$11,600,000

4525 N 40th St Phoenix, AZ 85018

Camelback East Village Neighborhood

Estimated payment $64,323/month

Total Views 9,254
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heating System Uses Natural Gas
  • Hopi Elementary School Rated A

About This Home

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.

Listing Agent

Warren Petersen

Network Realty License #BR515354000 Listed on: 09/09/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $44,000

Year Built

  • Built in 2023

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Stucco

Parking

  • 5 Open Parking Spaces
  • 21 Parking Spaces
  • 16 Covered Spaces

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Additional Features

  • Ceramic Tile Flooring
  • Additional Parcels

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 171-19-144

Community Details

Overview

  • 2 Buildings
  • 8 Units
  • Building Dimensions are 180 x 120
  • Luxe On 40Th Subdivision

Building Details

  • Operating Expense $96,500
  • Gross Income $528,000
  • Net Operating Income $579,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$44,000

Year Built

Built in 2023

Lot Details

0

Listing Details

  • Cross Street: 40th Street and Camelback
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: C-N
  • Number Of Buildings: 2
  • Ownership: Condominium
  • Year Built: 2023
  • Tax Year: 2022
  • Road Surface Type: Asphalt
  • Subdivision Name: LUXE ON 40TH
  • Garage Yn: Yes
  • Cooling:Central Air: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Built-In Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Stucco
  • Roof: Foam

Garage/Parking

  • Total Covered Spaces: 16.0
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 21.0
  • General Property Description:Covered Parking Spcs: 16.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 21.0
  • Parking Features:Garage: Yes

Utilities

  • Electric: SRP
  • Cooling: Central Air
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:PatioBalcony: Yes

Fee Information

  • Annual Fuel Expense: 2400.0
  • Annual Water Sewer Expense: 5000.0

Schools

  • Junior High Dist: Scottsdale Unified District

Lot Info

  • Lot Size: 180 x 120
  • Additional Parcels: Yes
  • Parcel #: 171-19-144

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 8
  • Annual Gross Income: 528000.0
  • Insurance Expense: 3600.0
  • Property Net Operating Income: 579600.0
  • Annual Operating Expense: 96500.0

Tax Info

  • Tax Annual Amount: 44000.0
  • Tax Book Number: 171.00
  • Tax Lot: 5

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/09/2025 09/09/25 For Sale $11,600,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6917400

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85018 Camelback East Village

4525 N 40th St, Phoenix, AZ

For Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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Warren Petersen
Listing Agent
Warren Petersen
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Network Realty
(623) 281-2048