6616 N 16TH Street 1, Phoenix, AZ 85016 (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

Tenant Pays

Other (See Remarks): 1

Appliances Included

Other: 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 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 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)