2216 N 16TH Street, Phoenix, AZ 85006
9/30/2016 1:07 PM
7% Cap on actual rents. C-2 zoning, 16th St Arts District, always occupied with a waiting list! Perfect for downtown-loving tenants, there's an art house and coffee shop right next door. Tenants walk to national award-winning Barrio Cafe and Coronado's entertainment venues. In between Banner Health and the newly expanding Phoenix Children's Hospital. The building has new roofs, newer AC's, copper plumbing, recoated parking lot, and most units have been renovated. Low maintenance colored concrete flooring throughout. All utilities are master metered, but the units are so efficient that complete utilities average only $90/unit/month! 2015 taxes were just $1,536! Just bring older leases up to the latest achieved rents and push the proforma cap rate to 8%!
Listing Information for 2216 N 16TH Street Phoenix, AZ 85006
School Information for 2216 N 16TH Street Phoenix, AZ 85006
Room Information for 2216 N 16TH Street Phoenix, AZ 85006
Interior Features for 2216 N 16TH Street Phoenix, AZ 85006
Electric, Heat Pump
Gas Heat, Heat Pump
Exterior / Lot Features for 2216 N 16TH Street Phoenix, AZ 85006
Metal, Foam, Rolled
Community Features for 2216 N 16TH Street Phoenix, AZ 85006
Driving Directions to 2216 N 16TH Street Phoenix, AZ 85006
North from McDowell on 16th St to property on west side.
Financial Considerations for 2216 N 16TH Street Phoenix, AZ 85006
Other (See Remarks)
Listing Price History for MLS#: 5496571
Phoenix AZ Real Estate and Phoenix AZ Homes for Sale
Phoenix is located in the state of Arizona. The zip code of 85006 has a population of 1,462,368. The median age of people living in Phoenix, AZ 85006, is 32.2 years.
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