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$3,975,000
1625 E Lamar Rd, Phoenix, AZ 85016
0 Beds
0 Baths
n/a SqFt

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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
  • ARMLS

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