MLS# 6917400 – 4525 N 40th Street, Phoenix, AZ 85018

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$11,600,000 - 24Br/Ba - for Sale in Luxe On 40th, Phoenix
Price: $11,600,000
Units: 8
Status: Active
Year Built: 2023
Neighborhood: Luxe On 40th
Days on Website: 359

Courtesy of Network Realty

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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.

Open House

Property Details and Features

  • Property Access
  • Road Surface: Asphalt
  • Appliances & Equipment
  • Built-In Range
  • Disposal
  • Dishwasher
  • Refrigerator
  • Microwave
  • Washer/Dryer
  • Bathrooms
  • 24 total bathrooms
  • Bedrooms
  • 24 total bedrooms
  • Building
  • Built in 2023
  • 2 buildings
  • Construction Materials: Wood Frame, Stucco
  • Community
  • No Pool
  • Cooling
  • Central Air
  • Disclosures
  • Seller Prop Disc Stm
  • Expenses
  • Fuel: $2,400
  • Gardener: $6,700
  • Insurance: $3,600
  • Operating: $96,500
  • Water/Sewer: $5,000
  • Floors
  • Ceramic Tile
  • Heating
  • Natural Gas
  • Income
  • Gross Income: $528,000
  • Gross ScheduledIncome: $528,000
  • Net Operating Income: $579,600
  • Listing
  • Listing ID: 6917400
  • Standard Status: Active
  • MLS Status: Active
  • 360 days on market
  • Location
  • Subdivision: LUXE ON 40TH
  • County/Parish: Maricopa
  • Lot
  • Dimensions: 180 x 120
  • Owner Pays
  • Trash Collection
  • Water
  • Sewer
  • Landscaping
  • Parking
  • 16 covered spaces
  • 5 open parking spaces
  • 21 total parking spaces
  • Roof
  • Foam
  • Schools
  • Elementary School District: Scottsdale Unified District
  • High School District: Scottsdale Unified District
  • Sewer
  • Public Sewer
  • Taxes
  • Additional parcels description:
  • Parcel Number: 171-19-144
  • Public Survey Range: 4E
  • Public Survey Section: 19
  • Annual Amount: $44,000
  • Tax Book Number: 171.00
  • Legal Description: LOT 5 LUXE ON 40TH MCR 133230
  • Lot: 5
  • Year: 2022
  • Zoning: C-N
  • Utilities
  • Water Source: City Franchise
  • SRP

Property Map

$11,600,000 – 4525 N 40th Street, Phoenix, AZ 85018

Street View

Nearby Schools

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Brian Young PLLC
DPR Realty LLC
Phone: 602-405-3949 Direct
Phone: 480-990-SOLD (7653)
8341 E Gelding Drive, Scottsdale, AZ 85260
Fax:

Request More Information

Brian Young PLLC
DPR Realty LLC
Phone: 602-405-3949 Direct
Phone: 480-990-SOLD (7653)
8341 E Gelding Drive, Scottsdale, AZ 85260
Fax:

Schedule a Showing

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This content last updated on September 4, 2026 11:58PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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