Centrally located in South Phoenix's Ever Growing and Revitalized Neighborhood. A Spectacular opportunity to invest in this lucrative and one of kind 10 unit property. 8 1bd/1bth and 2 studios. Multiple upgrades from the inside out. New plumbing, new electrical, fresh interior and exterior paint, new roof, remodeled bathrooms and much more! Rents are below market, giving you ample room to grow. Tenants Rights. Please do not disturb tenants. Property is being sold As-Is.

Construction Block Construction Finish Painted Covered Parking Spaces 0.00 Exterior Amenities Desert LandscapingFencedSecurity Light(S) Lot Size Dimensions 12261 Parking 1 Space/Unit Roads Asphalt Roofing Comp Shingle

1 Bedroom Unit Avg Sq Ft 550 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 0 2 Bedroom Units Baths 0 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 F/S Oven/RangeRefrigerator Cooling Central A/C Efficiency Unit Avg Sq Ft 450 Efficiency Unit Baths 1 Floors Ceramic TileOther (See Remarks) Heating CentralElectric

1 Bedroom Unit Avg Rent 737.50 1 Bedroom Units 8 2 Bedroom Unit Avg Rent 0.00 2 Bedroom Units 0 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 82365.00 Annual Elec Exp 458.80 Annual Ins Exp 2927.04 Annual Landscape Exp 0.00 Annual Maint Exp 3569.82 Annual Ownr Asoc Fee 0.00 Annual Trash Exp 3435.16 Annual Wtr Swr Exp 4322.21 Community Amenities No Pool Cross Street Broadway And 16th St Efficiency Unit Avg Rent 662.00 Efficiency Units 2 Electric Srp Gas None Gross Annual Sch Inc 86700.00 Hoa YN No Net Operating Income 64953.97 New Financing Conventional Operating Exp 17755.03 Other Income 0.00 Owner Pays ElectricLandscapingSee RemarksSewerTrash CollectionWater Payment Includes InsurancePrincipalTaxes Project Type 5 - 12 Units Sale Includes Land & BuildingPersonal Property Sewer Sewer - Public Source Of Financial Data Provided By Owner Special Owner/Agent Tax Municipality Phoenix Taxes 3042.00 Tenant Pays Cable TvElectric Vacancy Allowance 0.05 Water City Franchise Zoning R-5

Listing courtesy of Liz Harris Realty.

© 2021 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 2021-02-25T00:11:37.217.

4607 S 16TH Street

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4607 S 16TH Street Phoenix, AZ 85040

Property Description

Construction	Block
Construction Finish	Painted
Covered Parking Spaces	0.00
Exterior Amenities	Desert Landscaping Fenced Security Light(S)
Lot Size Dimensions	12261
Parking	1 Space/Unit
Roads	Asphalt
Roofing	Comp Shingle

1 Bedroom Unit Avg Sq Ft	550
1 Bedroom Unit Baths	1
2 Bedroom Unit Avg Sq Ft	0
2 Bedroom Units Baths	0
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	F/S Oven/Range Refrigerator
Cooling	Central A/C
Efficiency Unit Avg Sq Ft	450
Efficiency Unit Baths	1
Floors	Ceramic Tile Other (See Remarks)
Heating	Central Electric

1 Bedroom Unit Avg Rent	737.50
1 Bedroom Units	8
2 Bedroom Unit Avg Rent	0.00
2 Bedroom Units	0
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	82365.00
Annual Elec Exp	458.80
Annual Ins Exp	2927.04
Annual Landscape Exp	0.00
Annual Maint Exp	3569.82
Annual Ownr Asoc Fee	0.00
Annual Trash Exp	3435.16
Annual Wtr Swr Exp	4322.21
Community Amenities	No Pool
Cross Street	Broadway And 16th St
Efficiency Unit Avg Rent	662.00
Efficiency Units	2
Electric	Srp
Gas	None
Gross Annual Sch Inc	86700.00
Hoa YN	No
Net Operating Income	64953.97
New Financing	Conventional
Operating Exp	17755.03
Other Income	0.00
Owner Pays	Electric Landscaping See Remarks Sewer Trash Collection Water
Payment Includes	Insurance Principal Taxes
Project Type	5 - 12 Units
Sale Includes	Land & Building Personal Property
Sewer	Sewer - Public
Source Of Financial Data	Provided By Owner
Special	Owner/Agent
Tax Municipality	Phoenix
Taxes	3042.00
Tenant Pays	Cable Tv Electric
Vacancy Allowance	0.05
Water	City Franchise
Zoning	R-5