & Legal
Unit #: 1
Assessor's Map #: 31
Legal Description (Abbrev): GRANDVIEW NORTH CONDOMINIUM MCR 300-22 UNIT 0001 BLDG 000A TOG WI AN UNDIV 1/16 INT IN THE COMMON
Assessor's Parcel #: 270
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 103304
Taxes: 482
Legal: GRANDVIEW NORTH CONDOMINIUM MCR 300-22 UNIT 0001 BLDG 000A TOG WI AN UNDIV 1/16 INT IN THE COMMON
Marketing Name: Grandview Condos
House Number: 3027
Compass: E
Street Name: GRANDVIEW
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85032
Zip4: 3053
County Code: Maricopa
Subdivision: GRANDVIEW NORTH CONDOMINIUM UNITS 1-4 BLDGS A-D
Assessor Number: 214-31-270
Tax Year: 2024
General Property Description
# of Buildings: 4
Uncvrd Parking Spcs: 8
Lot Size Dimensions: multiple parcels
Total # of Units: 16
Elementary School District: Paradise Valley Unified District
High School District: Paradise Valley Unified District
Year Built: 1984
Zoning: R-3
Legal Info
Range: 3E
Section: 2
Township: 3N
Lot Number: 1
Project Type
13 - 24 Units: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Floors
Ceramic Tile: 1
Sale Includes
Other (See Remarks): 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 482
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 268000
Total Monthly Rental Income: 0
Pmt & Rate Info
Cap Rate: 6.43
Equity: 3312000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
Other: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Central Air: 1
Heat Pump: 1
Tenant Pays
Electricity: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Free-Standing Electric Oven: 1
Refrigerator: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Concrete: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
>1 Space Per Unit: 1
Electric
City Electric: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Other (See Remarks): 1
Reports/Disclosures
Other (See Remarks): 1
Environmental
Other (See Remarks): 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 16
Avg Rent: 1480
Avg SqFt: 910
# Baths: 8
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Geo Lat: 33.635108
Geo Lon: -112.016632
Income Expenses
Gross Annual Sch Inc: 268000
Net Operating Income: 213000
Property Features
Project Type: 13 - 24 Units
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Other (See Remarks)
Community Features: No Pool
Appliances Included: Free-Standing Electric Oven; Refrigerator; Dishwasher; Disposal; Washer/Dryer
Cooling: Heat Pump; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: City Electric
Gas: None
Parking Features: Carport; >1 Space Per Unit
Road Surface Type: Asphalt; Concrete
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity
Source of Fincl Data: Owner
Lockbox Type: Other
New Financing: Other (See Remarks)
Environmental: Other (See Remarks)
Listing Office:
ABI Multifamily
Last Updated: October - 28 - 2025
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