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315 N 16TH Avenue Phoenix, AZ $ 925,000
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$ 925,000 Get more info
315 N 16TH Avenue
$ 925,000
Back to search
Share Save

315 N 16TH Avenue

Phoenix, AZ, 85007
$ 925,000
Baths0.0

Monthly Estimate*

$ 6,461

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $925,000. This home was built in 1940.

8 Total Units, Price reflects per fourplex. Garden-Style Property, Built in 1940, Fully Renovated in 2023. Attractive Unit Mix Consisting of 100% 2-Bedroom / 1-Bathroom Units. Each Unit Features Fully Upgraded Interior With White Quartz Countertops, Luxury Vinyl-Plank Flooring, Shaker Cabinets, Light Fixtures, Tile Showers & Tubs, New Paint & Stainless Steel Appliances. Exterior Upgrades Include Brand New Wood Fencing, Lush Turf Areas, New Windows, Two Tone Paint, & Paver Walkways Mixed With Elegant Desert Landscaping. Each Unit is Individually Metered for Electricity & Boast Private Backyards With New Entry Gates, Outdoor Washer & Dryer. Located in the Roosevelt Arts District, Which Provides Easy Access to Downtown Phoenix's Vibrant Cultural Scene, Dining Hotspots, & Entertainment.

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Multi-Family Active

Price

$ 925,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 987

Style

Multiple Dwellings

Year Built

1940

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6650960
Features
General
Sewer Public Sewer
Heating Electric
Cooling Electric Ceiling Fan(s)
Roof Composition
Zoning R-5
Construction Materials Painted Block
Year Built 1940
Electric Other (See Remarks)
Tenant Pays Electricity
Township 1N
Tax Year 2023
Percent Ownership Fee Simple
Gross Income 152161.5
Community Features No Pool
County Maricopa
Net Operating Income 126331.0
Operating Expense 987.0
Property Type Multiple Dwellings
Attached Garage N
Subdivision Name CAPITOLA PLACE
Garage Y/N N
Status Active
City Phoenix
Buyer Agent Compensation 2.00
Disclosures None
View Y/N N
High School District Phoenix Union High School District
Open Parking Spaces 8.0
Total Units 8
Lot Size Square Feet 0.0
Carport Y/N N
Street Name 16TH
Tax Annual Amount 987.0
Lease Renewal Y/N N
Additional Parcels Y/N Y
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 123
Standard Status Active
Elementary School District Phoenix Elementary District
Tax Lot 38
Cap Rate 13.33
Buyer Agent Compensation Type %
New_sp_Financing_co_Conventional5 True
Ownership Fee Simple
Senior Community N
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Interior
Flooring Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Street Suffix Avenue
Electric On Property Y/N N
Total Baths 0
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Exterior
Parking Features 1 Space/Unit Street Parking
Water Source City Franchise
Total Parking 8.0
Lot Size Area 0.0
Number of Buildings 4
Spa N
Lot Dimensions 6 754
Lot Size Acres 0.0
Road Surface Type Asphalt
Covered Spaces 0.0
Crops Included Y/N N
Open Parking Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 315
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* Excluded Features
List By
Abi Multifamily

Broker

tom.palestina@abimultifamily.com

Email

Affordability Calculator

$6,544
Per Month
99%
1%
0%
Monthly Principal & Interest
$6,461
Monthly Property Taxes
$82
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4327165 Elementary School
4327058 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/15/2024$925,000 -2.37% Price Down
5/2/2024$947,500 -50.00% Price Down
5/1/2024$1,895,000 -0.21% Price Down
4/17/2024$1,899,000 -4.57% Price Down
4/1/2024$1,990,000 -0.25% Price Down
3/19/2024$1,995,000 -2.68% Price Down
3/6/2024$2,050,000 -1.91% Price Down
2/27/2024$2,089,900 0.00% Price Down
2/12/2024$2,090,000 -0.24% Price Down
1/25/2024$2,095,000 -0.24% Price Down
1/16/2024$2,100,000 Listed Price

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315 N 16TH Avenue, Phoenix, AZ, 85007 is a Multi-Family Home for sale at $925,000. 315 N 16TH Avenue is a studio with 0.0 baths and was built in 1940. The property's zip code is 85007 which is in Phoenix, AZ

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