$4,250,000

2525 E Siesta Ln Phoenix, AZ 85050

Paradise Valley Neighborhood

Estimated payment $25,427/month

Total Views 2,061
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Mountain Trail Middle School Rated A-

About This Home

Completed in 2015, Siesta 16 (''the Property'') features 16 units
with spacious 2 Bdr 2 Bath floorplans, averaging 1,100 square
feet per unit. New ownership will have the opportunity to acquire
a rare, newly constructed garden-style asset at an attractive
basis with the future opportunity of upgrading all unit interiors
with premium finishes.

Listing Agent

Adam Saylor

Marcus & Millichap License #SA659585000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,472

Year Built

  • Built in 2015

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Foam Roof
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 14 Open Parking Spaces
  • 30 Parking Spaces
  • 16 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Assessor Parcel Number 213-19-020-B

Community Details

Overview

  • 16 Units
  • Building Dimensions are 45,196 sq ft.

Building Details

  • Operating Expense $82,405
  • Gross Income $295,750
  • Net Operating Income $225,913

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,472

Year Built

Built in 2015

Lot Details

0

Listing Details

  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2015
  • Tax Year: 2024
  • Road Surface Type: Asphalt
  • Professional Management Expense: 14009.0
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: BI Oven/Range, Washer/Dryer
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Built-Up, Foam
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 16.0
  • Parking Features: >1 Space Per Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 14.0
  • Total Parking Spaces: 30.0
  • General Property Description:Covered Parking Spcs: 16.0
  • General Property Description:Uncvrd Parking Spcs: 14.0
  • General Property Description:Total Parking Spcs: 30.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Lot Info

  • Lot Size: 45,196 sq ft.
  • Additional Parcels: No
  • Parcel #: 213-19-020-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 16
  • Electric Expense: 14845.0
  • Annual Gross Income: 295750.2
  • Insurance Expense: 9064.0
  • Maintenance Expense: 11200.0
  • Property Net Operating Income: 225913.0
  • Annual Operating Expense: 82405.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 20472.0
  • Tax Book Number: 213.00
  • Tax Lot: na

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/11/2025 02/11/25 For Sale $4,250,000 0.0% --
02/25/2016 02/25/16 Rented $995 0.0% --
12/16/2015 12/16/15 Price Changed $995 -13.5% $1 / Sq Ft
11/02/2015 11/02/15 For Rent $1,150 0.0% --
03/15/2013 03/15/13 Sold $126,000 +9.6% $86 / Sq Ft
02/21/2013 02/21/13 Pending -- -- --
02/15/2013 02/15/13 For Sale $115,000 -- $79 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6818949

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Maricopa County Phoenix 85050 Paradise Valley

2525 E Siesta Ln, Phoenix, AZ

Homes for Sale in Phoenix, AZ

This home is located at 2525 E Siesta Ln, Phoenix, AZ 85050 and is currently priced at $4,250,000. This property was built in 2015. 2525 E Siesta Ln is a home located in Maricopa County with nearby schools including Sunset Canyon School, Mountain Trail Middle School, and Pinnacle High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

Adam Saylor
Listing Agent
Adam Saylor
Section Image
Marcus & Millichap
(623) 343-4676