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4808 N 24th St - Optima Biltmore Towers 1,528 SF Office Condo Unit Offered at $899,000 in Phoenix, AZ 85016

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INVESTMENT HIGHLIGHTS

Great Exposure on N 24th St

EXECUTIVE SUMMARY

Ideal for companies seeking long-term employee housing or as a premium residential income generating property in an highly sought after location in Phoenix. Located at Biltmore in a prime business corridor surrounded by international law firms, asset management companies, banks, real estate companies, and medical centers, this residence sits atop the Esplanade and 24th & Camelback Business Center. Walking distance to Biltmore Fashion Square with access to international dining, bars, luxury shopping, golf, and entertainment. Effortless 15-minute drive to PHX Sky Harbor and 10 minutes to downtown Scottsdale.

PROPERTY FACTS

Total Building Size	230,000 SF	Typical Floor Size	26,123 SF
Property Type	Multifamily (Condo)	Year Built	2006
Property Subtype	Apartment	Lot Size	0.96 AC
Building Class	B	Parking Ratio	0.01/1,000 SF
Floors	15
Zoning	C-C - Commercial

Total Building Size	230,000 SF
Property Type	Multifamily (Condo)
Property Subtype	Apartment
Building Class	B
Floors	15
Typical Floor Size	26,123 SF
Year Built	2006
Lot Size	0.96 AC
Parking Ratio	0.01/1,000 SF
Zoning	C-C - Commercial

Smoke Detector

UNIT AMENITIES

Air Conditioning
Dishwasher
Microwave
Storage Space
Washer/Dryer
Ceiling Fans

Tile Floors
Kitchen
Hardwood Floors
Refrigerator
Oven
Sprinkler System

Tub/Shower
Views
Wi-Fi
Den
Freezer

Office
Patio
Large Bedrooms
Quartz Countertops
Floor to Ceiling Windows

SITE AMENITIES

Business Center
Concierge

Courtyard
Fitness Center

Sauna
Grill

Lounge
Public Transportation

1 UNIT AVAILABLE

Unit 1424

Unit Size	1,528 SF	Cap Rate	6.40%
Price	$899,000	NOI	$57,500
Price Per SF	$588.35	No. Parking Spaces	2
Condo Use	Office	APN/Parcel ID	163-19-315
Sale Type	Investment or Owner User

Unit Size	1,528 SF
Price	$899,000
Price Per SF	$588.35
Condo Use	Office
Sale Type	Investment or Owner User
Cap Rate	6.40%
NOI	$57,500
No. Parking Spaces	2
APN/Parcel ID	163-19-315

DESCRIPTION

Award interior designer corner unit, 2b/2b + Office space, 2car gated underground garage+ Storage. This unit is nested within 24th Camelback Business complex in the heart of Biltmore, providing privacy and unmatched convenience to your employees. High end design finishes with custom color palettes run throughout the unit blending with natural landscapes elements unobstructed valley views, great natural light, built-in cabinetry, and move in ready conditions.

The entire building has been renovated, and running on solid reserves, with a new state-of-the-art rooftop Pool, new elevators and 24/7 Package delivery system.

SALE NOTES

Ideal for companies seeking long-term employee housing or as a premium residential income generating property in an highly sought after location. Located at Biltmore in a prime business corridor surrounded by international law firms, asset management companies, banks, real estate companies, and medical centers, this residence sits atop the Esplanade and 24th & Camelback Business Center.

Walking distance to Biltmore Fashion Square with access to international dining, bars, luxury shopping, golf, and entertainment. Effortless 15-minute drive to PHX Sky Harbor and 10 minutes to downtown Scottsdale.