Price Reduction
319 N 16TH Avenue, Phoenix, AZ
$ 1,990,000
Property Attributes
  • MLS#6650959
  • TypeMulti-Family
  • CountyMARICOPA
  • CityPhoenix
  • NeighborhoodCAPITOLA PLACE
  • Zip85007
  • StyleMultiple Dwellings
  • Year Built1940
  • Taxes$ 987
  • Price$ 1,990,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Arizona Regional MLS (ARMLSN)
Property Description

8 Unit, Garden-Style Property, Built in 1940, Fully Renovated in 2023. Attractive Unit Mix Consisting of 100% 2-Bedroom / 1-Bathroom Units. Each Unit Features a Fully Upgraded Interior With White Quartz Countertops, Luxury Vinyl-Plank Flooring, Shaker Cabinets, Light Fixtures, Tile Showers & Tubs, New Paint & Texture, & Stainless Steel Appliance Package. Exterior Upgrades Include Brand New Wood Fencing, Lush Turf Areas, New Windows, Two Tone Paint, & Charming Paver Walkways Mixed With Elegant Desert Landscaping. Each Unit is Individually Metered for Electricity & Boast Private Backyards With New Entry Gates & Outdoor Washer & Dryer. Located in the Roosevelt Arts District, Which Provides Easy Access to Downtown Phoenix's Vibrant Cultural Scene, Dining Hotspots, & Entertainment Options

Price History
1/16/2024 Listed $2,100,000
1/25/2024 1% - $2,095,000
2/12/2024 1% - $2,090,000
2/27/2024 1% - $2,089,900
3/6/2024 2% - $2,050,000
3/19/2024 3% - $1,995,000
4/1/2024 1% - $1,990,000

General Features

Sewer Public Sewer
Heating Electric
Cooling Electric,Ceiling Fan(s)
Roof Composition
Zoning R-5
Construction Materials Painted,Block
Year Built 1940
Electric Other (See Remarks)
Tenant Pays Electricity
Township 1N
Tax Year 2023
Percent Ownership Fee Simple
Gross Income 152161.5
OwnerPays Trash Collection,Water,Sewer
Community Features No Pool
County Maricopa
Net Operating Income 126331.0
Operating Expense 987.0
Property Type Multiple Dwellings
Attached Garage No
Subdivision Name CAPITOLA PLACE
Garage Y/N No
Status Active
City Phoenix
Buyer Agent Compensation 2.00
Disclosures None
View Y/N No
High School District Phoenix Union High School District
Open Parking Spaces 8.0
Total Units 8
Lot Size Square Feet 0.0
Carport Y/N No
Street Name 16TH
Tax Annual Amount 987.0
Lease Renewal Y/N No
Additional Parcels Y/N Yes
Lease Considered Y/N No
Rent Control Y/N No
Days on Market 88
Standard Status Active
Elementary School District Phoenix Elementary District
Tax Lot 37
Cap Rate 6.02
MobileHomeRemainsYN No
Buyer Agent Compensation Type %
New_sp_Financing_co_Conventional5 True
Ownership Fee Simple
Senior Community No

Interior Features

Flooring Vinyl
Air Conditioning Y/N Yes
Heating Y/N Yes
Street Suffix Avenue
Electric On Property Y/N No

Exterior Features

Parking Features 1 Space/Unit,Street Parking
Water Source City Franchise
Total Parking 8.0
Lot Size Area 0.0
Number of Buildings 4
Spa No
Lot Dimensions 6,754
Lot Size Acres 0.0
Road Surface Type Asphalt
Covered Spaces 0.0
Crops Included Y/N No
Open Parking Y/N No
Irrigation Water Rights Y/N No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 85007

AVG $990K
AVG $883
AVG 78
Data Provided by Inside Real Estate®
Year Built
AVG 1952

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