$4,000,000
Phoenix, AZ 85016
MLS# 6363222
Status: Closed
1 / 4
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $4,000,000
Sold Price: $4,000,000
Status: Closed
List Date: 2022-02-21
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
Map Code/Grid: N34
House Number: 6616
Compass: N
Street Name: 16TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85016
County Code: Maricopa
Assessor Number: 161-08-079
Tax Year: 2021
General Property Description
# of Buildings: 5
Uncvrd Parking Spcs: 2
Lot Size Dimensions: 0.67 Acres
Total # of Units: 5
Year Built: 2022
Zoning: R1-6
Legal Info
Range: 3E
Section: 9
Township: 2N
Lot Number: 1
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 $/%: $
Remarks Misc
Geo Lat: 33.533503
Geo Lon: -112.047853
Status Change Info
Off Market Date: 2022-06-07
Under Contract Date: 2022-06-06
Close of Escrow Date: 2022-07-30
Sold Price: $4,000,000
Income Expenses
Gross Annual Sch Inc: 252300
Net Operating Income: 195359
Property Features
Project Type: 5 - 12 Units
Construction: Wood Frame
Const - Finish: Stucco; Stone
Roofing: Other
Floors: Other
Sale Includes: Building(s) Only; Land & Building; Other (See Remarks)
Community Features: No Pool; See Remarks
Exterior Amenities: Sidewalk(s)
Appliances Included: Other
Heating: See Remarks
Cooling: See Remarks
Water Source: See Remarks
Sewer: Other
Electric: Other (See Remarks)
Gas: Other (See Remarks)
Parking Features: Other
Road Access Type: Private Road
Road Surface Type: Asphalt
Owner Pays: Other; See Remarks
Tenant Pays: Other (See Remarks)
Source of Fincl Data: Owner; Other (See Remarks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
New Financing: Other (See Remarks)
Environmental: Other (See Remarks)
Listing Office: Marcus & Millichap
Last Updated: May - 16 - 2025
Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
You must be logged in to post a comment.