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3625 N 16TH Street

Phoenix, AZ 85016
  • $5,800,000
  • STATUS: Active
  • ON SITE: 47 Days
  • MLS #: 6546933
UPDATED: 61 min ago
$5,800,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1963
County:
Area:

School Information

Elementary School:
High School:

Description

Playton Place @ 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 @ Biltmore is well positioned to achieve continual revenue increase.

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Arizona Regional MLS logo© 2023 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 Elite Home Advisors | Keller Williams Realty Phoenix. Data last updated 2023-06-08T19:22:41.85.
www.yournextphoenixhome.com/homes/138758996
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3625 N 16TH Street Phoenix, AZ 85016

  • Price: $5,800,000
  • Status: Active
  • On Site: 47 Days
  • Updated: 61 min ago
  • MLS #: 6546933
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1963
Built
County:
Maricopa
Area:
Phoenix
Elementary School:
Loma Linda Elementary School
Middle School:
Loma Linda Elementary School
High School:
North High School
Property Description
Playton Place @ 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 @ Biltmore is well positioned to achieve continual revenue increase.
Exterior Features

Construction BlockSlump Block Construction Finish PaintedStucco Covered Parking Spaces 35.00 Exterior Amenities Cable Tv AvailableDesert LandscapingFencedGreen LandscapingLandscape Wtr SystemOther (See Remarks)Security Light(S) Lot Size Dimensions 60586 SF Parking >1 Space Per UnitAdd'l Parking AvailCarportPaved Parking Roads Asphalt Roofing ConcreteFoam

Interior Features

1 Bedroom Unit Avg Sq Ft 704 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 947 2 Bedroom Units Baths 1 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 DishwasherDisposalF/S Oven/RangeMicrowaveRefrigeratorWasher/Dryer Cooling Ceiling Fan(S)ElectricIndividual Efficiency Unit Avg Sq Ft 543 Efficiency Unit Baths 1 Floors ConcreteVinyl Heating ElectricIndividual Interior Amenities Fire SprinklersFire/Smoke Alarm(S)Mini Blinds

Property Features

1 Bedroom Unit Avg Rent 1417.00 1 Bedroom Units 3 2 Bedroom Unit Avg Rent 1622.00 2 Bedroom Units 17 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 441235.10 Annual Ins Exp 5400.00 Annual Maint Exp 21798.00 Annual Mgmt Exp 20880.00 Annual Other Expense 35392.00 Annual Ownr Asoc Fee 0.00 Community Amenities No PoolSee Remarks Cross Street 16th Street & Indian School Road Efficiency Unit Avg Rent 1250.00 Efficiency Units 3 Electric ApsIndividual Meter Gas Sw Gas Gross Annual Sch Inc 439583.00 Hoa YN No Net Operating Income 344088.00 New Financing 1031 ExchangeConventionalNo Carry Operating Exp 98391.00 Other Income 24875.00 Owner Pays GasLandscapingSewerTrash CollectionWater Project Type 13 - 24 Units Sale Includes Land & Building Sewer Sewer - PublicSewer-In & Connected Source Of Financial Data Projected ProformaProvided By Owner Special Owner/Agent Tax Municipality Phoenix Taxes 14921.00 Tenant Pays Cable TvElectricOther (See Remarks) Totl Mnth Rntal Inc 30411.00 Vacancy Allowance 0.05 Water City FranchiseMaster Meter Zoning C-2Phoenix

Arizona Regional MLS logo Listing provided by Vestis Group: [IDXCONTACTINFORMATION] .


Arizona Regional MLS logo© 2023 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 Elite Home Advisors | Keller Williams Realty Phoenix. Data last updated 2023-06-08T19:22:41.85.
 
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Elite Home Advisors | Keller Williams Realty Phoenix
4862 E Baseline Rd
Mesa AZ, 85206