1625 E LAMAR Road, Phoenix, AZ 85016

$3,500,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $3,500,000 Last Modified: 1/28/2026

Overview

Description

Reflection is a Luxury 4 home townhome development offering an investor diverse options of ownership and divestment: operate as a multifamily conventional rental project, luxury AirBNB, or divest as single sale townhomes to owner-occupiers. Each home offers up to 4 bedrooms with den and range in size from 2648 sf to 2856sf. Stunning appointments include Hardwood flooring , 10ft ceilings , Gourmet kitchens with 36 inch Jennair Gas range , Large quartz islands, Multi side doors to ground floor patios and large viewing decks off primary bedrooms. Each home also has a bedroom and full bath on the ground floor as well and dual HVAC systems, Tankless Gas HW and EV prepared outlet in each garage . Primary Bath has free standing tub and oversized shower. Yards are generous and private .

Supplements: The property is located a short distance from downtown Phoenix and The Biltmore Corridor, a premier upscale residential and financial district, Paradise Valley and Old Town Scottsdale

Listing Details MLS# 6487558

Location, Tax & Legal

Map Code/Grid: N35
House Number: 1625
Compass: E
Street Name: LAMAR
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85016
Country: US
County Code: Maricopa
Subdivision: Lamar Townhomes
Assessor Number: 164-34-005
Tax Year: 2021
Assessor's Map #: 34
Legal Description (Abbrev): LOT 5 TOWN HEIGHTS MCR 005531
Assessor's Parcel #: 5
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 106400
Taxes: 4369
Legal: LOT 1 ,2,3, and 4 Lamar Townhomes
Marketing Name: Reflection

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: irregular
Year Built: 2023
Total # of Units: 4
# of Buildings: 2
Zoning: R3
Flood Zone: No
Elementary School District: Madison Elementary District
High School District: Phoenix Union High School District
Elementary School: Madison #1 Middle School
High School: Central High School
Uncvrd Parking Spcs: 0

Remarks Misc

Cross Street: 16th Street and Glendale
Directions: 16th Street block south of Glendale to Lamar , East to property

Status Change Info

Off Market Date: 2023-07-29
Under Contract Date: 2023-04-08
Close of Escrow Date: 2023-06-30

Legal Info

Township: 2N
Range: 3E
Section: 10
Lot Number: 1,2,3,4

More Information

Income Expenses

Gross Annual Sch Inc: 240000
Net Operating Income: 216600

4 Bedrooms Units

# 4 Bedroom Units: 4
Avg Rent: 4750
Avg SqFt: 2752
# Baths: 3

Sold Info

Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession to Buyer: 99000
Seller Concession $/%: %
Buyer Concession to Seller: 0

Project Type

Four Plex: Yes

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes
Siding: Yes

Roofing

Foam: Yes

Floors

Wood: Yes
Ceramic Tile: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 4369
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 240000

Pmt & Rate Info

Cap Rate: 5.72
Equity: 3785000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Showing Notification Methods

Text: Yes
Email: Yes
Phone Call: Yes

Lockbox Type

None: Yes

Community Features

No Pool: Yes
Other: Yes

Heating

Electric: Yes
Individual: Yes
Central: Yes
2 or More Units: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes
Electric: Yes
Heat Pump: Yes
2 or More Units: Yes

Exterior Amenities

Desert Landscaping: Yes
Fenced: Yes
Curb(s) & Gutter(s): Yes
Patio/Balcony: Yes

Interior Features

Unfurnished: Yes
Fire/Smoke Alarm(s): Yes
Mini Blinds: Yes
Breakfast Bar: Yes
Other (See Remarks): Yes

Tenant Pays

Gas: Yes
Water: Yes
Electricity: Yes
Trash Collection: Yes
Cable TV: Yes

Appliances Included

Dishwasher: Yes
Disposal: Yes
Microwave: Yes
Refrigerator: Yes
Free-Standing Range: Yes
W/D Hookup: Yes

Road Surface Type

Concrete: Yes

Source of Fincl Data

Projected Proforma: Yes

Water Source

City Franchise: Yes
Individual Meter: Yes

Sewer

Sewer - Public: Yes
Sewer-In & Connected: Yes

Parking Features

Garage: Yes
On Street: Yes
>1 Space Per Unit: Yes
Attached: Yes
Garage Door Opener: Yes

Electric

APS: Yes
Individual Meter: Yes

Gas

SW Gas: Yes
Individual Meter: Yes

Owner Pays

Sewer: Yes
Landscaping: Yes
Other: Yes

New Financing

Conventional: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Existing 1st Loan Type

Not Applicable: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Existing 2nd Loan

Treat as Free&Clear: Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Treat as Free&Clear: Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

Boundary Survey Avlb: Yes

Environmental

None: Yes

Existing Othr Ln Trm

Not Applicable: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

2 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: Four Plex Construction: Wood Frame Const - Finish: Painted; Stucco; Siding Roofing: Foam Floors: Wood; Ceramic Tile Sale Includes: Land & Building Community Features: No Pool; Other Exterior Amenities: Desert Landscaping; Fenced; Curb(s) & Gutter(s); Patio/Balcony Interior Features: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds; Breakfast Bar; Other (See Remarks) Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; W/D Hookup Heating: Individual; Central; 2 or More Units Cooling: Ceiling Fan(s); Electric; Heat Pump; Central Air; 2 or More Units Water Source: City Franchise; Individual Meter Sewer: Sewer - Public; Sewer-In & Connected Electric: APS; Individual Meter Gas: SW Gas; Individual Meter Parking Features: Garage; On Street; >1 Space Per Unit; Attached; Garage Door Opener Road Surface Type: Concrete Owner Pays: Landscaping; Other Tenant Pays: Water; Electricity; Gas; Trash Collection; Cable TV Source of Fincl Data: Projected Proforma Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Conventional Environmental: None

Listing Office: REI Marketing

Last Updated: January - 28 - 2026