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1611 E Lamar Rd
Phoenix, AZ 85016
Lamar 4 · Multifamily Property For Sale
·
4 Units
Investment Highlights
- Stainless-steel Bosch appliances, Toto toilets, quartz countertops, large island, and a gas fireplace.
- North Central location providing access to hiking trails, premiere dining and entertainment.
- Low-maintenance brand new construction
- The bottom floor units have private two-car garages and oversized backyards equipped with grills and exterior firepits.
Executive Summary
Completed in 2024, Lamar 4 presents four apartment residences featuring spacious floorplans, including 1-bedroom, 1-bath and 3-bedroom, 3-bath units, with average sizes of 850 and 2,200 square feet, respectively. Each residence is equipped with a modern kitchen, complete with full-size stainless-steel refrigerators, granite countertops, subway tile backsplashes, and custom cabinetry with soft-close doors, and interior fireplaces.
Enhancing the boutique community feel, Lamar 4 offers private patios or balconies, 9-foot ceilings, walk-in closets, and a resort-style pool, providing the perfect blend of luxury and practicality. The bottom floor units have private two-car garages and oversized backyards equipped with grills and exterior firepits.
Enhancing the boutique community feel, Lamar 4 offers private patios or balconies, 9-foot ceilings, walk-in closets, and a resort-style pool, providing the perfect blend of luxury and practicality. The bottom floor units have private two-car garages and oversized backyards equipped with grills and exterior firepits.
Property Facts
| Price Per Unit | $835,524 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.27 AC |
| Cap Rate | 5.79% | Building Size | 5,900 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment | Parking Ratio | 1.36/1,000 SF |
| Zoning | R-3 - Residential | ||
| Price Per Unit | $835,524 CAD |
| Sale Type | Investment |
| Cap Rate | 5.79% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.27 AC |
| Building Size | 5,900 SF |
| No. Stories | 2 |
| Year Built | 2024 |
| Parking Ratio | 1.36/1,000 SF |
| Zoning | R-3 - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Fireplace
- Washer/Dryer
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1.5 | 2 | - | 850 |
| 3+3 | 2 | - | 2,200 |
Property Taxes
| Parcel Number | 164-34-003 | Improvements Assessment | $0 CAD |
| Land Assessment | $36,027 CAD | Total Assessment | $36,027 CAD |
Property Taxes
Parcel Number
164-34-003
Land Assessment
$36,027 CAD
Improvements Assessment
$0 CAD
Total Assessment
$36,027 CAD
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