NOT LISTED FOR SALE

3625 N 16th St Phoenix, AZ 85016

Central City Neighborhood
-- Bed
-- Bath
725 Sq Ft
1963 Built

Last Sold January 26, 2024

Last sale price $5,600,000 $7,724 Per Sq Ft

Highlights

  • Cooling Available
  • Ceiling Fan
  • Heating Available
  • Phoenix Coding Academy Rated A
  • Concrete Flooring

About This Home

As of January 2024

Playton Place At Biltmore offers style and convenience while raising the bar for urban apartment living in central Phoenix. Originally built in 1963 and 1973 as office space, the subject property went through an extensive adaptive reuse process with the City of Phoenix converting the property's use to apartment living (23-Units). During construction, the building's midcentury modern exterior facade was left intact, while everything else was re-built from top to bottom. Construction was completed in 2022, using high-end finishes and modern contemporary design. With strong submarket fundamentals coupled with the Phoenix market's continual improvement and recovery, Playton Place At Biltmore is well positioned to achieve continual revenue increase.

Last Agent to Sell the Property

Natan Jacobs

Vestis Group License #BR525576000 Listed on: 01/26/2024

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,531

Year Built

  • Built in 1963

Home Design

  • Concrete Roof
  • Foam Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Concrete
  • Vinyl

Parking

  • 34 Open Parking Spaces
  • 69 Parking Spaces
  • 35 Covered Spaces
  • Common or Shared Parking
  • Paved Parking

Schools

  • Loma Linda Elementary School
  • North High School

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for gas, trash collection, water, sewer, landscaping
  • Assessor Parcel Number 119-30-063-A

Community Details

Overview

  • 2 Buildings
  • 23 Units
  • Building Dimensions are 60,586 SF

Building Details

  • Operating Expense $99,001
  • Gross Income $441,235
  • Net Operating Income $344,088

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,531

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: 16th Street & Indian School Road
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: C-2, Phoenix
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1963
  • Tax Year: 2023
  • Road Surface Type: Asphalt
  • Professional Management Expense: 20880.0
  • Tax Parcel Letter: A
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl, Concrete
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block, Slump Block
  • Roof: Concrete, Foam
  • Construction:Block: Yes
  • Construction:Slump Block: Yes

Garage/Parking

  • Total Covered Spaces: 35.0
  • Parking Features: Paved Parking, Add'l Parking Avail, >1 Space Per Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 34.0
  • Total Parking Spaces: 69.0
  • General Property Description:Covered Parking Spcs: 35.0
  • General Property Description:Uncvrd Parking Spcs: 34.0
  • General Property Description:Total Parking Spcs: 69.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes
  • Interior Amenities:Fire Sprinklers2: Yes

Schools

  • Elementary School: Loma Linda Elementary School
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Loma Linda Elementary School

Lot Info

  • Lot Size: 60,586 SF
  • Additional Parcels: No
  • Parcel #: 119-30-063-A

Multi Family

  • Owner Pays: Gas, Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: See Remarks, Electricity, Cable TV
  • Number Of Units Total: 23
  • Annual Gross Income: 441235.1
  • Insurance Expense: 5400.0
  • Maintenance Expense: 21798.0
  • Property Net Operating Income: 344088.0
  • Annual Operating Expense: 99001.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 15531.0
  • Tax Book Number: 119.00
  • Tax Lot: 0

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 List to Sale Price per Sq Ft
01/28/2024 01/28/24 For Sale $5,800,000 +3.6% $8,000 / Sq Ft
01/26/2024 01/26/24 Sold $5,600,000 -- $7,724 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Natan Jacobs

    Seller's Agent in 2024

    Natan Jacobs

    Vestis Group

    (480) 440-4403

    6 in this area

    29 Total Sales

    Natan Jacobs
    Section Image

  • N

    Buyer's Agent in 2024

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6656567

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85014 Central City

3625 N 16th St, Phoenix, AZ

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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