$11,600,000
4525 N 40TH Street
Phoenix, AZ 85018
MLS# 6917400

09-40th.scene
  1 / 98  
09-40th.scene 30-40th.scene 49 - 40th 48 - 40th 17 - 40th QPT Photo - _L1A9634 QPT Photo - _L1A9635 QPT Photo - _L1A9637 QPT Photo - _L1A9641 QPT Photo - _L1A9642 QPT Photo - _L1A9643 QPT Photo - _L1A9644 QPT Photo - _L1A9646 QPT Photo - _L1A9647 QPT Photo - _L1A9649 QPT Photo - _L1A9650 QPT Photo - _L1A9651 QPT Photo - _L1A9652 QPT Photo - _L1A9653 QPT Photo - _L1A9654 QPT Photo - _L1A9655 QPT Photo - _L1A9657 QPT Photo - _L1A9664 QPT Photo - _L1A9665 QPT Photo - _L1A9666 QPT Photo - _L1A9667 QPT Photo - _L1A9669 QPT Photo - _L1A9674 QPT Photo - _L1A9677 QPT Photos - DSC_0191 QPT Photos - DSC_0193 QPT Photos - DSC_0196 QPT Photos - DSC_0197 copy QPT Photos - DSC_0198 QPT Photos - DSC_0199 QPT Photos - DSC_0200 QPT Photos - DSC_0202 QPT Photos - DSC_0203 QPT Photos - DSC_0205 QPT Photos - DSC_0206 QPT Photos - DSC_0207 QPT Photos - DSC_0208 QPT Photos - DSC_0210 QPT Photos - DSC_0211 QPT Photos - DSC_0217 QPT Photos - DSC_0218 QPT Photos - DSC_0220 QPT Photos - DSC_0222 QPT Photos - DSC_0223 QPT Photos - DSC_0224 QPT Photos - DSC_0225 QPT Photos - DSC_0227 QPT Photos - DSC_0228 QPT Photos - DSC_0229 QPT Photos - DSC_0232 QPT Photos - DSC_0233 QPT Photos - DSC_3031 QPT Photos - DSC_3032 QPT Photos - DSC_3033 QPT Photos - DSC_3035 QPT Photos - DSC_3036 QPT Photos - DSC_3037 QPT Photos - DSC_3039 QPT Photos - DSC_3040 QPT Photos - DSC_3041 QPT Photos - DSC_3042 QPT Photos - DSC_3043 QPT Photos - DSC_3045 QPT Photos - DSC_3046 QPT Photos - DSC_3047 QPT Photos - DSC_3048 QPT Photos - DSC_3049 QPT Photos - DSC_3050 QPT Photos - DSC_3051 QPT Photos - DSC_3052 QPT Photos - DSC_3054 QPT Photos - DSC_3055 QPT Photos - DSC_3056 QPT Photos - DSC_3058 QPT Photos - DSC_3059 QPT Photos - DSC_3060 QPT Photos - DSC_3063 QPT Photos - DSC_3064 QPT Photos - DSC_3065 QPT Photos - DSC_3066 QPT Photos - DSC_3067 QPT Photos - DSC_3068 02 - 40th 03 - 40th 13 - 40th 14 - 40th 20 - 40th 30 - 40th 18 - 40th 19 - 40th 20 - 40th 31 - 40th 47 - 40th

Property 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.

Details
Maps
Contract Info
Ownership: Condominium
Current Price: $11,600,000
List Price: $11,600,000
Status: Active
List Date: 2025-09-09
Location, Tax & Legal
Assessor's Map #: 19
Legal Description (Abbrev): LOT 5 LUXE ON 40TH MCR 133230
Assessor's Parcel #: 144
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 108200
Taxes: 44000
Legal: LUXE ON 40TH MCR 133230
Marketing Name: Luxe on 40th
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
# of Buildings: 2
Uncvrd Parking Spcs: 5
Lot Size Dimensions: 180 x 120
Total # of Units: 8
Elementary School District: Scottsdale Unified District
High School District: Scottsdale Unified District
Year Built: 2023
Zoning: C-N
Legal Info
Range: 4E
Section: 19
Township: 2N
Lot Number: 5
Project Type
5 - 12 Units: 1
Construction
Wood Frame: 1
Const - Finish
Stucco: 1
Roofing
Foam: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 2400
Annual Ins Exp: 3600
Annual Landscape Exp: 6700
Annual Legal & Acctg: 1200
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 5000
Owner Association: Yes
Annual Ownr Asoc Fee: 33600
Operating Exp: 96500
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 528000
Pmt & Rate Info
Cap Rate: 5
Equity: 11600000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Natural Gas: 1
Cooling
Central Air: 1
Exterior Amenities
Green Landscaping: 1
Patio/Balcony: 1
Tenant Pays
Gas: 1
Electricity: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Built-In Range: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Books Shwn Accpt Ofr: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Garage: 1
Electric
SRP: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Conventional: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Contact Info
List Agent Home Phn: 602-332-5812
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
# 3 Bedroom Units: 8
Avg Rent: 5500
Avg SqFt: 2500
# Baths: 3
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 40th Street and Camelback
Directions: South to Property
Geo Lat: 33.503495
Geo Lon: -111.994988
Income Expenses
Gross Annual Sch Inc: 528000
Net Operating Income: 579600
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
IDX
Listing Office: Network Realty

Last Updated: September - 10 - 2025

Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

Search powered by FBS Products
Select one or more locations to search for properties
Property Type
Property Sub Types
Property Sub Types