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.
- Price:
- $12,000,000
- Year Built:
- 2023
- Listing ID #:
- 6530313
- Street Address:
- 4525 N 40th St
- City:
- Phoenix
- State:
- Arizona
- Postal Code:
- 85018
- County:
- Maricopa
- Subdivision:
- Luxe On 40th
- Listing Status:
- Active
- Listing Type:
- ResidentialMultiFamily
- Construction Description:
- Frame - Wood
- Flooring:
- Ceramic Tile
- Number Of Units:
- 8.00
- Siding:
- Stucco
- Type Of Roof:
- Foam
- Year Built:
- 2023
- Adjusted Gross Income:
- 624000.00
- Annual Gas Expenses:
- 2400.00
- Annual Insurance Expenses:
- 7500.00
- Net Operating Income:
- 579600.00
- Operating Expense:
- 54700.00
- Conforms To Zoning:
- C-N
- Community Features:
- No Pool
- Included In Sale:
- Land & Building
- Terms:
- Conventional
- Owner Pays:
- Gas, Landscaping, Sewer, Trash Collection, Water
- Property Taxes:
- $44,000
- Tenant Pays:
- Electric
- Covered Parking Spaces:
- 16.00
- Parking Description:
- Garage
- Parking Spaces:
- 21.00
- Appliances:
- Bi Oven/Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer/Dryer
- Cooling System:
- Central A/C
- Electricity:
- Srp
- Existing Water:
- City Franchise
- Gas:
- Sw Gas
- Heating:
- Natural Gas
- Sewage Type:
- Sewer - Public
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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
- Listing Provided By: Warren Petersen with Network Realty
