2216 N 16TH Street

    Phoenix, AZ 85006
    • $1,050,000
    • STATUS: Active
    • ON SITE: 226 days
    • MLS #: 5831022
    UPDATED: 25 min ago
    $1,050,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1946
    County:
    Area:

    School Ratings & Info

    Description

    Westwind Studios is an 11-unit, garden-style apartment community located in a desirable central Phoenix location. Built in 1946 the property is made of block construction with built-up roofs, and is master-metered for electricity. Studio units have individual mini-split HVAC systems. The community shows pride of ownership with an attractive urban design. The unit mix is comprised of studio, one and two-bedroom/one bath floor plans that are spacious, well designed and average approximately +/-416 square feet. Westwind Studios offers an investor a unique value-add opportunity by establishing an interior/exterior upgrade program as well as purchasing in a submarket that has demonstrated strong effective rent growth.

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    © 2019 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 Yost Realty Group at RE/MAX Casa Grande. Data last updated 2019-05-24T21:10:53.557.
    www.yosthomes.com/homes/88351678

    2216 N 16TH Street Phoenix, AZ 85006

    • Price: $1,050,000
    • Status: Active
    • Updated: 25 min ago
    • MLS #: 5831022
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1946
    Built
    Neighborhood:
    Cypress Place Lot 1-19
    County:
    Maricopa
    Area:
    Phoenix
    School District:
    001 - Phoenix Elementary District
    Property Description
    Westwind Studios is an 11-unit, garden-style apartment community located in a desirable central Phoenix location. Built in 1946 the property is made of block construction with built-up roofs, and is master-metered for electricity. Studio units have individual mini-split HVAC systems. The community shows pride of ownership with an attractive urban design. The unit mix is comprised of studio, one and two-bedroom/one bath floor plans that are spacious, well designed and average approximately +/-416 square feet. Westwind Studios offers an investor a unique value-add opportunity by establishing an interior/exterior upgrade program as well as purchasing in a submarket that has demonstrated strong effective rent growth.
    Exterior Features

    Construction Block Construction Finish Painted Covered Parking Spaces 0.00 Exterior Amenities Desert Landscaping Lot Size Dimensions 160' X 66' Parking 1 Space/Unit Roads Asphalt/Blacktop Roofing Built-Up Total Parking Spaces 11.00

    Interior Features

    1 Bedroom Unit Avg Sq Ft 500 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 700 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 Bi Oven/RangeRefrigerator Cooling Electric Refrigeratd Efficiency Unit Avg Sq Ft 375 Efficiency Unit Baths 1 Floors Vinyl/Composition Heating Gas Interior Amenities Unfurnished

    Property Features

    1 Bedroom Unit Avg Rent 850.00 1 Bedroom Units 1 2 Bedroom Unit Avg Rent 900.00 2 Bedroom Units 1 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 88503.87 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 0.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 0.00 Annual Mgmt Exp 0.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 0.00 Community Amenities No Pool Cross Street N. 16th Street And E. Oak Street Efficiency Unit Avg Rent 775.00 Efficiency Units 6 Electric Master Meter Gas Sw Gas Gross Annual Sch Inc 95277.00 Hoa YN No Net Operating Income 69097.00 New Financing Conventional Operating Exp 1749.72 Other Income 1980.00 Owner Pays WaterTrashElectricSewer Project Type 5 - 12 Units Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Phoenix Taxes 1749.72 Tenant Pays None Vacancy Allowance 0.09 Water City Franchise Zoning C-2

    Listing courtesy of Cbre, Inc.


    © 2019 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 Yost Realty Group at RE/MAX Casa Grande. Data last updated 2019-05-24T21:10:53.557.
     
    Yost Realty Group at RE/MAX Casa Grande
    317 E. Cottonwood Lane, Suite C
    Casa Grande AZ, 85122