Bethanie Madewell
eXp Realty
(623) 323-3196
131 Total Sales
1 in Coronado
$529,900 Price
2216 N 16th St Phoenix, AZ 85006
Coronado Neighborhood
2
Beds
12
Baths
735
Sq Ft
1946
Built
Highlights
- Concrete Flooring
- Phoenix Coding Academy Rated A
- Heating System Uses Natural Gas
About This Home
As of March 20177.4% 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
Coldwell Banker Commercial Realty 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
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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
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Coronado, AZ
-
Bethanie Madewell
-
Brandon Vaccaro
Brandon Vaccaro
Real Broker
(925) 940-4903
55 Total Sales
1 in Coronado
$930,000 Price
-
Melissa Gasper
Melissa Gasper
Realty ONE Group
(855) 952-1092
99 Total Sales
1 in Coronado
$530,000 Price
-
Alexander Prewitt
Alexander Prewitt
Real Broker
(520) 214-6602
436 Total Sales
1 in Coronado
$590,000 Price
-
Sarah McNurlin
Sarah McNurlin
Responds QuicklyArizona Best Real Estate
(406) 763-7948
79 Total Sales
1 in Coronado
$675,000 Price
-
Alexandra Komichak
Alexandra Komichak
Responds QuicklyeXp Realty
(412) 912-4506
66 Total Sales
2 in Coronado
$490K - $705K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,500,000 | First American Title | ||
| Cactus Properties Llc | $945,000 | American Title Svc Agcy Llc | |
| Westwind Studios Llc | -- | Pioneer Title Agency Inc | |
| 16Th St Studios Llc | -- | Pioneer Title Agency Inc | |
| Westwind Studios Llc | -- | None Available | |
| World Class Capitalpartners Llc | $185,000 | Us Title Agency Llc | |
| Pfe Properties Llc | $150,000 | Title Management Agency Of A | |
| Carmody Tom | $220,000 | Thomas Title & Escrow | |
| Westwind 2216 Property Investments Llc | -- | Chicago Title Insurance Co | |
| Satya Lp | $429,000 | Chicago Title Insurance Co | |
| Pisa Properties Sixteenth Llc | $295,000 | First American Title | |
| T & H Enterprises | -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $667,716 | ||
| Previous Owner | 16Th St Studios Llc | $417,000 | |
| Previous Owner | Westwind Studios Llc | $192,500 | |
| Previous Owner | Carmody Tom | $696,847 | |
| Previous Owner | Satya Lp | $343,200 | |
| Previous Owner | Pisa Properties Sixteenth Llc | $236,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 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 | View Prior Sale |
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,975 | $13,905 | ||
| 2024 | $1,841 | $13,243 | ||
| 2023 | $1,841 | $100,970 | $20,190 | $80,780 |
| 2022 | $1,776 | $61,560 | $12,310 | $49,250 |
| 2021 | $1,763 | $49,630 | $9,920 | $39,710 |
| 2020 | $1,783 | $35,870 | $7,170 | $28,700 |
| 2019 | $1,780 | $28,820 | $5,760 | $23,060 |
| 2018 | $1,750 | $21,400 | $4,280 | $17,120 |
| 2017 | $1,709 | $19,720 | $3,940 | $15,780 |
| 2016 | $1,660 | $15,950 | $3,190 | $12,760 |
| 2015 | $1,536 | $13,560 | $2,710 | $10,850 |
Source: Public Records
Agents Affiliated with this Home
-
Terry Kass
Seller's Agent in 2017
Terry Kass
Coldwell Banker Commercial Realty
(602) 330-2525
20 Total Sales
-
MS
Seller Co-Listing Agent in 2017
Mark Skelpsa
HomeSmart Realty
-
JC
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
13 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5496571
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.
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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