4525 N 40TH Street, Phoenix, AZ 85018 (MLS# 6917400)

4525 N 40TH Street, Phoenix, AZ 85018

$11,600,000
Property Type: Multiple Dwellings Bedrooms: 24 Baths: 24 Status: Active
Current Price: $11,600,000 Last Modified: 8/25/2026

Overview

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.

Listing Details MLS# 6917400

Location, Tax & Legal

House Number
4525
Compass
N
Street Name
40TH
St Suffix
Street
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85018
Zip4
3645
Country
US
County Code
Maricopa
Subdivision
LUXE ON 40TH
Assessor Number
171-19-144
Tax Year
2022

Contract Info

Ownership
Condominium

General Property Description

Lot Size Dimensions
180 x 120
Year Built
2023
Uncvrd Parking Spcs
5
Total # of Units
8
# of Buildings
2
Zoning
C-N
Elementary School District
Scottsdale Unified District
High School District
Scottsdale Unified District

Remarks Misc

Cross Street
40th Street and Camelback
Directions
South to Property

Legal Info

Township
2N
Range
4E
Section
19
Lot Number
5

3 Bedrooms Units

# 3 Bedroom Units
8
Avg Rent
5500
Avg SqFt
2500
# Baths
3

More Information

Structure

Bedrooms Total
24
Bathrooms Total
24

Income Expenses

Gross Annual Sch Inc
528000
Net Operating Income
579600

Showing Notification Methods

Showing Service
Aligned Showings

Contact Info

List Agent Home Phn
602-332-5812

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: August - 25 - 2026
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