The property offers an investor diverse options of ownership and divestment: operate as a multifamily conventional rental project, luxury AirBNB, or divestas single sale townhomes to owner-occupiers. The property is located a short distance from downtown Phoenix and The Biltmore Corridor, a premier upscale residential and financial district, Paradise Valley and Old Town Scottsdale. Reflection is expected to be completed Q2 2022.
- Price:
- $3,975,000
- Year Built:
- 2022
- Listing ID #:
- 6395647
- Street Address:
- 1625 E Lamar Rd
- City:
- Phoenix
- State:
- Arizona
- Postal Code:
- 85016
- County:
- Maricopa
- Subdivision:
- Reflection
- Listing Status:
- Active
- Listing Type:
- ResidentialMultiFamily
School District: 210 - Phoenix Union High School District
- Construction Description:
- Frame - Wood
- Exterior Features:
- Desert Landscaping, Fenced, Landscape Wtr System, Patio/Balcony
- Flooring:
- Wood
- Interior Features:
- Breakfast Bar, Fire Sprinklers, Fire/Smoke Alarm(s), Other (see Remarks), Unfurnished
- Number Of Units:
- 4.00
- Siding:
- Other (see Remarks), Painted, Stucco
- Type Of Roof:
- Foam
- Year Built:
- 2022
- Adjusted Gross Income:
- 228000.00
- Net Operating Income:
- 216600.00
- Operating Expense:
- 4369.00
- Conforms To Zoning:
- R3
- Community Features:
- No Pool, Play Area
- Included In Sale:
- Land & Building
- Terms:
- Conventional
- Owner Pays:
- Landscaping, Other, Sewer
- Property Taxes:
- $4,369
- Tenant Pays:
- Cable Tv, Electric, Gas, Trash, Water
- Covered Parking Spaces:
- 8.00
- Parking Description:
- >1 Space Per Unit, Attached, Garage
- Parking Spaces:
- 8.00
- Appliances:
- Dishwasher, Disposal, F/S Oven/Range, Microwave, Refrigerator, W/D Hookup
- Cooling System:
- 2 Or More Units, Ceiling Fan(s), Central A/C, Energy Star Qualified Equipment, Heat Pump
- Electricity:
- Aps, Individual Meter
- Existing Water:
- City Franchise, Individual Meter
- Gas:
- Individual Meter, Sw Gas
- Heating:
- 2 Or More Units, Central, Electric, Energy Star Qualified Equipment, Individual
- Sewage Type:
- Sewer - Public, Sewer-In & Connected
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listings Provided by Rei Marketing
