Skip To Content

602 N 16TH Street

Phoenix, AZ 85006
  • $800,000
  • STATUS: Active
  • ON SITE: 47 Days
  • MLS #: 6400476
UPDATED: 18 min ago
$800,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1980
County:
Area:

School Ratings & Info

Description

To be sold with 1518 E Fillmore Street ($800K per fourplex). The property consists of two identical fourplexes (8 units) that were built in 1980. Each unit is a 2 bedroom / 1 bathroom approximately 650SF per unit. Each unit is individually metered for electricity. 16 Street Apartments features a value-add component through interior and exterior renovations to achieve higher rents or run as-is with bumping rents to market rate. It is just located off 16th Street and Fillmore within a 10 minute bike ride to Arizona State University Downtown Campus, Roosevelt Row and Banner University Medical Center. Based on its positioning in the competitive landscape of the submarket and the area's ongoing redevelopment efforts.

Monthly Payment Calculator



Arizona Regional MLS logo© 2022 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 2022-07-03T00:20:32.283.
www.yosthomes.com/homes/128765767
Print Image

602 N 16TH Street Phoenix, AZ 85006

  • Price: $800,000
  • Status: Active
  • On Site: 47 Days
  • Updated: 18 min ago
  • MLS #: 6400476
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1980
Built
Neighborhood:
Wallace Tract
County:
Maricopa
Area:
Phoenix
School District:
001 - Phoenix Elementary District
Property Description
To be sold with 1518 E Fillmore Street ($800K per fourplex). The property consists of two identical fourplexes (8 units) that were built in 1980. Each unit is a 2 bedroom / 1 bathroom approximately 650SF per unit. Each unit is individually metered for electricity. 16 Street Apartments features a value-add component through interior and exterior renovations to achieve higher rents or run as-is with bumping rents to market rate. It is just located off 16th Street and Fillmore within a 10 minute bike ride to Arizona State University Downtown Campus, Roosevelt Row and Banner University Medical Center. Based on its positioning in the competitive landscape of the submarket and the area's ongoing redevelopment efforts.
Exterior Features

Construction Frame - Wood Construction Finish Stucco Covered Parking Spaces 0.00 Exterior Amenities Desert Landscaping Lot Size Dimensions 71.40X133.74X9.96X64.74X140.29 Parking >1 Space Per Unit Roads Asphalt Roofing Comp Shingle

Interior Features

1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 650 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/RangeDisposalMicrowaveRefrigerator Cooling Individual Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Other Heating Individual Interior Amenities Fire/Smoke Alarm(S)Unfurnished

Property Features

1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 843.00 2 Bedroom Units 4 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 61900.80 Annual Ownr Asoc Fee 0.00 Community Amenities No Pool Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Other (See Remarks) Gas Other (See Remarks) Gross Annual Sch Inc 62160.00 Hoa YN No Net Operating Income 46639.00 New Financing Conventional Operating Exp 1233.00 Other Income 2320.00 Owner Pays LandscapingSewerTrash CollectionWater Project Type 5 - 12 UnitsFour Plex Sale Includes Building(S) Only Sewer Sewer - Public Source Of Financial Data Projected Proforma Tax Municipality Phoenix Taxes 1233.00 Tenant Pays Electric Vacancy Allowance 0.04 Water City Franchise Zoning R-5

Arizona Regional MLS logo Listing provided by Abi Multifamily: (602) 714-1400.


Arizona Regional MLS logo© 2022 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 2022-07-03T00:20:32.283.
 
https://bt-photos.global.ssl.fastly.net/armls/1280_boomver_1_6400476-2.jpg https://bt-photos.global.ssl.fastly.net/armls/1280_boomver_1_6400476-2.jpg https://bt-photos.global.ssl.fastly.net/armls/1280_boomver_1_6400476-2.jpg
Logo
Yost Realty Group at RE/MAX Casa Grande
317 E. Cottonwood Lane, Suite C
Casa Grande AZ, 85122