$4,250,000
Phoenix, AZ 85050
MLS# 6818949
1 / 23
Property Description
Completed in 2015, Siesta 16 (''the Property'') features 16 units with spacious 2 Bdr 2 Bath floorplans, averaging 1,100 square feet per unit. New ownership will have the opportunity to acquire a rare, newly constructed garden-style asset at an attractive basis with the future opportunity of upgrading all unit interiors with premium finishes.
Details
Maps
Contract Info
Current Price: $4,250,000
List Price: $4,250,000
Status: Active
List Date: 2025-02-11
Ownership: Fee Simple
Location Tax Legal
House Number: 2525
Compass: E
Street Name: Siesta
St Suffix: Lane
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85050
Country: US
County Code: Maricopa
Assessor Number: 213-19-020-B
Tax Year: 2024
General Property Description
Lot Size Dimensions: 45,196 sq ft.
Year Built: 2015
Uncvrd Parking Spcs: 14
Total # of Units: 16
# of Buildings: 1
Zoning: R-4
Remarks Misc
Geo Lat: 33.65825
Geo Lon: -112.028487
Status Change Info
Status Change Date: 2025-02-11
Legal Info
Lot Number: na
Income Expenses
Gross Annual Sch Inc: 302214
Net Operating Income: 225913
Showing Notification Methods
Showing Service: No Showing Service Used
2 Bedroom Units
# 2 Bedroom Units: 16
Avg Rent: 1642
Avg SqFt: 1100
# Baths: 32
Property Features
Project Type: 13 - 24 Units
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Built-Up; Foam
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Appliances Included: Built-In Range; Refrigerator; Washer/Dryer
Cooling: Electric
Water Source: Master Meter
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: Carport; >1 Space Per Unit
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity
Source of Fincl Data: Owner; Projected Proforma
Lockbox Type: None
New Financing: Cash; Conventional; No Carry; 1031 Exchange
Environmental: None
Listing Office: Marcus & Millichap
Last Updated: February - 11 - 2025
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
You must be logged in to post a comment.