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1625 E Lamar Road

Phoenix, AZ 85016
  • $3,975,000
  • STATUS: Active
  • ON SITE: 54 Days
  • MLS #: 6395647
UPDATED: 48 min ago
$3,975,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
2022
County:
Area:

School Ratings & Info

Description

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.Reflection is a bespoke community of four two-story townhomes offering a contemporary, luxury experience for residents. Each exceptionally designed home features between 2648-2856 square feet of open concept living comprised of floor plans up to 5 bedrooms and three bathrooms with two car oversized attached garages. The bright open spaces are further complemented by first floor patios and large yards, second floor oversized balconies with city or mountain views, open kitchens with premium appliances, 10ft main level ceilings, and an abundance of storageEach unit features energy efficient LED Lighting throughout all living spaces with designer 8 foot interior doors, and dual pane low energy windows. Additional premium materials include Delta Bath fixtures, Decora style switches and outlets and modern iron stair railing in architectural black. Floors are Engineered wood with premium 100% nylon Berber carpet in bedroom and closet.

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Arizona Regional MLS logo© 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Yost Realty Group at RE/MAX Casa Grande. Data last updated 2022-06-30T21:14:33.503.
www.yosthomes.com/homes/128459812
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1625 E Lamar Road Phoenix, AZ 85016

  • Price: $3,975,000
  • Status: Active
  • On Site: 54 Days
  • Updated: 48 min ago
  • MLS #: 6395647
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2022
Built
Neighborhood:
Reflection
County:
Maricopa
Area:
Phoenix
School District:
038 - Madison Elementary District
Property Description
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.Reflection is a bespoke community of four two-story townhomes offering a contemporary, luxury experience for residents. Each exceptionally designed home features between 2648-2856 square feet of open concept living comprised of floor plans up to 5 bedrooms and three bathrooms with two car oversized attached garages. The bright open spaces are further complemented by first floor patios and large yards, second floor oversized balconies with city or mountain views, open kitchens with premium appliances, 10ft main level ceilings, and an abundance of storageEach unit features energy efficient LED Lighting throughout all living spaces with designer 8 foot interior doors, and dual pane low energy windows. Additional premium materials include Delta Bath fixtures, Decora style switches and outlets and modern iron stair railing in architectural black. Floors are Engineered wood with premium 100% nylon Berber carpet in bedroom and closet.
Exterior Features

Construction Frame - Wood Construction Finish Other (See Remarks)PaintedStucco Covered Parking Spaces 8.00 Exterior Amenities Desert LandscapingFencedLandscape Wtr SystemPatio/Balcony Lot Size Dimensions irregular Parking >1 Space Per UnitAttachedGarage Roads Asphalt Roofing Foam

Interior Features

1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 0 2 Bedroom Units Baths 0 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 2752 4 Bedroom Unit Baths 3 Appliances Included DishwasherDisposalF/S Oven/RangeMicrowaveRefrigeratorW/D Hookup Cooling 2 Or More UnitsCeiling Fan(S)Central A/CEnergy Star Qualified EquipmentHeat Pump Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Wood Heating 2 Or More UnitsCentralElectricEnergy Star Qualified EquipmentIndividual Interior Amenities Breakfast BarFire SprinklersFire/Smoke Alarm(S)Other (See Remarks)Unfurnished

Property Features

1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 0.00 2 Bedroom Units 0 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 4750.00 4 Bedroom Units 4 Adjusted Gross Inc 228000.00 Annual Ownr Asoc Fee 0.00 Community Amenities No PoolPlay Area Cross Street 16th Street And Glendale Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric ApsIndividual Meter Gas Individual MeterSw Gas Gross Annual Sch Inc 228000.00 Hoa YN No Net Operating Income 216600.00 New Financing Conventional Operating Exp 4369.00 Other Income 0.00 Owner Pays LandscapingOtherSewer Project Type Four Plex Sale Includes Land & Building Sewer Sewer - PublicSewer-In & Connected Source Of Financial Data Projected Proforma Tax Municipality Phoenix Taxes 4369.00 Tenant Pays Cable TvElectricGasTrashWater Vacancy Allowance 0.00 Water City FranchiseIndividual Meter Zoning R3

Arizona Regional MLS logo Listing provided by Rei Marketing: (602) 715-0232.


Arizona Regional MLS logo© 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Yost Realty Group at RE/MAX Casa Grande. Data last updated 2022-06-30T21:14:33.503.
 
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Yost Realty Group at RE/MAX Casa Grande
317 E. Cottonwood Lane, Suite C
Casa Grande AZ, 85122