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
- Country
- US
- County Code
- Maricopa
- Assessor Number
- 119-30-063-A
- Tax Year
- 2023
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
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
Income Expenses
- Gross Annual Sch Inc
- 439583
- Net Operating Income
- 344088
Showing Notification Methods
- Showing Service
- Aligned Showings
Sold Info
- Loan Type
- Carryback
- Loan Years
- Yes
- Payment Type
- Interest Only
- Closing Cost Split
- Normal - N
- Buyer Concession $/%
- $
- Seller Concession $/%
- $
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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