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Loving Phoenix Team | Real Broker
3625 N 16th Street, Phoenix, AZ 85016
- $5,600,000
- Sold Price
- $5,600,000
- List Price
- $5,800,000
- Closing Date
- Jan 26, 2024
- Days on Market
- 2
- Status
- CLOSED
- MLS#
- 6656567
- City
- Phoenix
- Year Built
- 1963
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.
Additional Information
- Elementary School
- Loma Linda Elementary School
- High School
- North High School
- Middle School
- Loma Linda Elementary School
- Community Features
- No Pool, See Remarks
- Construction
- Block, Slump Block, Painted, Stucco
- Cooling
- Electric, Varies by Unit, Ceiling Fan(s)
- Electric
- APS, Individual Meter
- Heating
- Electric, Varies by Unit
- New Financing
- Conventional, 1031 Exchange, No Carry
- Parking Features
- Paved, Carport, >1 Space Per Unit
- Roofing
- Concrete, Foam
- Sewer
- Sewer-In & Connected
- Taxes
- $15,531
- Tax Year
- 2023
- Tenant Pays
- Electricity, Cable TV, See Remarks
- Units
- 23
- Water
- Master Meter, City Franchise
- Zoning
- C-2, Phoenix
Courtesy of Vestis Group. 602-281-6202 Selling Office: Non-MLS Office.
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