Properties
Phoenix, AZ 85016 1611 E LAMAR Road
$2,450,000
4 more
Presented By: RMB Realty LLC; 602-315-2888
Garage • 1
Home Details
Fabulous centrally located investment opportunity. These new & modern four units with custom finishes affords a perfect owner-occupied luxurious lifestyle. The property was designed with a 2,000 ft.ยฒ owners three bedroom 3 1/2 bath home. The property consists of two, three bedrooms three bath homes and two one bedroom one bath apartments. The three bedroom units include gas fireplace. Superb location right off the 51 freeway with easy access to Sky Harbor Airport and Downtown Phoenix. Situated next to the Sprouts shopping center at 16th St. & Glendale. Adjacent to the canal with an easy walk to the Biltmore Hotel. Must see to appreciate!
Presented By: RMB Realty LLC; 602-315-2888
Interior Features for 1611 E LAMAR Road
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringVinyl
Heating Y/NYes
General for 1611 E LAMAR Road
Additional Parcels Y/NNo
Attached Garage No
Cap Rate4.92
Carport Y/NNo
CityPhoenix
Community FeaturesNo Pool
Construction MaterialsWood Frame, Painted, Stucco
CoolingCeiling Fan(s), Electric
CountyMaricopa
DirectionsHead South On 16th Make First Left Shopping Center Onto Lamar Rd. Property is the second building on the right.
DisclosuresNone
ElectricAPS
Elementary School DistrictMadison Elementary District
Garage Y/NYes
Gross Income136972.8
HeatingCeiling
High School DistrictPhoenix Union High School District
Lease Considered Y/NNo
Lease Renewal Y/NNo
MobileHomeRemainsYNNo
Net Operating Income120600.0
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
Number Of Units Total4
Occupancy TypeTenant
Open Parking Spaces2.0
Operating Expense11957.0
OwnerPaysLandscaping
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofRolled/Hot Mop
Senior CommunityN
SewerPublic Sewer
Standard StatusActive Under Contract
StatusUCB (Under Contract-Backups)
Subdivision NameTOWN HEIGHTS
Tax Annual Amount11957.0
Tax Lot3
Tax Year2025
Township2N
Year Built2023
ZoningR3
Exterior for 1611 E LAMAR Road
Covered Spaces6.0
Crops Included Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions80' x 144'
Number of Buildings2
Parking FeaturesGarage Door Opener, >1 Space Per Unit, On Street, Carport
Road Surface TypeAsphalt
SpaNo
Total Parking8.0
Water SourceIndividual Meter
Additional Details
Price History
