$4,225,000
6315 N 16TH Street 101Phoenix, AZ 85016
MLS# 5342481
128 beds | 796 baths
1 / 16
Property DescriptionThe North Point Condominiums are located in a dynamic infill Phoenix location just south Maryland Avenue on 16th Street, a highly visible arterial through metropolitan Phoenix. This offering is for 60 of the 86 total units, allowing an investor to have majority control of the HOA. Built in 1969, the property is made of block and wood frame construction with built-up foam and pitched composition shingle roofs, and is individually-metered for electricity with roof-mounted HVAC units.
Details
Contract Info
Current Price: $4,100,000
List Price: $4,225,000
Status: Closed
List Date: 2015-10-01
Ownership: Fee Simple
Location, Tax & Legal
Map Code/Grid: N35
House Number: 6315
Compass: N
Street Name: 16TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85016
Zip4: 1539
Country: US
County Code: Maricopa
Subdivision: NORTH POINT CONDOMINIUM /AKA WILLOWS CONDOMINIUM
Assessor Number: 164-37-174
Tax Year: 2014
General Property Description
Lot Size Dimensions: 54492
Year Built: 1969
Uncvrd Parking Spcs: 45
Total # of Units: 60
# of Buildings: 12
Zoning: R-3
Elementary School District: Madison Elementary District
High School District: Phoenix Union High School District
2 Bedroom Units
# 2 Bedroom Units: 52
Avg Rent: 745
Avg SqFt: 885
# Baths: 15
3 Bedrooms Units
# 3 Bedroom Units: 8
Avg Rent: 875
Avg SqFt: 1059
# Baths: 2
Structure
Bedrooms Total: 128
Bathrooms Total: 796
Income & Expenses
Gross Annual Sch Inc: 507,733
Net Operating Income: 284,829
Contact Info
List Agent Home Phn: 602-735-5634
Sold Info
Loan Type: Conventional
Loan Years: 1
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Remarks Misc
Geo Lat: 33.529643
Geo Lon: -112.046363
Status Change Info
Off Market Date: 2015-11-30
Under Contract Date: 2015-11-23
Close of Escrow Date: 2016-03-25
Sold Price: $4,100,000
Property Features
Project Type: 51 - 99 Units
Construction: Block; Wood Frame
Const - Finish: Painted; Stucco
Roofing: Composition; Foam
Floors: Wood
Sale Includes: Land & Building
Community Features: Pool; Play Area; Barbecue
Exterior Amenities: Green Landscaping; Patio/Balcony
Interior Features: Unfurnished
Appliances Included: Dishwasher; Microwave; Free-Standing Range
Heating: Individual
Cooling: Individual
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: Individual Meter
Gas: Master Meter
Parking Features: Carport; Paved
Road Surface Type: Asphalt
Owner Pays: Water; Sewer
Tenant Pays: Electricity
Source of Fincl Data: Owner
Existing 1st Loan: Conventional
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional
Environmental: None
Listing Office: CBRE, Inc
Last Updated: March - 28 - 2016
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