3625 N 16TH Street, Phoenix, AZ 85016
$5,600,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $5,600,000 Last Modified: 3/18/2026
Overview
Description
Listing Details MLS# 6656567
Location, Tax & Legal
- House Number
- 3625
- Compass
- N
- Street Name
- 16TH
- St Suffix
- Street
- City/Town Code
- Phoenix
- State/Province
- AZ
- Zip Code
- 85016
- Zip4
- 6443
- County Code
- Maricopa
- Assessor Number
- 119-30-063-A
- Tax Year
- 2023
- Assessor's Map #
- 30
- Legal Description (Abbrev)
- A POR NW4 SEC 27 DAF COM W4 COR OF SD SEC 27 TH N 839 FT TH E 35.50 FT TPOB TH N 356.48 FT TH E 170
- Assessor's Parcel #
- 63
- Assessor Parcel Ltr
- A
- Add'l Parcels
- No
- Tax Municipality
- Phoenix
- Census Tract
- 110701
- Taxes
- 15531
- Legal
- A POR NW4 SEC 27 DAF COM W4 COR OF SD SEC 27 TH N 839 FT TH E 35.50 FT TPOB TH N 356.48 FT TH E 170
- Marketing Name
- Playton Place
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 60,586 SF
- Year Built
- 1963
- Uncvrd Parking Spcs
- 34
- Total # of Units
- 23
- # of Buildings
- 2
- Zoning
- C-2, Phoenix
- Elementary School District
- Creighton Elementary District
- High School District
- Phoenix Union High School District
- Elementary School
- Loma Linda Elementary School
- Jr. High School
- Loma Linda Elementary School
- High School
- North High School
Remarks Misc
- Cross Street
- 16th Street & Indian School Road
- Directions
- From 16th Street & Indian School Road, head south to the Property
Status Change Info
- Off Market Date
- 2024-01-28
- Under Contract Date
- 2024-01-26
- Close of Escrow Date
- 2024-01-26
Legal Info
- Township
- 2N
- Range
- 3E
- Section
- 27
More Information
Income Expenses
- Gross Annual Sch Inc
- 439583
- Net Operating Income
- 344088
Showing Notification Methods
- Showing Service
- Aligned Showings
Efficiency Units
- # Efficiency Units
- 3
- Avg Rent
- 1250
- Avg SqFt
- 543
- # Baths
- Yes
1 Bedroom Units
- # 1 Bedroom Units
- 3
- Avg Rent
- 1417
- Avg SqFt
- 704
- # Baths
- Yes
2 Bedroom Units
- # 2 Bedroom Units
- 17
- Avg Rent
- 1622
- Avg SqFt
- 947
- # Baths
- Yes
Sold Info
- Loan Type
- Carryback
- Loan Years
- Yes
- Payment Type
- Interest Only
- Closing Cost Split
- Normal - N
- Buyer Concession $/%
- $
- Seller Concession $/%
- $
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Project Type
- 13 - 24 Units
- Yes
Construction
- Block
- Yes
- Slump Block
- Yes
Const - Finish
- Painted
- Yes
- Stucco
- Yes
Roofing
- Concrete
- Yes
- Foam
- Yes
Floors
- Concrete
- Yes
- Vinyl
- Yes
Sale Includes
- Land & Building
- Yes
Income & Expenses
- Annual Ins Exp
- 5400
- Annual Maint Exp
- 21798
- Annual Mgmt Exp
- 20880
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual Other Expense
- 35392
- Operating Exp
- 99001
- Other Income
- 24875
- Vacancy Allowance
- 0.05
- Adjusted Gross Inc
- 441235.1
- Total Monthly Rental Income
- 30411
Pmt & Rate Info
- Cap Rate
- 5.93
- Equity
- 5800000
- Down Payment %
- 100
- Monthly Payments
- 0
- Total Owed
- 0
Lockbox Type
- None
- Yes
Community Features
- No Pool
- Yes
- See Remarks
- Yes
Heating
- Electric
- Yes
- Individual
- Yes
Cooling
- Ceiling Fan(s)
- Yes
- Electric
- Yes
- Individual
- Yes
Exterior Amenities
- Landscape Water System
- Yes
- Green Landscaping
- Yes
- Desert Landscaping
- Yes
- Fenced
- Yes
- Cable TV Available
- Yes
- Security Light(s)
- Yes
- Other (See Remarks)
- Yes
Interior Features
- Fire/Smoke Alarm(s)
- Yes
- Fire Sprinklers
- Yes
- Mini Blinds
- Yes
Tenant Pays
- Electricity
- Yes
- Cable TV
- Yes
- Other (See Remarks)
- Yes
Appliances Included
- Dishwasher
- Yes
- Disposal
- Yes
- Microwave
- Yes
- Refrigerator
- Yes
- Free-Standing Range
- Yes
- Washer/Dryer
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
- Projected Proforma
- Yes
Water Source
- City Franchise
- Yes
- Master Meter
- Yes
Sewer
- Sewer - Public
- Yes
- Sewer-In & Connected
- Yes
Parking Features
- Carport
- Yes
- >1 Space Per Unit
- Yes
- Paved
- Yes
- Add'l Parking Avail
- Yes
Electric
- APS
- Yes
- Individual Meter
- Yes
Gas
- SW Gas
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Gas
- Yes
- Trash Collection
- Yes
- Landscaping
- Yes
New Financing
- Conventional
- Yes
- No Carry
- Yes
- 1031 Exchange
- Yes
Special
- Owner/Agent
- Yes
Existing 1st Loan
- Conventional
- Yes
Existing 1st Loan Type
- Fixed
- Yes
Existing 1st Loan Terms
- Non Assumable
- Yes
Existing 2nd Loan
- Treat as Free&Clear
- Yes
Existing 2nd Loan Type
- Not Applicable
- Yes
Existing 2nd Loan Terms
- Not Applicable
- Yes
Existing 3rd Loan
- Treat as Free&Clear
- Yes
Existing 3rd Loan Type
- Not Applicable
- Yes
Reports/Disclosures
- None
- Yes
Existing 3rd Loan Terms
- Not Applicable
- Yes
Environmental
- None
- Yes
Existing Othr Ln Trm
- Not Applicable
- Yes
3 Bedrooms Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Property Features
Project Type: 13 - 24 Units Construction: Block; Slump Block Const - Finish: Painted; Stucco Roofing: Concrete; Foam Floors: Concrete; Vinyl Sale Includes: Land & Building Community Features: No Pool; See Remarks Exterior Amenities: Landscape Water System; Green Landscaping; Desert Landscaping; Fenced; Cable TV Available; Security Light(s); Other (See Remarks) Interior Features: Fire/Smoke Alarm(s); Fire Sprinklers; Mini Blinds Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Heating: Individual Cooling: Ceiling Fan(s); Electric; Individual Water Source: City Franchise; Master Meter Sewer: Sewer - Public; Sewer-In & Connected Electric: APS; Individual Meter Gas: SW Gas Parking Features: Carport; >1 Space Per Unit; Add'l Parking Avail; Paved Road Surface Type: Asphalt Owner Pays: Water; Gas; Trash Collection; Landscaping Tenant Pays: Electricity; Cable TV; Other (See Remarks) Source of Fincl Data: Owner; Projected Proforma Special: Owner/Agent Lockbox Type: None Existing 1st Loan: Conventional Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Non Assumable 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; No Carry; 1031 Exchange Environmental: None
Listing Office: Vestis Group
Last Updated: March - 18 - 2026
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