2525 E Siesta Lane, Phoenix, AZ 85050
$4,250,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$4,250,000
Last Modified:
2/11/2025
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.
More Information MLS# 6818949
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
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