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    4607 S 16TH Street

    Phoenix, AZ 85040
    • $1,270,000
    • STATUS: Active
    • ON SITE: 23 days
    • MLS #: 6243923
    UPDATED: 29 min ago
    $1,270,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:
    Area:

    School Ratings & Info

    Description

    S O U T H 1 6 T H is a 10-unit apartment community located south of Downtown Phoenix and east of the growing Southwest Valley. Led by a rapidly expanding economic landscape, the property has nearbyaccess to two of the Valley's most populated employment corridors, Downtown Phoenix & Southwest Valley Industrial Corridor, providing reach to more than A+/-205,000 employees. The property also providesaccess to many of downtown's cultural and recreational hot spots such as the Arizona Science Center, Orpheum Theater, Chase Field, and Talking Stick Resort Area, home of the Arizona Diamondbacks and PhoenixSuns, respectively. Developed in 1963, South 16th is comprised of a complimentary mix of studio and one-bedroom floorplans averaging 530 square feet.Future ownership will have the opportunity to upgrade all 10 classic interiors with an associated renovation premium of $150 per month.

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    © 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Dave Fernandez Team | HomeSmart. Data last updated 2021-06-25T09:12:57.08.
    www.davefernandez.net/homes/117765435
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    4607 S 16TH Street Phoenix, AZ 85040

    • Price: $1,270,000
    • Status: Active
    • Updated: 29 min ago
    • MLS #: 6243923
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1963
    Built
    Neighborhood:
    Chief Jackson
    County:
    Maricopa
    Area:
    Phoenix
    School District:
    066 - Roosevelt Elementary District
    Property Description
    S O U T H 1 6 T H is a 10-unit apartment community located south of Downtown Phoenix and east of the growing Southwest Valley. Led by a rapidly expanding economic landscape, the property has nearbyaccess to two of the Valley's most populated employment corridors, Downtown Phoenix & Southwest Valley Industrial Corridor, providing reach to more than A+/-205,000 employees. The property also providesaccess to many of downtown's cultural and recreational hot spots such as the Arizona Science Center, Orpheum Theater, Chase Field, and Talking Stick Resort Area, home of the Arizona Diamondbacks and PhoenixSuns, respectively. Developed in 1963, South 16th is comprised of a complimentary mix of studio and one-bedroom floorplans averaging 530 square feet.Future ownership will have the opportunity to upgrade all 10 classic interiors with an associated renovation premium of $150 per month.
    Exterior Features

    Construction Block Construction Finish Painted Covered Parking Spaces 0.00 Exterior Amenities Desert LandscapingFencedSecurity Light(S) Lot Size Dimensions 12261 Parking 1 Space/Unit Roads Asphalt Roofing Comp Shingle

    Interior Features

    1 Bedroom Unit Avg Sq Ft 550 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 0 2 Bedroom Units Baths 0 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included F/S Oven/RangeRefrigerator Cooling Central A/C Efficiency Unit Avg Sq Ft 450 Efficiency Unit Baths 1 Floors Ceramic TileOther (See Remarks) Heating CentralElectric

    Property Features

    1 Bedroom Unit Avg Rent 744.00 1 Bedroom Units 8 2 Bedroom Unit Avg Rent 0.00 2 Bedroom Units 0 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 84930.00 Annual Ins Exp 2927.00 Annual Landscape Exp 2500.00 Annual Legal And Acctg 2000.00 Annual Maint Exp 3570.00 Annual Mgmt Exp 5048.00 Annual Other Expense 3000.00 Annual Ownr Asoc Fee 0.00 Annual Rplcmnt Rsrvs 2000.00 Annual Wtr Swr Exp 7757.00 Community Amenities No Pool Cross Street Broadway And 16th St Efficiency Unit Avg Rent 688.00 Efficiency Units 2 Electric Srp Gas None Gross Annual Sch Inc 87900.00 Hoa YN No Net Operating Income 52050.00 New Financing Conventional Operating Exp 31844.00 Other Income 1500.00 Owner Pays ElectricLandscapingSee RemarksSewerTrash CollectionWater Project Type 5 - 12 Units Sale Includes Land & BuildingPersonal Property Sewer Sewer - Public Source Of Financial Data Provided By Owner Special Owner/Agent Tax Municipality Phoenix Taxes 3042.00 Tenant Pays Cable TvElectric Vacancy Allowance 0.05 Water City Franchise Zoning R-5

    Listing courtesy of Corcoran Platinum Living.


    © 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Dave Fernandez Team | HomeSmart. Data last updated 2021-06-25T09:12:57.08.
     
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