$4,000,000
6616 N 16TH Street 1
Phoenix, AZ 85016
MLS# 6363222
Status: Closed

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Details
Maps
Contract Info
Ownership: Fee Simple
Location, Tax & Legal
Unit #: 1
Assessor's Map #: 8
Legal Description (Abbrev): BEG AT NE COR N2 S2 NE4 SE4 NE4 TH N 89D 28M 40SC W 174.50F TH S 00D 37M 30SC W 120F TH S 22D 33M 10
Assessor's Parcel #: 79
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 106502
Taxes: 3552
Legal: BEG AT NE COR N2 S2 NE4 SE4 NE4 TH N 89D 28M 40SC W 174.50F TH S 00D 37M 30SC W 120F TH S 22D 33M 10
Marketing Name: Sachar Court
General Property Description
# of Buildings: 5
Uncvrd Parking Spcs: 2
Lot Size Dimensions: 0.67 Acres
Total # of Units: 5
Legal Info
Range: 3E
Section: 9
Project Type
5 - 12 Units: 1
Construction
Wood Frame: 1
Const - Finish
Stucco: 1
Stone: 1
Roofing
Other: 1
Floors
Other: 1
Sale Includes
Building(s) Only: 1
Land & Building: 1
Other (See Remarks): 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 3552
Other Income: 1000
Vacancy Allowance: 12600
Adjusted Gross Inc: 3191326700
Pmt & Rate Info
Cap Rate: 4.6
Equity: 4250000
Down Payment %: 35
Monthly Payments: 12404
Total Owed: 0
Showing Notification Methods
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
See Remarks: 1
Heating
See Remarks: 1
Cooling
See Remarks: 1
Exterior Amenities
Sidewalk(s): 1
Tenant Pays
Other (See Remarks): 1
Appliances Included
Other: 1
Road Access Type
Private Road: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Other (See Remarks): 1
Water Source
See Remarks: 1
Sewer
Other: 1
Parking Features
Other: 1
Electric
Other (See Remarks): 1
Gas
Other (See Remarks): 1
Owner Pays
Other: 1
See Remarks: 1
New Financing
Other (See Remarks): 1
Reports/Disclosures
Other (See Remarks): 1
Environmental
Other (See Remarks): 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
# 4 Bedroom Units: 5
Avg Rent: 4205
Avg SqFt: 2545
# Baths: 15
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Property Features
IDX
Listing Office: Marcus & Millichap

Last Updated: May - 16 - 2025

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