Movoto Real Estate
Sold on 01/28/2024

3625 N 16th St, Phoenix, AZ 85016

$5,600,000

Last sold 01/28/2024 after 2 Days

  • 37

    bed

  • 20

    bath

Multi-family not for sale

About 3625 N 16th St

Property type Multi-family
Neighborhood
Year built 1963
HOA fee $0/month
Property description
Playton Place At Biltmore offers style and convenience while raising the bar for urban apartment living in central Phoenix. Originally built in 1963 and 1973 as office space, the subject property went through an extensive adaptive reuse process with the City of Phoenix converting the property's use to apartment living (23-Units). During construction, the building's midcentury modern exterior facade was left intact, while everything else was re-built from top to bottom. Construction was completed in 2022, using high-end finishes and modern contemporary design. With strong submarket fundamentals coupled with the Phoenix market's continual improvement and recovery, Playton Place At Biltmore is well positioned to achieve continual revenue increase.
Listed by
Listing Agent - Natan Jacobs
Listing Office - Vestis Group
Source: ARMLS mls logo
MLS#6656567 • last updated 6 months ago
Movoto checked ARMLS for data 7 minutes ago
Overview
Cooling/AC Ceiling Fan(s), Electric, Individual
Heating Individual, Electric
MLS # 6656567
Type Multiple Dwellings
Status Closed
Property Tax 15531
Year Built 1963
Interior
Flooring Vinyl, Concrete
Appliances Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
Exterior
Roof Concrete, Foam
Construction Painted, Stucco, Block, Slump Block
Parking Paved, Add'l Parking Avail, >1 Space Per Unit, Carport
# of Open Parking Spaces 34
# of Covered Spaces 35
Amenities / Utilities
Water Source Master Meter, City Franchise
Sewer/Septic Sewer-In & Connected, Public Sewer
Security Features Security Light(s), Fire Sprinklers
Location
Community Features See Remarks, No Pool
Elementary School Loma Linda Elementary School
Elementary School District Creighton Elementary District
Middle School Loma Linda Elementary School
High School District Phoenix Union High School District
High School North High School
APN 119-30-063-A
Zoning C-2, Phoenix
Directions From 16th Street & Indian School Road, Head South To The Property
Multifamily Details
Total # of Units 23
Expense: Operating 99001
Financial Data Source Owner, Projected Proforma
Expense: Maintenance 21798
Vacancy Allowance 0.05
Expense: Insurance 5400
Net Operating Income 344088
Gross Income 441235.1
Expense: Other 35392
Expense: Professional Management 20880
Gross Scheduled Income 439583
Lot/ Land Details
Road Surface Asphalt
We are not permitted to show value estimates for this property.
  • Jan 2024
    mls logo MLS # 6656567
  • Jan 28, 2024 Sold
    $5,600,000
  • Jan 26, 2024 Listed
    $5,800,000
  • Jan 2024
    Public Records
  • Jan 26, 2024 Sold
    $5,600,000 (-3.4%)
  • May 2023
    mls logo MLS # 6546933
  • May 15, 2023 Price Change
    $5,800,000 (-3.3%)
  • Apr 21, 2023 Listed
    $6,000,000 (+9.1%)
  • Jan 2023
    mls logo MLS # 6447162
  • Jan 24, 2023 Listed
    —
  • Jan 20, 2023 Sold
    $5,500,000 (-15.4%)
  • Dec 16, 2022 Pending
    —
  • Sep 10, 2022 Price Change
    $6,500,000 (-9.7%)
  • Aug 9, 2022 Listed
    $7,200,000
  • Year Property taxes Tax assessment
  • 2024
    $36,112 +132.5%
    $486,920 -6.13%
  • 2023
    $15,531 +4.1%
    $518,700 +138.45%
  • 2022
    $14,921 -2.4%
    $217,530 +6.59%
  • 2021
    $15,285 +2.5%
    $204,090 +50.95%
  • 2020
    $14,913
    $135,200
  • 3625 N 16th St
    $5.6M
  • Encanto
    $539K
  • 85016
    $569K -1% y/y
  • Phoenix
    $464K 0% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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