4525 N 40TH Street
Phoenix,
AZ $12,000,000
8 brand new high end condos in Arcadia. All 3 bed 3 bath 2 car garage Average about 2500 sq ft. Currently renting out for $6500/month. Each unit has it's own private elevator.
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Listing ID6530313
Price$12,000,000
StatusActive
CountyMaricopa
SubdivisionLUXE ON 40TH
Year Built2023
Property TypeMultifamily Residential
Property Sub Type5 - 12 Units
County
Maricopa
Property Sub Type
5 - 12 Units
Property Type
Multifamily Residential
Subdivision
LUXE ON 40TH
Year Built
2023
Zoning
C-N
3 Bedrooms Units
8
3 Bedrooms Units - Average SqFt
2500
3 Bedrooms Units - Number of Baths
3
Appliances Included
BI Oven/Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer/Dryer
Cooling
Central A/C
Floors
Ceramic Tile
Heating
Natural Gas
Total Units
8
Construction
Frame - Wood
Covered Parking Spaces
16
Exterior Finish
Stucco
Lot Size Dimensions
180 x 120
Parking
Garage
Roofing
Foam
Total Parking Spaces
21
Country
USA
Lot Number
5
Map Code/Grid
P36
Range
4E
Section
19
Township
2N
Community Amenities
No Pool
Electric
SRP
Gas
SW Gas
Marketing Name
Luxe on 40th
Owner Association
Yes
Sewer
Sewer - Public
Water
City Franchise
3 Bedrooms Units - Average Rent
6500
Adjusted Gross Income
624000
Annual Gas Expense
2400
Annual Insurance Expense
7500
Annual Owner Association Fee
800
Contingency Type
No
Financial Data Source
Provided by Owner
Gross Annual Scheduled Income
624000
Net Operating Income
579600
New Financing
Conventional
Operating Expense
54700
Owner Pays
Gas, Landscaping, Sewer, Trash Collection, Water
Sale Includes
Land & Building
Tax Municipality
Phoenix
Taxes
44000
Tenant Pays
Electric
Contact - Listing ID 6530313
Mario Romero
Address:
1102 W. Portland StPhoenix, AZ 85007
United States
Phone: 602-252-4191
Phone Alt: 602-920-0306
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Contact
Contact - Listing ID 6530313
Mario Romero
Address:
1102 W. Portland StPhoenix, AZ 85007
United States
Phone: 602-252-4191
Phone Alt: 602-920-0306
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