1611 E Lamar Rd - Apartments FOR SALE


Phoenix, AZ 85016- North Phoenix
$2,450,000 USD
602-687-6744
1611 E Lamar Rd, Phoenix, AZ for Sale
$2,450,000 USD
Apartments - FOR SALE
1/2
null | 5.79% Cap Rate

1611 E Lamar Rd
Phoenix, AZ 85016
North Phoenix


HIGHLIGHTS

  • Stainless-steel Bosch appliances, Toto toilets, quartz countertops, large island, and a gas fireplace.
  • Low-maintenance brand new construction
  • North Central location providing access to hiking trails, premiere dining and entertainment.
  • The bottom floor units have private two-car garages and oversized backyards equipped with grills and exterior firepits.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$415 USD /SF

# OF UNITS

4

PRICE/UNIT

$612,500

CAP RATE

5.79%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lamar 4

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2024

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,707 SF

ZONING

R-3

APN/PARCEL ID

164-34-003

ASK ABOUT THIS PROPERTY

Sean ConnollyMarcus & MillichapMore Info
602-687-6744

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Sean ConnollyMarcus & MillichapMore Info
602-687-6744

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.