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3625 N 16TH Street Phoenix, AZ 85016
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Key Details
Sold Price $5,600,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 6656567
Sold Date 01/26/24
Maintenance Fees $21,798
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1963
Annual Tax Amount $15,531
Tax Year 2023
Lot Dimensions 60,586 SF
Property Description
Playton Place At Biltmore offers style and convenience while raising the bar for urban apartment living in central Phoenix. Originally built in 1963 and 1973 as office space, the subject property went through an extensive adaptive reuse process with the City of Phoenix converting the property's use to apartment living (23-Units). During construction, the building's midcentury modern exterior facade was left intact, while everything else was re-built from top to bottom. Construction was completed in 2022, using high-end finishes and modern contemporary design. With strong submarket fundamentals coupled with the Phoenix market's continual improvement and recovery, Playton Place At Biltmore is well positioned to achieve continual revenue increase.
Location
State AZ
County Maricopa
Zoning C-2, Phoenix
Direction From 16th Street & Indian School Road, head south to the Property
Interior
Flooring Vinyl, Concrete
Appliance FS OvenRange, Microwave, WasherDryer
Exterior
Parking Features Paved Parking, Add'l Parking Avail, >1 Space Per Unit, Common
Community Features No Pool
Roof Type Concrete,Foam
Total Parking Spaces 69
Building
Sewer Sewer-In & Connected, Public Sewer
Water City Franchise, Master Meter
New Construction No
Schools
Elementary Schools Loma Linda Elementary School
Middle Schools Loma Linda Elementary School
High Schools North High School
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 119-30-063-A
Acceptable Financing No Carry, Conventional, 1031 Exchange
Listing Terms No Carry, Conventional, 1031 Exchange
Financing Carryback
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Bought with Non-MLS Office