4607 S 16TH Street $1,270,000

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    4607 S 16TH Street Phoenix, AZ 85040

    • 0 Beds
    • 0 Baths
    • MultiFamily
    • MLS# 6243923
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    Views: 7 Days On Site: 65

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    Property Details

    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.

    • General Features
      • Community Amenities No Pool
      • County Maricopa
      • Covered Parking Spcs 0.00
      • Cross Street 16
      • Gas None
      • Marketing Name 16
      • New Financing Conventional
      • Parking 1 Space/Unit
      • Project Type 5 - 12 Units
      • Roofing Comp Shingle
      • Special Listing Conditions Owner/Agent
      • Subdivision CHIEF JACKSON
      • Tax Municipality Phoenix
      • Taxes $3,042
      • Total Units 10.00
      • Year Built 1963
      • Zoning R-5
    • Building Features
      • Construction Block
      • Appliances Included F/S Oven/Range,Refrigerator
      • Floors Ceramic Tile,Other (See Remarks)
      • Cooling Central A/C
      • Heating Central,Electric
    • Room Features
      • # 1 Bedroom Units 8
      • 1 Bedroom Units: Avg Rent 744.00
      • 1 Bedroom Units: Avg SqFt 550
      • 1 Bedroom Units: # Baths 1
      • # 2 Bedroom Units 0
      • 2 Bedroom Units: # Baths 0
      • 2 Bedroom Units: Avg Rent 0.00
      • 2 Bedroom Units: Avg SqFt 0
      • # 3 Bedroom Units 0
      • 3 Bedroom Units: Avg SqFt 0
      • 3 Bedrooms Units: # Baths 0
      • 3 Bedrooms Units: Avg Rent 0.00
      • # 4 Bedroom Units 0
      • 4 Bedrooms Units: # Baths 0
      • 4 Bedrooms Units: Avg Rent 0.00
      • 4 Bedroom Units: Avg SqFt 0
    • Property Features
      • Efficiency Units: # Efficiency Units 2
      • Efficiency Units: # Baths 1
      • Efficiency Units: Avg SqFt 450
      • Efficiency Units: Avg Rent 688.00
      • Legal Info: Township 27
      • Tenant Pays Cable TV,Electric
      • Owner Pays Electric,Water,Trash Collection,Sewer,See Remarks,Landscaping
      • Income & Expenses: Net Operating Income 52050.00
      • Income & Expenses: Gross Annual Sch Inc 87900.00
      • Income & Expenses: Adjusted Gross Inc 84930.00
      • Legal Info: Range 3E
      • Legal Info: Lot Number 1
      • Total Parking Space 10.00
      • Electric SRP
      • Exterior Amenities Desert Landscaping,Security Light(s),Fenced
      • Sewer Sewer - Public
      • Water City Franchise
    • Schools
      • School District 210 - Phoenix Union High School District

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    Neighborhood

    85040 (Phoenix) Demographics

    28 Median Age
    3,187 Population Density (per sq. mile)
    18% College Educated
    $32,133 Estimated Median Income
    4,005 Estimated Total Home Owners
    5,525 Estimated Total Renters
    42% / 58% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    32,420 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $0 Median Sales Price
    0 Homes Sold
    37 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,270,000
        7/1/2021 6:53:47 PM Status Changed Source: Multiple Listing Service New Value: Pending
        6/1/2021 9:56:00 AM New in Database Source: Multiple Listing Service New Value: $1,270,000

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        **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Copyright 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed. Data last updated 8/5/2021 3:01:25 PM. The ARMLS logo indicates a property listed by a real estate brokerage other than Tangible Wealth A Luxury Real Estate Company.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.