NOT LISTED FOR SALE

2216 N 16th St Phoenix, AZ 85006

Coronado Neighborhood
2 Beds
12 Baths
735 Sq Ft
1946 Built

Last Sold March 24, 2017

Last sale price $520,000 $707 Per Sq Ft

128 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of March 2017

7.4% Cap on actual rents. C-2 zoning, 16th St Arts District, always occupied with a waiting list! Perfect for downtown-loving tenants, there’s an art house and coffee shop right next door. Tenants walk to national award-winning Barrio Café and Coronado’s entertainment venues. In between Banner Health and the newly expanding Phoenix Children’s Hospital. The building has new roofs, newer AC’s, copper plumbing, recoated parking lot, and most units have been renovated. Low maintenance colored concrete flooring throughout. All utilities are master metered, but the units are so efficient that complete utilities average only $90/unit/month! 2015 taxes were just $1,536! Just bring older leases up to the latest achieved rents and push the proforma cap rate to 8%!

Last Agent to Sell the Property

Terry Kass

R.O.I. Properties License #BR503783000 Listed on: 09/13/2016

Co-Listed By

Mark Skelpsa

HomeSmart Realty License #SA642313000

Last Buyer's Agent

Terry Kass

Blue Saguaro Commercial Realty, LLC License #BR503783000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,536

Year Built

  • Built in 1946

Home Design

  • Metal Roof
  • Foam Roof
  • Block Exterior
  • Stucco

Flooring

  • Concrete Flooring

Parking

  • 11 Open Parking Spaces
  • 11 Parking Spaces

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 12
  • Assessor Parcel Number 117-18-011

Community Details

Overview

  • 11 Units
  • Building Dimensions are IRR

Building Details

  • Operating Expense $1,536

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,536

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Cross Street: 16th St & McDowell Rd
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: MF
  • Number Of Buildings: 1
  • Year Built: 1946
  • Tax Year: 2015
  • Directions: North from McDowell on 16th St to property on west side.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: gpci01
  • Co List Office Phone: 602-703-5277
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block
  • Roof: Foam, Metal, Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 11.0
  • Total Parking Spaces: 11.0
  • General Property Description:Uncvrd Parking Spcs: 11.0
  • General Property Description:Total Parking Spcs: 11.0
  • Parking:Paved Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling: Heat Pump, Electric
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 117-18-011

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 11
  • Annual Operating Expense: 1536.0

Tax Info

  • Tax Annual Amount: 1536.0
  • Tax Book Number: 117.00
  • Tax Lot: 12

Range of Values:

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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
03/24/2017 03/24/17 Sold $520,000 -1.9% $707 / Sq Ft
01/19/2017 01/19/17 Pending -- -- --
10/24/2016 10/24/16 Price Changed $530,000 -5.4% $721 / Sq Ft
09/13/2016 09/13/16 For Sale $560,000 +202.7% $762 / Sq Ft
03/23/2012 03/23/12 Sold $185,000 0.0% $252 / Sq Ft
03/19/2012 03/19/12 Pending -- -- --
03/13/2012 03/13/12 For Sale $185,000 -- $252 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Terry Kass

    Seller's Agent in 2017

    Terry Kass

    R.O.I. Properties

    (602) 330-2525

    28 Total Sales

    Section Image

  • M

    Seller Co-Listing Agent in 2017

    Mark Skelpsa

    HomeSmart Realty

    (480) 430-5752

    13 Total Sales

    Section Image

  • J

    Seller's Agent in 2012

    Jason Campagna

    Orion Investment Real Estate

  • Brian Gaffney

    Seller Co-Listing Agent in 2012

    Brian Gaffney

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 264-8400

    25 Total Sales

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5496571

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Maricopa County Phoenix 85006 Coronado

2216 N 16th St, Phoenix, AZ

This home is located at 2216 N 16th St, Phoenix, AZ 85006 since 13 September 2016. This property was built in 1946. 2216 N 16th St is a home located in Maricopa County with nearby schools including Whittier Elementary School, North High School, and Phoenix Coding Academy.

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

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