6616 N 16TH Street 1, Phoenix, AZ 85016
$4,000,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$4,000,000
Last Modified:
5/16/2025
More Information MLS# 6363222
Contract Info
Ownership: Fee Simple
Current Price: $4,000,000
Sold Price: $4,000,000
Status: Closed
List Date: 2022-02-21
Location, Tax & Legal
Unit #: 1
Assessor's Map #: 8
Legal Description (Abbrev): BEG AT NE COR N2 S2 NE4 SE4 NE4 TH N 89D 28M 40SC W 174.50F TH S 00D 37M 30SC W 120F TH S 22D 33M 10
Assessor's Parcel #: 79
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 106502
Taxes: 3552
Legal: BEG AT NE COR N2 S2 NE4 SE4 NE4 TH N 89D 28M 40SC W 174.50F TH S 00D 37M 30SC W 120F TH S 22D 33M 10
Marketing Name: Sachar Court
Map Code/Grid: N34
House Number: 6616
Compass: N
Street Name: 16TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85016
County Code: Maricopa
Assessor Number: 161-08-079
Tax Year: 2021
General Property Description
# of Buildings: 5
Uncvrd Parking Spcs: 2
Lot Size Dimensions: 0.67 Acres
Total # of Units: 5
Year Built: 2022
Zoning: R1-6
Legal Info
Range: 3E
Section: 9
Township: 2N
Lot Number: 1
Project Type
5 - 12 Units: 1
Construction
Wood Frame: 1
Const - Finish
Stucco: 1
Stone: 1
Roofing
Other: 1
Floors
Other: 1
Sale Includes
Building(s) Only: 1
Land & Building: 1
Other (See Remarks): 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 3552
Other Income: 1000
Vacancy Allowance: 12600
Adjusted Gross Inc: 3191326700
Pmt & Rate Info
Cap Rate: 4.6
Equity: 4250000
Down Payment %: 35
Monthly Payments: 12404
Total Owed: 0
Showing Notification Methods
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
See Remarks: 1
Heating
See Remarks: 1
Cooling
See Remarks: 1
Exterior Amenities
Sidewalk(s): 1
Tenant Pays
Other (See Remarks): 1
Appliances Included
Other: 1
Road Access Type
Private Road: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Other (See Remarks): 1
Water Source
See Remarks: 1
Sewer
Other: 1
Parking Features
Other: 1
Electric
Other (See Remarks): 1
Gas
Other (See Remarks): 1
Owner Pays
Other: 1
See Remarks: 1
New Financing
Other (See Remarks): 1
Reports/Disclosures
Other (See Remarks): 1
Environmental
Other (See Remarks): 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
# 4 Bedroom Units: 5
Avg Rent: 4205
Avg SqFt: 2545
# Baths: 15
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Geo Lat: 33.533503
Geo Lon: -112.047853
Status Change Info
Off Market Date: 2022-06-07
Under Contract Date: 2022-06-06
Close of Escrow Date: 2022-07-30
Sold Price: $4,000,000
Income Expenses
Gross Annual Sch Inc: 252300
Net Operating Income: 195359
Property Features
Project Type: 5 - 12 Units
Construction: Wood Frame
Const - Finish: Stucco; Stone
Roofing: Other
Floors: Other
Sale Includes: Building(s) Only; Land & Building; Other (See Remarks)
Community Features: No Pool; See Remarks
Exterior Amenities: Sidewalk(s)
Appliances Included: Other
Heating: See Remarks
Cooling: See Remarks
Water Source: See Remarks
Sewer: Other
Electric: Other (See Remarks)
Gas: Other (See Remarks)
Parking Features: Other
Road Access Type: Private Road
Road Surface Type: Asphalt
Owner Pays: Other; See Remarks
Tenant Pays: Other (See Remarks)
Source of Fincl Data: Owner; Other (See Remarks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
New Financing: Other (See Remarks)
Environmental: Other (See Remarks)
Listing Office: Marcus & Millichap
Last Updated: May - 16 - 2025
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