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
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
More Information MLS# 6487558
Contract Info
Ownership: Fee Simple Current Price: $3,500,000 Sold Price: $3,500,000 Status: Closed List Date: 2022-10-31
Location, Tax & Legal
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 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 County Code: Maricopa Subdivision: Lamar Townhomes Assessor Number: 164-34-005 Tax Year: 2021
General Property Description
# of Buildings: 2 Uncvrd Parking Spcs: 0 Lot Size Dimensions: irregular Flood Zone: No Total # of Units: 4 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 Year Built: 2023 Zoning: R3
Legal Info
Range: 3E Section: 10 Township: 2N Lot Number: 1,2,3,4
Project Type
Four Plex: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1 Stucco: 1 Siding: 1
Roofing
Foam: 1
Floors
Wood: 1 Ceramic Tile: 1
Sale Includes
Land & Building: 1
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: 1 Email: 1 Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1 Other: 1
Heating
Electric: 1 Individual: 1 Central: 1 2 or More Units: 1
Cooling
Ceiling Fan(s): 1 Central Air: 1 Electric: 1 Heat Pump: 1 2 or More Units: 1
Exterior Amenities
Desert Landscaping: 1 Fenced: 1 Curb(s) & Gutter(s): 1 Patio/Balcony: 1
Interior Features
Unfurnished: 1 Fire/Smoke Alarm(s): 1 Mini Blinds: 1 Breakfast Bar: 1 Other (See Remarks): 1
Tenant Pays
Gas: 1 Water: 1 Electricity: 1 Trash Collection: 1 Cable TV: 1
Appliances Included
Dishwasher: 1 Disposal: 1 Microwave: 1 Refrigerator: 1 Free-Standing Range: 1 W/D Hookup: 1
Road Surface Type
Concrete: 1
Source of Fincl Data
Projected Proforma: 1
Water Source
City Franchise: 1 Individual Meter: 1
Sewer
Sewer - Public: 1 Sewer-In & Connected: 1
Parking Features
Garage: 1 On Street: 1 >1 Space Per Unit: 1 Attached: 1 Garage Door Opener: 1
Electric
APS: 1 Individual Meter: 1
Gas
SW Gas: 1 Individual Meter: 1
Owner Pays
Sewer: 1 Landscaping: 1 Other: 1
New Financing
Conventional: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Boundary Survey Avlb: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
# 4 Bedroom Units: 4 Avg Rent: 4750 Avg SqFt: 2752 # Baths: 3
Sold Info
Loan Type: Conventional Loan Years: 30 Closing Cost Split: Normal - N Payment Type: Fixed Buyer Concession to Seller: 0 Buyer Concession $/%: $ Seller Concession to Buyer: 99000 Seller Concession $/%: %
Remarks Misc
Cross Street: 16th Street and Glendale Directions: 16th Street block south of Glendale to Lamar , East to property Geo Lat: 33.536552 Geo Lon: -112.046275
Status Change Info
Off Market Date: 2023-07-29 Under Contract Date: 2023-04-08 Close of Escrow Date: 2023-06-30 Sold Price: $3,500,000
Income Expenses
Gross Annual Sch Inc: 240000 Net Operating Income: 216600
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
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