4525 N 40TH Street, Phoenix, AZ 85018 - MLS #6917400

images$11,600,000 images******** Beds

images******** Bath images2023

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Description

8 brand new high end condos in the coveted Arcadia area known for great office, retail and restaurants. All 3 bed 3 bath 2 car garage Average about 2500 sq ft. Currently renting out for $5000/month-7000/month. Each unit has it's own private elevator.

Property Features
Project Type: 5 - 12 Units
Construction: Wood Frame
Const - Finish: Stucco
Roofing: Foam
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Green Landscaping; Patio/Balcony
Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Heating: Natural Gas
Cooling: Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking Features: Garage
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Gas
Source of Fincl Data: Owner; Books Shwn Accpt Ofr
Lockbox Type: None
New Financing: Conventional
Environmental: None
Contract Info
Current Price: $11,600,000
List Price: $11,600,000
Status: Active
List Date: 2025-09-09
Ownership: Condominium
Location Tax Legal
House Number: 4525
Compass: N
Street Name: 40TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85018
Zip4: 3645
County Code: Maricopa
Subdivision: LUXE ON 40TH
Assessor Number: 171-19-144
Tax Year: 2022
General Property Description
Lot Size Dimensions: 180 x 120
Year Built: 2023
Uncvrd Parking Spcs: 5
Total # of Units: 8
# of Buildings: 2
Zoning: C-N
Elementary School District: Scottsdale Unified District
High School District: Scottsdale Unified District
Remarks Misc
Cross Street: 40th Street and Camelback
Directions: South to Property
Geo Lat: 33.503495
Geo Lon: -111.994988
Legal Info
Township: 2N
Range: 4E
Section: 19
Lot Number: 5
Income Expenses
Gross Annual Sch Inc: 528000
Net Operating Income: 579600
Showing Notification Methods
Showing Service: Aligned Showings
3 Bedrooms Units
# 3 Bedroom Units: 8
Avg Rent: 5500
Avg SqFt: 2500
# Baths: 3
Contact Info
List Agent Home Phn: 602-332-5812