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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